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Home » CarMax Auto Finance NIM jumps amid uptick in originations

CarMax Auto Finance NIM jumps amid uptick in originations

NIM clocked in at 7.2%

Joey PizzolatobyJoey Pizzolato
December 22, 2021
in Earnings
Reading Time: 1 min read
0
Inside A Carmax Inc. Location Ahead Of Earnings Figures

(Photo/Bloomberg)

CarMax Auto Finance (CAF) posted an increase in origination volume and net interest margin in the third quarter of the company’s fiscal year 2022 ending Nov. 30. Still, the captive padded its allowance for loan losses amid concerns about consumer credit health and the unpredictability of the economic environment. Net loans originated in the quarter […]

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Tags: CarMax Auto FinanceearningsoriginationsPremium
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