CarMax Credit Worries Mount: November Data Shows Soft Trends, Rising Defaults
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CarMax's CAF securitization data for November shows soft trends and rising defaults, according to Wedbush analyst Scott Devitt. Delinquency rates increased by 19 bps month-on-month, and the cumulative net loss rate rose by 7 bps. Devitt maintained a Neutral rating and $40 price target, noting concerns about credit exposure and market leadership. CarMax shares were up 0.87% at $40.98.
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