CarMax revenue jumps as easier credit boosts used car sales, from Fox Business.
CarMax Inc, the largest U.S. used-car seller, reported a 16 percent rise in quarterly revenue as easier availability of credit helped it sell more pre-owned vehicles at higher prices.
Shares of the company, which also sells new cars, rose 8 percent in premarket trading.
U.S. auto loan originations in the third quarter hit the highest level since 2005, according to a survey published by the Federal Reserve Bank of New York in November.
