RICHMOND, Va. - CarMax Inc.'s used-vehicle sales rose in the first quarter of its fiscal year, which began March 1.
But used-vehicle sales at company stores that have operated for at least a year fell during the quarter.
The used-car retailer sold 62,353 vehicles in the first quarter, 7 percent more than in the year-ago period. Sales at stores open for at least a year declined 3 percent during the quarter.
CarMax opened three stores in its first quarter, in Los Angeles, Indianapolis and Columbia, S.C.