CarMax Auto Finance’s Q1 brings ‘largest origination quarter’ in company history

CAF logged a 150% YoY increase in Q1 originations

Photographer: Hasan Sarbakhshian/Bloomberg

CarMax Auto Finance experienced the “largest single origination quarter” in the lender’s history in the first quarter of fiscal year 2022 amid improved interest margin, lower funding costs, and an emphasis on purchasing cars from consumers. CAF’s first-quarter originations clocked in at $2.5 billion, a 150% year-over-year increase, marking the company’s first-ever quarter above $2 […]

Already subscribed? Click below.

Exit mobile version