CarMax, the largest US seller of used cars, fell the most since December 2008 in intraday trading as used-vehicle sales fell. The Richmond firm said net income in the quarter rose to $111.9 million, or 49 cents, from $107.9 million, or 48 cents, a year earlier. Analysts expected a profit of 51 cents. CEO Tom Folliard blamed the drop on “the weak economic environment and lower consumer confidence.’’
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