12:00 PM New York – CarMax first-quarter net declined 4% to $175 million. Lennar second-quarter net surged 19% to $219 million and revenues soared 15% to $2.7 billion.
Tollbooth Index rose 11.31 to 10,518.68.
), the used vehicles retailer said revenues in the first-quarter ending in May grew 2.2% from a year ago to $4.1 billion.
Comparable store used unit sales in the quarter increased 0.2%.
Net income in the quarter declined 3.6% to $175.4 million or 90 cents per diluted share compared to $182 million or 86 cents per share from the same quarter last year.
), the homebuilder reported revenues in the second-quarter ending in May soared 15% from a year ago to $2.7 billion.
Net income in the quarter surged 19.4% to $218.5 million or 95 cents per diluted share compared to $183 million or 79 cents per share from the same quarter last year.