UPDATE 1-Auto dealer CarMax ups quarterly profit forecast

Newswire

(Adds details) DETROIT, Aug 23 (Reuters) - Auto dealer group CarMax Inc. raised its second-quarter earnings forecast on Tuesday, citing better-than-expected sales and showroom traffic. The Richmond, VirginIa-based, company said it now expected quarterly earnings of about 37 cents a share, up from its previous forecast for profit in the range of 29 cents to 34 cents. The increase was driven, at least in part, by a surge in showroom traffic after Detroit's Big Three automakers recently ...

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