Earnings
Carvana posts triple-digit origination growth YOY
Carvana’s originations hit $1.9 billion in the third quarter, a 115% year-over-year increase. Third-quarter revenue increased 105% to $1.1 billion,...
Toyota to buy back $1.8 billion in shares as profit tops estimates
Toyota Motor Corp.’s quarterly profit topped analysts’ estimates thanks to healthy sales of RAV4s in the U.S. and Corollas at...
Santander increases Chrysler penetration rate to 36%
Santander Consumer USA drove up its Chrysler Capital loan origination volume and quarterly penetration rate during the third quarter, an...
You’re welcome: The Fed gifts a strong auto finance sector
Apparently, Halloween is the new Christmas in auto finance. Yesterday, the Federal Reserve gifted the industry a 25-basis-point interest rate...
Ford Credit increases cash distribution
Ford Motor Credit increased its cash distribution to Ford Motor Co., injecting $1.1 billion into the OEM, compared with $700...
Daimler edges past torrid few months to see strong rest of year
Daimler AG showed signs of moving past a rough few months marred by two profit warnings by predicting a strong rest of...
SunTrust grows loan portfolio as merger with BB&T awaits DOJ approval
SunTrust Banks’ indirect and direct consumer portfolios increased by double digits as the bank continues to aim for a fourth-quarter...
FASB extends accounting deadline — for some
Smaller banks and credit unions now have until 2023 to comply with the Financial Accounting Standards Board’s new credit loss...
