Home Loans CarMax Auto Finance sees margin expansion despite rising loan losses

CarMax Auto Finance sees margin expansion despite rising loan losses

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CarMax Auto Finance last quarter saw a decline in income as loan losses started to hit its financial performance.  CarMax Auto Finance reported today its first fiscal quarter income declined to $141.7 million, a 3.6% drop year-over-year. The dip was primarily attributed to a higher provision for loan losses, which rose to $101.7 million from $81.2 million in […]



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