UPDATE 2-CarMax 2nd-qtr earnings jump 38 percent

Newswire

(Adds stock action) NEW YORK, Sept 21 (Reuters) - Auto dealer group CarMax Inc. on Wednesday posted a better-than-expected 38 percent rise in second-quarter profit, boosted by strong sales and increased showroom traffic, sending shares up about 4 percent. The largest U.S. retailer of used cars said earnings rose to $41.4 million, or 39 cents a share, from $29.9 million, or 28 cents a share, a year earlier. Wall Street analysts' average earnings forecast was 37 cents a share, according ...

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