CarMax Auto Finance Q4 income surges on lower provisions, funding costs | Auto Finance News CarMax Auto Finance Q4 income surges on lower provisions, funding costs | Auto Finance News
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CarMax Auto Finance Q4 income surges on lower provisions, funding costs

CAF has also amended its third-party financing arrangements

Joey Pizzolato by Joey Pizzolato
April 1, 2021
in Earnings
Reading Time: 2 mins read

CarMax Auto Finance (CAF) closed out the fourth quarter and fiscal year 2021 with $188.2 million in income, a 68.2% year-over-year surge thanks to reduced provisions for credit losses, increased net interest margin, and an increase in managed loan receivables. For the quarter ending Feb. 28, CAF’s net originations clocked in at $1.8 billion, nearly […]

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