Auto Loans

After two months of relative stability, new data from CarMax (NYSE:KMX) Auto Finance (CAF) shows a renewed uptick in loan delinquencies and net losses, raising concerns about credit quality across the used auto lender's portfolio. Wedbush analyst Scott Devitt reiterated CarMax with an Outperform...

The Federal Reserve cut interest rates for the first time in more than four years on Wednesday, opting to lower the rates by 50 basis points to a range of 4.75% to 5%. Here's a look at what the rate cuts could mean for consumers. What Happened: The Federal Reserve's decision to cut interest rates...

Despite enjoying a recession-free period longer than most anticipated, recent findings from a survey conducted by Bloomberg reveal that the U.S. consumer’s resilience might soon wane. Over half of the 526 participants of Bloomberg’s Markets Live Pulse Survey anticipate U.S. personal...

Rocket Companies Inc (NYSE: RKT) reported third-quarter financial results after market close Thursday. Here are the highlights from the report. What Happened: Rocket Companies reported adjusted third-quarter revenue of $3.16 billion, beating a street consensus of $2.93 billion. Quarterly earnings...

Rocket Companies Inc (NYSE: RKT) shares are up after reporting its second-quarter financial results. Here are the key takeaways from the report. What Happened: Rocket Companies reported second-quarter revenue of $2.79 billion, missing the Street estimate of $2.9 billion. Adjusted net income...

The parent company of Rocket Mortgage and Quicken Loans reported first-quarter earnings after close Wednesday. What Happened: Rocket Companies Inc's (NYSE: RKT) first-quarter adjusted revenue of $4 billion was up 91% year over year, beating consensus estimates of $3.97 billion....

After the huge IPOs from AirBnB Inc (NASDAQ: ABNB) and DoorDash Inc (NYSE: DASH) last week, the week of December 13 takes a slight breather with only three IPOs scheduled and one potential blockbuster. Upstart Holdings: Cloud-based lending company Upstart Holdings Inc (NASDAQ: UPST) plans...

The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness in the technology sector. Remember This: “While valuations have hinted to overstretched markets in the past, it’s tough to say where stocks should be trading right now. We just witnessed the...

Shares of Ally Financial Inc (NYSE: ALLY) have more than doubled in value since bottoming at $10.22 in March, but the stock "still has more room to run," according to Morgan Stanley. The Ally Financial Analyst Betsy Graseck maintains an Overweight rating on Ally Financial's stock with...

Ally Financial Inc (NYSE: ALLY) is scheduled to report fourth-quarter and full year 2017 results Jan. 30.  The Analyst Oppenheimer's Ben Chittenden initiated coverage of Ally Financial with an Outperform and $38 price target.  The Thesis Ally Financial is continuing to...

Stop me if you’ve heard this one before. Subprime auto lending has soared since the U.S. mortgage bubble burst back in 2008, and, predictably, default rates have started to follow suit. This week, 90-day auto loan delinquency rates eclipsed 3.8 percent, their highest levels since the...

The deterioration in U.S. auto credit is expected to continue in 2017, Fitch Ratings said in a report released in early April. Specifically, the firm sees auto asset-backed securities portfolios at risk. With subprime loan saga rearing its ugly head once again, auto lenders, as well as automakers...

Credit Acceptance Corp. (NASDAQ: CACC) shares are down more than 5.1 percent on Friday after Bloomberg reported that the Federal Trade Commission has requested information from the company regarding its use of ignition kill switches and GPS systems in debt collection. Kill switches in vehicles...

The auto industry could be in trouble, as CNBC reported delinquencies in subprime auto loans are on the rise. CNBC, citing data from Fitch Ratings, stated that delinquencies of at least 60 days for subprime auto loans have risen by 13 percent month-over-month in July and are higher by 17 percent...