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CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations. [3]
Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, it was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. [3]
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Heading into CarMax, Inc (NYSE: KMX )'s fourth-quarter earnings report Wednesday, investors were likely expecting weak same-store unit comps — which the company delivered , along with an EPS miss.
The willingness of governments to allow lenders to place debtor-in-possession financing claims ahead of an insolvent company's existing debt varies; US bankruptcy law expressly allows this [8] while French law had long treated the practice as soutien abusif, requiring employees and state interests be paid first even if the end result was liquidation instead of corporate restructuring.
But just because it's possible to take out a car loan after bankruptcy doesn't mean you should. A car is a major purchase, and most people who file for bankruptcy aren't in the best place financially.
Four years after a pandemic inventory crunch sent car prices to record highs, the number of drivers who can't afford their car loans is on the rise, worrying dealers who say this will only ...
DriveTime is a private company headquartered in Tempe, Arizona. [3] The company's business model is focused on selling previously owned vehicles to car-buyers. [4] It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending.