Earnings
Axis Auto Finance originations top $115M in FY 2021
Canadian subprime lender Axis Auto Finance posted another year of growth for fiscal year 2021. Axis logged $115.2 million in...
Open Lending revenue jumps as new lenders join platform
Automation fintech Open Lending logged a jump in revenue and certified loans as auto lenders increasingly signed on to its...
CPS raises $50M in residuals financing on ABS market
The cost of funds continues to remain historically low in the asset-back securities market, prompting Consumer Portfolio Services on June...
Consumers ready to ride: Lyft, Uber see demand normalize in Q2
Active riders are returning to the market after the COVID-19 pandemic halted travel in 2020, according to second-quarter earnings reports...
Vroom’s ancillary product revenue soars 304% YoY in Q2
Vroom continues to focus on sourcing vehicles from consumers, a strategy that led to triple-digit growth in product revenue and...
Lordstown rises as struggling EV truckmaker keeps target date
Shares of Lordstown Motors Corp., the embattled electric vehicle startup, rose as the company held to its plan to start...
HyreCar looks to add 50K new cars into market by 2025
HyreCar is working to add thousands of vehicles to its platform per quarter following a record number of new drivers...
Shift Technologies F&I revenue surpasses $5M for first time
Shift Technologies’ finance and insurance revenue on e-commerce vehicles sold exceeded $5 million for the first time in the company’s...
