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CarMax reported a 16 percent jump in first-quarter earnings Friday and investors wanted in. Shares of the used-car dealership chain skyrocketed 17 percent. The company continues to open stores at its fastest pace ever to expand its footprint across the U.S. CarMax, which runs about 135 stores that mainly sell used cars and trucks, earned $169.6 million, or 76 cents per share, for the period ended May 31, up from $146.7 million, or 64 cents per share, a year ago.

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