Tag: CarMax

CarMax Auto Finance came to market this month with a $600 million asset-backed securitization deal backed by nonprime auto loans ...

CarMax Auto Finance’s originations increased in the first quarter of fiscal 2027 as CarMax expanded its full-spectrum auto lending strategy and gained finance ...

Lenders are increasingly packaging auto loans with terms of 72 months or longer into asset-backed securities deals as more consumers opt to spread out vehicle costs to lower monthly payments.  Longer-term loans ...

Subprime transactions from several lenders are contributing to a strong pace of auto asset-backed securitization volume in 2026, even as subprime collateral performance remains challenged.  The overall market for auto ABS is ...

CarMax Auto Finance’s originations declined in the fourth quarter of fiscal 2026 as the retailer is eyeing improving performance under new leadership.  The retailer’s net loans originated tallied $1.9 ...

The Department of Justice reached a $500,000 settlement with CarMax regarding allegedly wrongful repossessions barely three weeks after Sen. Elizabeth Warren (D-Mass.) claimed that the Trump Administration had ...

CarMax is expanding its customer reach with the launch of an app available in the ChatGPT app store that allows consumers to shop for and sell used vehicles through the ...

Auto retailers and lenders are saving money, speeding processing and improving customer satisfaction by using AI for customer-facing products. For ...