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CarMax Auto Finance originations fall 4% YoY

Managed receivables jumped 7% YoY to $17B

Joey PizzolatobyJoey Pizzolato
September 28, 2023
in Earnings
Reading Time: 3 mins read
0

CarMax Auto Finance logged a decline in origination volume in the second quarter of its fiscal year 2024 as elevated interest rates weighed on consumer affordability.   Originations clocked in at $2.2 billion for the quarter ended Aug. 31, down 4.3% year over year, according to the retailer’s earnings supplement.   Outstandings landed at $17.3 billion, up […]

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