CarMax's Profits Up 29%, Stock Up 69%
After Our Buy Signal
12/17/03
Carmax today reported a 29% increase in net earnings. Net
income for the third quarter ending November 30 rose to $19.1
million, an increase of $4.4 million versus the year-ago quarter.
Earnings of 18 cents per share were 6% above expectations.
Subscribers who bought the stock when we
gave a buy signal for the company have made a 69% profit (72%
annualized).
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