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CarMax Holding On To Substantial Gain In Late-Day Trading

After gapping open sharply higher, shares of CarMax (KMX) continue to see significant strength in late-day trading on Friday. CarMax is currently up by 13.4 percent after reaching a record intraday high.

The jump by CarMax comes after the used car retailer reported fiscal first quarter results that beat expectations on both the top and bottom lines.

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