Used car retailer CarMax's first-quarter profit falls-February 2024-www.financetom.com

Used car retailer CarMax's first-quarter profit falls

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Used car retailer CarMax's first-quarter profit falls

Jun 21, 2024 4:21 AM

June 21 (Reuters) - CarMax ( KMX ) reported a 32.6% dip

in its first-quarter profit on Friday, as lower margins from

vehicles sold continued to impact the used-vehicle industry.

The company reported a net income of $152.4 million or 97

cents per share in the quarter ended May 31, compared with

$228.3 million or 144 cents per share a year ago.

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