(Il Sole 24 Ore Radiocor) - Milano, 17 giu - CarMax, the US reseller of second hand cars, said that in the first quarter ended May 31 net earnings per diluted share dropped to 1.31 dollars from 1.38 dollars a year ago.

Net revenue rose 6.2% to 8.0 billion dollars. Combined retail and wholesale unit sales were 392,357, an increase of 3.3%.

Retail used unit sales increased slightly and comparable store used unit sales declined 0.8%. The gross profit per retail used unit of 2,177 dollars declined from last year's all-time record by 230 dollars, "reflecting the continuation of pricing actions implemented to drive an improved sales trend," it said.

Wholesale units increased 8.4%. The gross profit per wholesale unit was 1,046 dollars, in line with the prior year.

CarMax bought 322,000 vehicles from consumers and dealers, a.

decrease of 4.4%.

(RADIOCOR) 17-06-26 13:03:11 (0335) 5 NNNN