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During 1Q17, $KMX's ending allowance for loan losses at $104MM was 1.05% of ending managed receivables vs. 0.94% in 1Q16 & 0.99% in 4Q16. For loans originated in the quarter, the weighted average contract rate charged to customers was 7.5% similar to 7.4% in 1Q16. Total interest margin fell to 5.9% of average managed receivable vs. 6.3% in 1Q16.
Wow! $MCD scores again.