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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]
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.
Key takeaways. Chapter 7 bankruptcy may allow you to exempt your vehicle if its value is under the exemption limit. The federal bankruptcy exemption limit is $4,450 until 2025, but it can vary by ...
CarMax's fiscal 2025 first-quarter earnings fell year over year, but the used car dealer's business is still more attractive than Carvana's.
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
A Chapter 7 bankruptcy stays on your report for 10 years, while a Chapter 13 bankruptcy remains for seven years. Even if the bankruptcy was due to circumstances outside your control, bankruptcy ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 170 pages are in this category, out of 170 total. This list may not reflect recent changes .
CarMax Reports Record Fourth Quarter and Fiscal Year Results RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYS: KMX) today reported record results for the fourth quarter and fiscal year ended ...