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CarMax Auto Finance sees margin expansion despite rising loan losses

Net income at financing arm of the used dealership group fell 3.6%

Auto Finance News

CarMax Auto Finance in the first quarter saw a decline in income as loan losses started to hit its financial performance but reported an uptick in originations.   CarMax Auto Finance reported its first fiscal quarter income declined to $141.7 million, a 3.6% drop year over year, according to the company’s June 20 earnings release. The dip […]

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