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CarMax Rides Good Reputation, Brand Loyalty to an Increasing Share Price

One bright spot amidst a disappointing, second-quarter government report on gross domestic product last week was consumer spending, which continued to rise.

That was good news for CarMax (KMX) , which is the largest used car retailer in the United States. Used car dealers have sometimes been the subject of jokes, but CarMax has brought a greater degree of integrity and dependability to the business.

By creating a...