CarMax Inc. said Friday that stronger sales, cost-cutting efforts and gains from its financing division helped the car dealership chain post a profit in its fiscal third quarter.
Shares of the company, which predominantly sells used vehicles, jumped 8.6 percent to $23.70 in premarket trading Friday.
The company, based in Richmond, said its used vehicle sales rose 9.3 percent as the their average selling price rose 10.3 percent. New vehicle sales fell 33.4 percent.
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