TradingKey – CarMax, Inc. (KMX) posted results for fiscal Q2 that point to continued progress against its stated objectives to return the business to long-term growth. Specifically, KMX reported comparable used unit sales growth of 13% and better than expected Q2 results. Subsequent to these results and the positive comparable used unit sales trend, KMX’s management team announced its intention to reinstate its share repurchase program. At this juncting, from a stock price and valuation perspective, KMX appears to be trading at reasonable levels with an upside potential given its improving operating results and the likelihood that its auto finance operations continue to improve.