CarMax Inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2016, amounted to 72 cents per share, compared with the S&P Capital IQ consensus estimate of 71 cents per share.
EPS rose 12.6% year over year from 64 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $137.3 million, a gain of 5.6% from $130.0 million in the prior-year period.
The normalized profit margin increased to 3.5% from 3.5% in the year-earlier period.
Total revenue grew on an annual basis to $3.89 billion from $3.72 billion, and total operating expenses increased on an annual basis to $3.66 billion from $3.50 billion.
Reported net income increased 7.2% year over year to $137.4 million, or 72 cents per share, from $128.1 million, or 63 cents per share.
