CarMax earnings flat, used car sales weak

Newswire

DETROIT, June 17 (Reuters) - Auto retailer CarMax Inc. posted flat quarterly earnings on Thursday amid disappointing used car sales. Richmond, Virginia-based CarMax said first-quarter earnings totaled $35.3 million, or 33 cents per share, compared with $35.3 million, or 34 cents per share, in the year-ago quarter. In May, CarMax cut its earnings forecast to a range of 30 cents to 32 cents per share, down from 33 cents to 35 cents, citing slow used car sales, rising interest rates and ...

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