Buy Here Pay Here News

Carvana Co. made a nice gift to its employees last year, but it makes the company’s quarterly results a little harder to read. In September, Carvana gave away $35 million…
CarMax Inc. opened a new store in Kenner, La. This is the company’s first in the New Orleans area and fourth in the state. CarMax Kenner is located at 1601…
Carvana Co. strengthened its presence in the southeast by expanding into Hilton Head Island, S.C., Tuscaloosa, Ala., Athens, Ga., and Savannah, Ga. Savannah is the company’s 100th market. To celebrate…
Copart Inc. reported higher returns in the fourth quarter. The salvage auction chain saw revenue rise to $484.9 million; gross profit rose to $208.2 million; and net income rose to…
Sonic Automotive Inc’s EchoPark used-car stores retailed 8,762 units during the fourth quarter. EchPark’s Houston store opened on Dec. 7 and was the company’s best EchoPark store opening to date.…
Carvana Co. has launched in five additional Northeast markets. Carvana now operates in: Westchester County, N.Y.; Barnstable, Mass.; Norwich, Conn.; Atlantic City, N.J.; and Trenton, N.J. With this expansion, Carvana…
Copart Inc. recently announced the opening of two new locations. One is located at 8650 Antelope North Road in Antelope, Calif. This facility conducts online vehicle auctions every Thursday at…
CarMax Inc. has been named by Fortune magazine as one of its 100 Best Companies to Work For the 15th consecutive year. CarMax ranks 33 for 2019. CarMax is currently…
Tax season is the annual high point of sales for most buy-here, pay-here dealers. Unfortunately, six months later comes the high point for repossessions. It’s classic high-risk, high-reward proposition. But…
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