Richmond-based used car dealership chain CarMax Inc. said fourth-quarter profit rose 13 percent as improved inventory and financing offers drove up sales. CarMax, which operates more than 115 stores, reported earnings of $107.2 million, or 46 cents per share, compared with $95 million, or 41 cents, a year ago. Revenue rose 13 percent to $2.83 billion. Analysts expected 45 cents. “We feel pretty good about the way we’re executing our business right now,” CEO Tom Folliard said.
Inventory, deals drive used car chain higher
Globe Staff April 11, 2013
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