CarMax Auto Finance originations down 1% year over year
CAF enhancing underwriting, extension policy to improve collections
CarMax Auto Finance’s originations declined in the third quarter as the lender looked to improve collections and underwriting for better credit performance. Originations totaled $1.9 billion in the third quarter of fiscal 2025, which ended Nov. 30, down 0.6% year over year, while outstandings ticked up 1.5% YoY to $17.8 billion, according to the lender’s […]
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