Wednesday's Winners & Losers: CarMax

Shares of CarMax(KMX Quote) were among the NYSE's winners Wednesday, rising 9% after the operator of used-car dealerships posted better-than-expected second-quarter results and raised its full-year projections.

For the period ended Aug. 31, CarMax earned $54.3 million, or 50 cents a share, on revenue of $1.93 billion. Analysts polled by Thomson First Call expected earnings of 41 cents a share and revenue of $1.85 billion. During the year-earlier period, the company earned $37.6 million, or 35 cents a share, on revenue of $1.63 billion.

Looking ahead, CarMax now sees full-year earnings of $1.55 to $1.65 a share, well above its previous view of $1.25 to $1.47 a share. Analysts, on average, project earnings of $1.50 a share. The company's shares were trading up $3.43 to $43.57.

Shares of Christopher & Banks(CBK Quote) climbed 8% after the women's clothing retailer posted second-quarter results that topped forecasts. For the period ended Aug. 26, the company earned $7.9 million, or 21 cents a share, up from $5.7 million, or 16 cents a share, a year earlier. Sales rose to $131.6 million from $110.8 million, while same-store sales increased 8%. Analysts expected earnings of 20 cents a share on sales of $129.4 million.

Christopher & Banks sees third-quarter earnings of 31 cents to 32 cents a share, above the 30 cents a share that analysts project. For all of fiscal 2007, Christopher & Banks raised its earnings forecast to $1.14 to $1.16 a share from a prior view of $1.06 to $1.10. Shares were trading up $2.17 to $29.78.