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CarMax, Inc. 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 October 2022, CarMax operates 238 locations.
CarMax Auto Finance, or CAF, delivered income of $116 million, down 14% from the same period last year. CAF results were pressured by an uptick in losses that are being experienced industry wide.
CarMax Auto Finance income was $115.6 million, a decline of 14.4% from last year’s second quarter. An increase in the provision for loan losses outweighed growth in CAF’s average managed ...
CarMax stock managed to pop 10% as of Tuesday afternoon on a 24-cent earnings beat. But the red flags in the results and broader car market are hard to overlook. Combined retail and wholesale used ...
As a result, the reported earnings from CarMax Auto Finance (CAF) fell 14.4% last quarter. Management noted it's an industrywide challenge, but considering subprime loans aren't a big part of CAF ...
October 29, 2024 at 9:00 AM. In this video, Travis and Jose cover Carmax's (NYSE: KMX) business model, management quality, and financial standing g. Perfect for seasoned investors looking to glean ...
Both CarMax and Carvana are great platforms for buying and selling used cars, but which one is better? ... In-house financing options. ... New Auto: 25 Freebies To Ask For When Buying a New Car
CarMax Reports Quarterly Results RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYS: KMX) today reported results for the second quarter ended August 31, 2012. Net sales and operating revenues ...
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