CarMax Auto Finance is one of the first auto lenders to record the adverse effects of the coronavirus pandemic on its book of business, with originations clocking in at $992.3 million as of May 31, down from $1.8 billion year over year, according to the retailer’s first-quarter fiscal year 2021 earnings presentation. The captive’s penetration rate on vehicles sold at stores also dropped to 36.1% as of May 31, […]
