CarMax Auto Finance | Auto Finance News | Page 2 | Auto Finance News - Part 2

CarMax Auto Finance Income Increases as Used-Car Sales Rise

CarMax Auto Finance’s income increased 12.5% year over year to $107.9 million in the second quarter, despite “modest impact” of Hurricane Harvey in Texas, according to the company’s investor meeting today. CarMax Auto Finance’s net loans originated reached $1.5 billion in the quarter, up 7.4% from the same time the year prior. Total auto finance […]

CarMax Ups Loss Allowance in 3Q17

CarMax Auto Finance upped its provisions for loan losses in the quarter ended November 30, Tom Reedy, chief financial officer, said during the company’s earnings call last Tuesday. CAF’s allowance for loan losses were at $114.8 million in 3Q, versus $90.9 million at the same time a year ago — a 26% increase. Loss provision […]
Page 2 of 2«12