Monday, June 19, 2006

CarMax profit jumps 54 percent

The exterior of a Carmax store is seen in an undated file photo. CarMax Inc., the largest U.S. retailer of used cars, on Monday posted a higher-than-expected 54 percent rise in quarterly earnings, helped by strong used vehicle sales and better wholesale pricing, and said it expects full-year earnings at the higher end of its forecast. (Handout/Reuters)Reuters - CarMax Inc. , the largest U.S. retailer of used cars, on Monday posted a better-than-expected 54 percent rise in quarterly earnings on increased sales and improved margins and said it expects full-year earnings at the high end of its previous forecast
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