UPDATE 1-CarMax profit almost doubles, boosts outlook

Newswire

(Recasts first sentence, adds details) CHICAGO, Dec 20 (Reuters) - CarMax Inc. , the largest U.S. retailer of used cars, on Wednesday posted a stronger-than-expected quarterly profit that almost doubled due to strong Internet traffic, a demand for luxury vehicles and a rebound in SUV and truck sales. Due to the strong results, the company boosted its fiscal 2007 profit outlook. Net income in the third quarter rose 98 percent to $45.4 million, or 42 cents a share, from $22.9 million, or ...

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