CarMax Auto Finance sees margin expansion despite rising loan losses
Net income at financing arm of the used dealership group fell 3.6%
CarMax Auto Finance last quarter saw a decline in income as loan losses started to hit its financial performance. CarMax Auto Finance reported today its first fiscal quarter income declined to $141.7 million, a 3.6% drop year-over-year. The dip was primarily attributed to a higher provision for loan losses, which rose to $101.7 million from $81.2 million in […]
Already subscribed? Log in
