CarMax, Inc today reported results for the fourth quarter and fiscal year ended February 29, 2008.
- Total sales increased 9% to $2.04 billion from $1.88 billion in the fourth quarter of fiscal 2007. For the fiscal year, total sales increased 10% to $8.20 billion from $7.47 billion.
- Comparable store used unit sales increased 3% for both the fourth quarter and the fiscal year.
- Total used unit sales grew 13% in the fourth quarter and 12% for the fiscal year.
- For the fourth quarter, net earnings declined 48% to $21.8 million, or $0.10 per share, compared with $42.1 million, or $0.19 per share, in the fourth quarter of fiscal 2007. For the fiscal year, net earnings declined 8% to $182.0 million, or $0.83 per share, compared with $198.6 million, or $0.92 per share, in fiscal 2007.
- In the fourth quarter of fiscal 2008, CarMax Auto Finance (CAF) income was reduced by $34.6 million before taxes, or $0.10 per share, for retained interest adjustments and the effect of higher funding costs.
Bookmark this post: | 
|
0 comments:
Post a Comment