market mover

Inventory, deals drive used car chain higher

CarMax said sales at stores open at least a year rose 6%.

Steve Helber/AP/File 2009

CarMax said sales at stores open at least a year rose 6%.


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.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of