UPDATE 4-CarMax earnings rise, but shares fall on outlook

Newswire

(Recasts first paragraph, updates with closing stock price) DETROIT, Sept 22 (Reuters) - Auto retailer CarMax Inc. on Monday said its quarterly profit rose 25 percent on strong used-vehicle sales, but its shares fell after the company lowered earnings estimates for the current quarter. CarMax President and Chief Executive Officer Austin Ligon said the estimated impact of Hurricane Isabel and somewhat softer-than-expected sales in early September also caused the company to lower its ...

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