Credit Corp does some auto lending under the consumer lending division. Recently they mentioned that they've capped this product as they believe the current macro environment - still elevated but declining second hand car prices, slowing economy - is not conducive environment for success. They prefer to be allocating capital to the consumer lending product which is shorter-term in nature, so they have more agility to respond to changing conditions.
SVR Price at posting:
$1.62 Sentiment: None Disclosure: Not Held
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