Drivers in search of used cars have several options, but for many, CarMax is the top choice. However, the nation’s number one used vehicle retailer is currently under fire after being accused of ...

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

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 ...

The DOJ has reached a settlement with CarMax to resolve allegations that vehicles owned by members of the military were illegally repossessed, violating the Servicemembers Civil Relief Act.

Affected troops will receive $15,000 each, plus any lost equity in the repossessed vehicle, according to the settlement agreement.

The nation's largest retailer of used cars will have to pay nearly $500,000 as part of a settlement following allegations that it illegally repossessed motor vehicles owned by members of the military.

CarMax, Inc., the nation’s largest retailer of used cars, has entered into a settlement agreement with the U.S. Justice Department in connection with allegations that it was repossessing ...

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 ...

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, ...