Earnings
Trinity Capital’s equipment financing portfolio up 9.6% YoY
Trinity Capital grew its equipment financing portfolio in 2022 amid record commitments and deployments. Equipment financing investments totaled $29 million...
Retailers see triple-digit increase in floorplan expense
Floorplan interest expense increased at publicly traded auto retailers with three retailers tallying triple-digit year-over-year increases, while finance and insurance...
Open Lending cert volume down 19% YoY
Automation fintech Open Lending’s certification volume fell again in the fourth quarter as the company works to address affordability concerns...
Vroom e-commerce finance profit jumps 140% YoY
Vroom’s finance and insurance profit increased 140% year over year in the fourth quarter, propping up the retailer’s gross profit...
Carvana further cuts inventory in Q4 to support profitability
Carvana cut inventory levels again in the fourth quarter and plans for additional trimming as the retailer continues to be...
Lucid increases production guidance for 2023
Luxury EV manufacturer Lucid Motors increased its production guidance for 2023 as manufacturing and deliveries ramped up in the fourth...
Kubota NA financing income jumps as inventory improves
Kubota Corp.’s North American financing income jumped as the Japanese OEM raised prices to combat continued inventory constraints. North American...
Tight financing spreads push down John Deere Capital income
Less favorable financing spreads pushed down John Deere Capital Corp.’s net income in the first quarter of fiscal 2023, prompting the...
