June 21 (Reuters) - CarMax 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.

(Reporting by Nathan Gomes and Abhinav Parmar in Bengaluru; Editing by Mrigank Dhaniwala)