According to the settlement, CarMax will pay at least $420,000 in damages to service members and a civil penalty of $79,380 ...

CarMax is facing a costly reckoning after federal civil-rights enforcers accused the company of seizing vehicles from ...

WASHINGTON (WAVY) — CarMax will pay at least $420,000 in damages to servicemembers and a civil penalty of nearly $80,000 to the U.S. as part of a settlement with the company after the Department of ...

Allegedly not handling vehicles correctly with members of the military on active duty landed CarMax in trouble with the ...

CarMax Auto Finance reported “better than anticipated” loan charge-offs that had a favorable impact on both the provision for loan losses and the ending allowance for loan losses during the first ...

Drivers in search of used cars have several options, but for many, CarMax is the top choice. However, the nation’s number one ...

CarMax Auto Finance. (4) CAF income decreased 11.2% to $102.6 million as an increase in the provision for loan losses outweighed growth in CAF’s net interest margin percentage. This quarter’s ...

The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department ...

WASHINGTON — The Department of Justice (DOJ) has reached a settlement with CarMax to resolve allegations that vehicles owned by members of the military were illegally repossessed, violating the ...

In addition, CarMax Auto Finance originated more than $8 billion in auto loans during fiscal 2025, adding to its nearly $18 billion portfolio. CarMax has 250 store locations, over 30,000 associates, ...