RICHMOND, Va. - CarMax Group said it expects to earn 82 cents per share in fiscal year 2002, which ended Feb. 28, up from 43 cents per share in fiscal 2001. The company's fiscal 2001 profits were $46.5 million.
CarMax Group ended its 2002 fiscal year with sales total-ing $3.2 billion, a 28 percent increase over its fiscal 2001 sales of $2.5 billion. The company's fourth quarter sales were $779.3 million, a 22 percent increase over sales of $640 million the same period last year.
Circuit City, which owns CarMax, said in February that it is spinning off the auto retailer as a separate busi-ness. The separation is to be com-pleted by late summer.
CarMax operates 35 used-car super-stores and 18 new-car franchises at 38 locations.