Earnings

CarMax Auto Finance originations drop 9%

CarMax used-vehicle sales down 8%

Truth Headlam

CarMax Auto Finance’s originations fell in the company’s fiscal third quarter amid rising inventory prices and slowing demand from some customer segments. CarMax Auto Finance (CAF)’s originations decreased 9.3% year over year to $1.8 billion in the its third quarter of fiscal year 2026, which ended Nov. 30, according to today’s earnings release. Outstandings fell 5.4% YoY to $16.8 billion. Used-vehicle sales were down 8% YoY to 169,557 units. Gross profit per unit was $2,235, down 3.1% YoY. “Recent results have been unacceptable and do […]

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MARKET SNAPSHOT

Earnings

CarMax Auto Finance originations drop 9%

CarMax used-vehicle sales down 8%

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