CarMax 1Q profit slips 2.7 pct on sales decline, charges related to loans, still beats view

RICHMOND, Va. — Auto retailer CarMax Inc. said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto financing arm, but the results still beat Wall Street expectations.

CarMax 1st-quarter profit drops 2.7 percent on sales decline, charges related to loans

RICHMOND, Va. — Auto retailer CarMax says its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop. Its results still beat Wall Street expectations.