UPDATE 2-CarMax Q2 results above expectations; shares up

Newswire

* Q2 EPS $0.46 vs $0.06 year-ago * Q2 sales up 13 pct, comp sales up 8 pct * Shares rise 11 pct (Recasts; adds conference call details, analyst comment; updates share movement) By A. Ananthalakshmi BANGALORE, Sept 22 (Reuters) - CarMax Inc , the largest U.S. retailer of used cars, posted better-than-expected quarterly results, as customer traffic trends improved with the help of the cash-for-clunkers program and its finance unit recorded a one-time gain. Shares of the company were ...

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