Earnings
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...
Carvana origination volume jumps 116% YoY as it pads inventory
Online used-car retailer Carvana has propped up its origination volume as it works to combat industrywide inventory challenges by tweaking...
Vroom hits record 81% of vehicles sold in Q3 sourced from consumers
Vroom saw increases in gross product revenue and gross profit per e-commerce unit and is addressing supply chain issues by...
Nissan raises profit outlook despite supply disruptions
Nissan Motor Co. raised its annual operating profit outlook, a promising sign the automaker is still on track to climb...
