The company benefited from stronger sales, cost-cutting efforts and gain from its financing division.
CarMax earned $74.6 million, or 33 cents per share, for the quarter ended Nov. 30. That contrasts with a loss of $21.9 million, or 10 cents per share, a year ago.
Shares of CarMax rose $1.11, or 5.1 percent, to $22.93 in morning trading.
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