CarMax (KMX) shares jumped Thursday when the biggest U.๊S. used car retailer reported its first quarterly sales increase in two years as lower prices brought out buyers. 

CarMax posted a 1.2% year-over-year gain in third-quarter revenue to $6.22 billion, and 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.81. Both were above Visible Alpha estimates.

Retail unit sales rose 5.4% to 184,243, with same-store sales adding 4.3%. Reta🦋il unit revenue grew 1.2% to $4.89 billion as an $1,100 drop in the average✅ selling price boosted demand. 

Wholesale vehicle sales added 6.3% to 136,013, and wholesale revenue rose 0.3% to $1.17 billion. That also benefitted from lower prices, with the average sa💜le price down $500.

CarMax also bought 270ℱ,000 vehicles from consumers and dealers, a 7.9% hike from a year ago.

CEO Says Results Helped by 'More Stable Environment'

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO)ꦆ Bill Nash said the results were helped by "a more stable environment for vehicle valuations."

Shares of CarMax recently rose more than 4% to $84.77. They are up about 10% year-to-date.