Losses widen for rideshare giants in 2Q
Both Uber and Lyft continue to struggle to become profitable enterprises, according to second-quarter earnings reports filed by the two ...
Tag: earnings
Carvana’s originations skyrocket in 2Q
Carvana’s second-quarter earnings were “the most successful quarter-to-date” for the finance platform, Chief Financial Officer Mark Jenkins said during the ...
GM Financial boosts originations, OEM talks autonomous in 2Q earnings
General Motors Financial Co. bolstered origination volume 6.5%, maintaining the captive’s growth momentum. The captive originated $13 billion of loans ...
CPS grows originations despite ‘exceedingly competitive’ market, CEO says
Consumer Portfolio Services' originations increased 16.5% in the second quarter, to $250.1 million, despite the fact that the industry is ...
Ford Credit loan performance offsets 2Q volume decline
Despite a decline in loan origination volume and lease penetration at Ford Motor Credit, Vice President and Chief Executive David ...
Newly minted Daimler Mobility to focus on ride-hailing
To coincide with its rebranding to Daimler Mobility AG, the captive lender formerly known as Daimler Financial Services intends to ...
Ally Financial expands used-car share, drives higher yields
Ally Financial's focus on used-vehicle originations is propping up its auto portfolio yields, according to the bank's second-quarter earnings report. ...
Bank of America’s direct lending portal gains traction
Bank of America’s technology initiatives continue to gain traction with consumers, according to second-quarter earnings filed with the Securities and ...
