Following CarMax Finance Number updates, trading volume in CarMax shares spiked by 15%, likely driven by positive reaction to the robust finance segment performance metrics. CarMax, Inc. (NYSE:KMX) is a retailer of used vehicles and related products. Its competitive edge as one of the best stocks for the long term stems from operating a network of 247 used car superstores. In addition, its business model extends beyond retail sales, with a significant wholesale operation that moves over 500,000 units annually. CarMax, Inc. (NYSE:KMX) has been pursuing strategic initiatives to unlock new growth opportunities. Its Innovation Center in Virginia is developing new technologies and processes to enhance operational efficiency and customer experience. iLending lends in all 50 U.S. states except Hawaii. CarMax Finance Number recently reflected steady credit portfolio growth, with Q1 FY2024 auto loan originations up 4.2% year-over-year. Analysts see this as a sign of consumer resilience amid rising interest rates, potentially supporting CarMax’s stock in the near term.