Tag: CarMax Auto Finance

Some auto lenders saw a rise in payment extensions following Hurricane Helene, with Hurricane Milton expected to affect extension rates ...

CarMax Auto Finance increased its provision for credit losses due to an uptick in expected losses, while originations ticked down ...

CarMax Auto Finance plans to split its auto asset-backed securitizations between prime and nonprime offerings after issuing its first non–prime ...

Car dealerships are leaning on manual processes following consecutive cyberattacks against software provider CDK Global last week.  Dealers have been ...

CarMax Auto Finance plans to increase its penetration rate in lower credit tiers after affordability challenges continued to hamper sales ...

First-quarter earnings kicked off last week with banks reporting a decline in auto originations. Chase Auto and Wells Fargo Auto’s ...

Ongoing credit tightening at CarMax Auto Finance paved the way for allowance for credit loss reductions as the lender’s portfolio ...

CarMax Auto Finance’s originations and penetration rate declined during the third quarter of its fiscal 2024 as the financier tightened ...