WASHINGTON (dpa-AFX) - Shares of used vehicle retailer CarMax, Inc. (KMX)
are falling more than 10% Thursday morning after reporting lower earnings as
well as revenue in the second quarter.

Net earnings in the second quarter dropped to $118.6 million or $0.75 per share
from $125.9 million or $0.79 per share last year, due to lower used vehicle
sales. Analysts on average, polled by Thomson-Reuters were expecting earnings of
$0.78 per share.

Revenue for the quarter declined 13.1% year-on-year at $7.1 billion. The
consensus estimate was for $7.03 billion.

KMX, currently at $71.14, has traded in the range of $52.10 - $87.50 in the last
1 year.



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