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Home » CarMax Auto Finance originations jump 17% YoY in Q4 FY 2022

CarMax Auto Finance originations jump 17% YoY in Q4 FY 2022

Captive test-drives pre-quals without credit score impact as penetration rate falls

Amanda HarrisbyAmanda Harris
April 13, 2022
in Earnings
Reading Time: 2 mins read
0
CarMax Auto Finance originations jump 17% YoY in Q4 FY 2022

Bloomberg

CarMax Auto Finance’s (CAF) fourth quarter of fiscal year 2022 was marked by increased originations and a 69% year-over-year jump in the number of cars bought directly from consumers, largely due to improvements in the digital application process and instant online appraisals. CAF’s net loans originated in the quarter increased 17.2% YoY to $2.1 billion, […]

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Tags: auto originationsCarMax Auto FinancePremiumprequalification
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