Capital & Funding
Ally Financial boosts Carvana’s credit line, again
Ally Financial has once again added $1 billion to Carvana’s line of credit, putting the two companies’ purchase agreement at...
Father, son used-car sellers get $5B richer in a day
Carvana Co. has yet to post a quarterly profit since going public in 2017, but it’s made Ernie Garcia II...
Floorplan lenders tweak securitization structures for ABS comeback
Loan- and lease-backed volume resumed in mid-April after the auto securitization market ground to a halt in March, but floorplan...
Vroom prices follow-on offering
Vroom, an online used-car retailer, plans to sell an additional 10.8 million shares of its common stock at $54.50 in...
Tesla to sell as much as $5B of shares after rally
Tesla Inc. plans to sell as much as $5 billion of shares, capitalizing on its high-flying price and on a...
Powell’s Fed shifts to more relaxed approach to fight inflation
Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on...
Weekly Wrap: Digital financing, auto ABS and subprime rates
This week, the news cycle was dominated by the Democratic National Convention and former Vice President Joe Biden’s presidential nomination...
Auto ABS: A look at the industry’s golden goose [Feature]
The auto asset-backed securities market has long been known for its resiliency. During the credit crisis, securitized pools of auto...
