Earnings
Wells Fargo Auto originations drop 11% YoY
Wells Fargo Auto tightened credit amid continued pricing competition in the second quarter as origination volume slowed and the bank’s...
Chase Auto originations up 71% YoY
Chase Auto’s origination volume jumped in the second quarter, even as other banks stepped back from auto finance. Photographer:...
CarMax Auto Finance provisions rise 40% YoY
CarMax Auto Finance increased its credit loss provisions in its fiscal year 2024 first quarter due to “unfavorable” portfolio performance...
Carvana shares soar on forecast of improved financial results
Shares in used-car retailer Carvana Inc. soared as much as 32% in premarket trading after the struggling company said its...
Upstart signs on first retail lending partner
Artificial intelligence-based lending platform Upstart has signed on its first outside lending partner for its auto retail product as the...
Open Lending certified loan volume drops 26% YoY
Automation fintech Open Lending posted a decline in certified loan volume for the fourth consecutive quarter as banks and credit...
Vroom F&I profit up 131% YoY
Vroom’s finance and insurance profit ticked up in the first quarter as overall e-commerce gross profit benefited from units held...
Listen: Weekly Wrap discussion on Ford Credit, Carvana earnings
Carvana and Ford Credit are having very different experiences in the capital markets, illustrating the volatile nature of the securities...
