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CarMax Earns Workplace Honor Featured

Thursday, 09 March 2017 20:45

CarMax Inc. has been named by Fortune magazine as one of its 100 Best Companies to Work For for the 13th year in a row.

CarMax ranks No. 77 for 2017.

CarMax is currently hiring for more than 2,000 positions in existing and new locations across the country.

The majority of open store positions are in sales, with additional positions in service (detailers, experienced technicians), purchasing and the business office. Positions range from full to part-time, with day and evening shifts available.

Opportunities are also available at CarMax Auto Finance in Atlanta, and at the CarMax Home Office and CarMax Shockoe locations in Richmond, Va.

Some of the areas with a large number of job openings include: Los Angeles and Sacramento, Calif.; Baltimore, Md.; Richmond, Va.; Boston; Portland, Ore; and Atlanta.

 

 

Copart Adds Facility Featured

Tuesday, 07 March 2017 20:35

Copart Inc. announced the addition of its Okeechobee, Fla. location.
This facility is located between Orlando, Tampa and Miami, and it will serve as a standby location specifically for catastrophic events.
This standby location in Okeechobee follows Copart opening its 13th Florida full-service facility in January. In 2017, Copart has also opened locations in Casper, Wyo., and Denver, along with the expansion of existing locations in San Jose, Calif., Chicago, San Diego, and Springfield, Mo.

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Experian Joins Lender Association Featured

Tuesday, 07 March 2017 00:01

Experian has joined the Marketplace Lending Association as an associate member.  
This professional trade association was formed in 2016. The goals of the MLA are to promote a transparent, efficient, and customer-friendly financial system by supporting the responsible growth of marketplace lending, fostering innovation in financial technology, and encouraging sound public policy at the state and federal level.
Experian is already an active partner with many of the nation's leading marketplace lenders, providing powerful data, analytics and consulting services to consumer and small-business lenders.

America’s Car-Mart Works to Overcome Problems Featured

Thursday, 02 March 2017 19:58

America’s Car-Mart is taking to steps to improve its performance by creating new positions within the struggling buy-here, pay-here chain.

Car-Mart recently announced net income of $2.8 million for the quarter ended Jan. 31.

That was down from net income from $5 million in the quarter ended Oct. 31 and down from net income of $4.1 in same period  a year ago.

America’s Car-Mart CEO William H. (“Hank”) Henderson said company executives were “a little disappointed with our top line for the quarter.” He placed part of the blame on a competitive marketplace and a delayed start to tax season.

Still, the company is taking steps to address some of it internal shortcomings.

One of those steps is hiring an outside firm to help in conducting “a top-to-bottom review” of the company’s overall sales and marketing efforts.

America’s Car-Mart also recently added a position, with support staff, to work with field operators to improve credit results.

“This team has been instrumental in developing tools to give management better visibility toward efficiencies and the effectiveness of our account representatives as they work to improve customer success rates,” Henderson said.

America’s Car-Mart also recently created a general manager recruitment and advancement team.

The problems facing the company are slowing its growth. Car-Mart last opened a new store in December of 2015. Car-Mart is in the process of closing three dealerships and Henderson said the company anticipates closing a few more locations in the near future.

“We continue to believe that we can add new dealerships again at some point in the future when we begin to see the anticipated improvements within our current dealership base,” Henderson said.

Average Refunds Higher, But Total Refunds Lower

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NABD Honors CFO

NABD Honors CFO

The National Alliance of Buy-Here, Pay-Here Dealers has inducted several high-profile operators into its Hall of Fame. But this year the NABD took the opportunity to honor somebody who played...

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