CarMax Inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, amounted to 64 cents per share, compared with the S&P Capital IQ consensus estimate of 68 cents per share.
EPS rose 5.3% year over year from 61 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $130.0 million, a decline from $131.8 million in the prior-year period.
The normalized profit margin dropped to 3.5% from 3.7% in the year-earlier period.
Total revenue increased on an annual basis to $3.72 billion from $3.56 billion, and total operating expenses rose from the prior-year period to $3.50 billion from $3.34 billion.
Reported net income decreased year over year to $128.1 million, or 63 cents per share, from $130.2 million, or 60 cents per share.
