Earnings
Sparse vehicle supply pushes Chase Auto originations down 23% YoY in Q4 21
Limited inventory in the new- and used-vehicle markets pushed down Q4 2021 origination volume at Chase Auto as average loan...
CarMax Auto Finance NIM jumps amid uptick in originations
CarMax Auto Finance (CAF) posted an increase in origination volume and net interest margin in the third quarter of the...
BRP sales decline 20% despite new product launch
Canadian powersports manufacturer BRP’s sales fell in the third quarter as ongoing supply chain issues continue to suppress product availability...
RumbleOn looks to standardize tech platform, pushes captive offerings
RumbleOn is rolling out RumbleOn Finance across its acquisitions as the company works to standardize its technology platform and increase...
Lucid Motors pads liquidity as car reservations roll in
Lucid Motors is flush with capital on the heels of its SPAC offering as reservations for its Air model continue...
Shift F&I revenue increases as it prioritizes direct from consumer purchasing
Shift Technologies increased its finance and insurance (F&I) revenue and e-commerce sales as it continued to expand its national footprint in the third quarter. The e-commerce platform’s “other revenue,” which includes F&I,...
Upstart reports 348% growth in Q3 loan originations
Artificial intelligence (AI)-based lending platform Upstart reported triple-digit growth and profits during Tuesday’s third-quarter earnings call, with auto loans growing...
Open Lending logs 138% YoY jump in certified loans, increased refi penetration
Automation fintech Open Lending posted year-over-year increases in its certified loans despite industry headwinds as refinance volume grew and more credit...
