Tag: CarMax

Wells Fargo Auto last month named Matt Mohler its executive director of business growth strategy to oversee initiatives related to ...

CarMax Auto Finance’s originations grew in its fiscal second quarter of 2027 as the retailer continued to lean into nonprime ...

CarMax this week announced layoffs of 145 associates as it looks to “operate with a leaner corporate workforce,” the retailer ...

GM Financial expects its public debt issuance will decline year over year in 2026, though captive finance companies kept a strong securitization pace through June.   GM Financial expects $10 billion ...

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 ...