Carvana injects $881M into ABS market with two deals
Carvana has made its entry into the capital markets for the first time in this year with two deals totaling ...
Tag: Carvana
Carvana enjoys Q4 hike in finance GPU, origination volume
Online car retailer Carvana saw soaring finance gross profit per unit (GPU) and origination volume during the COVID-19 pandemic, fueled ...
Watch: What will it take to prop up subprime auto originations?
Subprime origination volume in the third quarter of 2020 continues to lag behind 2019 levels, driven by tightened credit boxes ...
Lenders eye 2021 expansion with new hires
The auto finance sector is on track for growth in 2021, if job listings are any indication. In fact, Auto ...
Carvana ratchets up finance GPU
Online retailer Carvana boosted its finance gross profit per unit (GPU) in the third quarter amid growing originations, largely due ...
Ally Financial boosts Carvana’s credit line, again
Ally Financial has once again added $1 billion to Carvana’s line of credit, putting the two companies’ purchase agreement at ...
Father, son used-car sellers get $5B richer in a day
Carvana Co. has yet to post a quarterly profit since going public in 2017, but it’s made Ernie Garcia II ...
Sink or swim: Covid pushes lenders toward online financing [Feature]
The coronavirus pandemic may be the catalyst that spurs lenders to dive into the untapped ocean of digital financing in ...
