(Boursier.com) — CarMax , the American retailer of used vehicles, revealed a fall of a third in its profit for its first quarter, with falling margins. Net income was $152 million, or 97 cents per share, compared to $228 million for the corresponding period last year. Revenues fell to $7.1 billion from $7.7 billion a year earlier. The consensus was 94 cents in quarterly earnings per share for $7.2 billion in revenue.
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