CarMax Inc - Company Profile
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Business Description
CarMax Inc (CarMax) is a retailer of used cars and other related products and services such as extended protection plan (EPP) products and vehicle repair services. It also offers automotive merchandise and services, reconditioning services to used car consumers which include certified quality inspection of the engine and major systems, such as cooling, fuel, transmission, electronics, brakes, suspension, air conditioning, and steering.
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Business Segments
Overview
It consists solely of its finance operation that provides financing to customers buying retail vehicles from CarMax. The segment offers financing to qualified retail customers through CAF and our arrangements with industry-leading third-party finance providers. It also services all auto loans that originate and is responsible for providing billing statements, collecting payments, maintaining contact with delinquent customers, and arranging for the repossession of vehicles securing defaulted loans.
Performance
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Overview
It consists of all aspects of the company's auto merchandising and service operations, excluding financing provided by CAF. The segment consists of retail sales of used vehicles and related products and services, such as wholesale vehicle sales; the sale of extended protection plan (EPP) products, which include extended service plans (ESPs) and guaranteed asset protection (GAP); and vehicle repair service.
Performance
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Overview
It includes the business related to Edmunds Holding Co.
Performance
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