CarMax's fourth-quarter profit falls 27.2%

Reuters04-11

April 11 (Reuters) - Pre-owned vehicle retailer CarMax

posted a lower fourth-quarter profit on Thursday, hurt by decreased profitability from units sold.

Net income in the quarter ended Feb. 28 fell to $50.3 million, or 32 cents per share, compared with $69 million, or 44 cents per share a year ago.

(Reporting by Nathan Gomes in Bengaluru; Editing by Pooja Desai)

((Nathan.Gomes@thomsonreuters.com;))

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