CarMax Reports Record Quarterly Results; EPS $.48 (KMX)

CarMax, Inc. KMX eariler today reported results for the second quarter ended August 31, 2010. --Net sales and operating revenues increased 13% to $2.34 billion from $2.08 billion in the second quarter of last year. --Comparable store used unit sales increased 4% for the quarter. --Total used unit sales rose 5% in the second quarter. --Net income increased to $107.9 million, or $0.48 per diluted share, compared with $103.0 million, or $0.46 per diluted share, earned in the second quarter of fiscal 2010.