Financial News

Gettacar, an online car buying start-up, announced $25 million in funding, bringing the total raised to $48 million. The round was led by 3L and Luxor Capital, with additional participation…
Cars.com, a digital marketplace and solutions provider for the automotive industry, reported a slight uptick in revenue when it released its financial results for the fourth quarter and year ended…
Trade X, a global B2B automotive trading platform that allows the entire B2B automotive ecosystem, including OEMs, fleet and car dealers to buy and sell pre-owned vehicles in a compliant…
LendingTree, an online financial services marketplace, has announced that is launching an indirect auto lending platform, which will enable consumers to shop and compare pre-qualified indirect auto loan rates on…
Group 1 Automotive Inc., a Fortune 500 automotive retailer, declared a cash dividend of $0.31 per share for the fourth quarter of 2020. The dividend, which represents an increase of…
The auto loan default rate was down eight basis points to 0.56 percent according to data from S&P Dow Jones Indices and Experian through January 2021 for the S&P/Experian Consumer…
Sonic Automotive reported financial results for the fourth quarter and full year ended Dec.31, 2020. The financial measures discussed below are results for the fourth quarter of 2020 compared to…
Santander Consumer USA Holdings Inc. has named Bruce Jackson as head of Santander Auto Finance, effective April 28, 2021. Jackson will join the SC leadership team and report directly to…
HyreCar Inc, a carsharing marketplace for ridesharing, food, and package delivery services, announced that it completed a previously announced underwritten public offering of an aggregate of 2.53 million shares of…
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