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November 26, 2015 8:37 AM ET

Consumer Finance

Company Overview of CarMax Business Services, LLC

Company Overview

CarMax Business Services, LLC doing business as CarMax Auto Finance, engages in providing automobile financing services. The company was founded in 1993 and is based in Kennesaw, Georgia. CarMax Business Services, LLC operates as a subsidiary of CarMax Inc.

225 Chastain Meadows Court

Kennesaw, GA 30144

United States

Founded in 1993





Key Executives for CarMax Business Services, LLC

Senior Vice President
Age: 43
Age: 47
Compensation as of Fiscal Year 2015.

CarMax Business Services, LLC Key Developments

CarMax Auto Finance Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended August 31, 2015

CarMax Auto Finance reported unaudited earnings results for the second quarter and six months ended August 31, 2015. For the quarter, income increased 6.2% to $98.3 million against $92.6 million last year, driven by an increase in average managed receivables, partly offset by a lower total interest margin percentage. For the six months, income was $207.4 million against $187.2 million last year.

CarMax Auto Finance Announces Executive Changes

CarMax Inc. announced the promotion of Jon Daniels to senior vice president, CarMax Auto Finance (CAF). In assuming responsibility for CAF, Daniels succeeds Angie Chattin, who is retiring. Chattin will work with CarMax in a consulting capacity to ensure a seamless transition. Daniels, 42, joined CAF in 2008 as vice president, risk and analytics. He has extensive credit and banking experience from HSBC and Metris, where he worked prior to joining CarMax.

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