UPDATE 2-CarMax 4th-qtr earnings rise but misses estimate

Newswire

(Recasts, adds stock price) DETROIT , March 29 (Reuters) - CarMax Inc. , the largest retailer of used cars in the United States, posted a 15 percent rise in quarterly earnings on Thursday, but missed estimates, sending shares lower by 8 percent. Earnings increased to $42.1 million, or 19 cents per share, in the fiscal fourth quarter ended Feb. 28, from $36.7 million, or 17 cents per share, a year earlier. The latest results include an asset impairment charge of 1 cent per share related ...

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