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

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


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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