CarMax (KMX) reported fiscal Q1 net income Wednesday of $1.31 per diluted share, down from $1.38 a year earlier.
Analysts polled by FactSet expected $0.96.
Net sales and operating revenue for the fiscal quarter ended May 31 were $8.01 billion, up from $7.55 billion a year earlier.
Analysts surveyed by FactSet expected $7.42 billion.
Shares of the company were up 4% in recent Wednesday premarket activity.
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