UPDATE 1-CarMax posts higher Q2 profit

Newswire

* Q2 EPS $0.46 vs $0.06 year-ago * Q2 sales up 13 pct * Comp sales up 8 pct * Shares rise 7 pct Sept 22 (Reuters) - CarMax Inc , the largest retailer of used cars in the United States, posted a higher quarterly profit, helped by improving customer traffic trends. "The government's CARS, or "cash for clunkers," program resulted in a spike in traffic in late July and August," CEO Tom Folliard said in a statement. For the second quarter ended Aug. 31, net income rose more than ...

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