CarMax third-quarter profit more than doubles

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Dec 21 (Reuters) - Pre-owned car retailer CarMax on Thursday posted a higher third-quarter profit after previously implemented cost cuts helped it offset headwinds from lower demand.

The company posted a quarterly profit of $82 million, or 52 cents per share, for the quarter ended Nov. 30, compared with $37.6 million, or 24 cents per share, a year ago (Reporting by Nathan Gomes in Bengaluru; Editing by Maju Samuel)

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