Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

May 22, 2015 6:29 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: 42
Age: 46
Compensation as of Fiscal Year 2014.

CarMax Business Services, LLC Key Developments

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.

CarMax Business Services, LLC Announces Earnings Results for the First Quarter Ended May 31, 2013

CarMax Business Services, LLC (CarMax Auto Finance) announced earnings results for the first quarter ended May 31, 2013. For the period, the company reported that its income increased 16% to $87.0 million primarily as a result of the 21% increase in average managed receivables, which grew to $6.15 billion. The increase in managed receivables reflected the rise in CAF origination volumes in recent years resulting from an expansion of CAF's loan penetration rate, as well as retail unit sales growth and higher average amounts financed. The total interest margin, which reflects the spread between interest and fees charged to consumers and funding costs, declined to 7.2% of average managed receivables in the current quarter from 7.5% in last year's first quarter. The average contract rate on new loan originations has declined in recent quarters as it provided more competitive offers in select customer segments. Interest and fee income was $133.5 million compared to $120.3 million for the same period a year ago.

Similar Private Companies By Industry

Company Name Region
Wells Fargo Education Financial Services United States
The Huntington Leasing Company United States
Pawn 1, Inc. United States
Student Capital Corporation United States
Ameripawn, Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CarMax Business Services, LLC, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at