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CarMax Increases Loan Loss Provisions Amid ‘Uncertain Economic Outlook’
pymnts.com/earnings/2025/carmax-increases-loan-loss-provisions-amid-uncertain-economic-outlook
Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31.
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In response, the company’s CarMax Auto Finance (CAF) business boosted its provision for loan losses during the quarter to $101.7 million, up from $81.2…
This story appeared on pymnts.com, 2025-06-20 18:41:56.