RICHMOND, Va. — Declines in store traffic and in light-truck prices helped slash CarMax Inc.'s net earnings in its fiscal first quarter. The used-vehicle retailer's net income totaled $29.6 million in the three-month period that ended May 31, down 55 percent from the same period last year, company executives told analysts in a conference call last week. Total sales revenues increased 3 percent to $2.21 billion in the quarter compared with the year-ago period.
CarMax net earnings decline
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