Goldman Sachs Lowers Santander Consumer USA Holdings Inc (SC) Price Target to ...

Category: Auto Financing
Published: Monday, 18 January 2016
Written by Super User

Several institutional investors have recently made changes to their positions in the stock. Quantitative Systematic Strategies purchased a new position in shares of Santander Consumer USA Holdings during the fourth quarter valued at approximately $935,000. ING Groep raised its position in shares of Santander Consumer USA Holdings by 4.5% in the third quarter. ING Groep now owns 300,927 shares of the companys stock valued at $6,142,000 after buying an additional 13,008 shares during the period. Finally, Atria Investments raised its position in shares of Santander Consumer USA Holdings by 22.2% in the fourth quarter. Atria Investments now owns 18,388 shares of the companys stock valued at $258,000 after buying an additional 3,342 shares during the period.

A number of other analysts have also recently issued reports on SC. BMO Capital Markets reissued a buy rating on shares of Santander Consumer USA Holdings in a report on Thursday, September 17th. Zacks Investment Research raised Santander Consumer USA Holdings from a hold rating to a buy rating and set a $23.00 price objective on the stock in a report on Tuesday, September 29th. Deutsche Bank reissued a buy rating on shares of Santander Consumer USA Holdings in a report on Tuesday, October 6th. Credit Suisse dropped their price objective on Santander Consumer USA Holdings from $31.00 to $30.00 and set an outperform rating on the stock in a report on Thursday, October 8th. Finally, BTIG Research reissued a buy rating on shares of Santander Consumer USA Holdings in a report on Monday, October 19th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the companys stock. The stock currently has a consensus rating of Buy and a consensus target price of $24.68.

Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program, purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance, and origination and servicing.

Darcy Schanck Financial Author Explains Mortgages

Category: Auto Financing
Published: Sunday, 17 January 2016
Written by Super User

(Newswire.net -- January 14, 2016) -- Darcy Schanck works with complex investment issues for domestic and foreign investors, but he is also able to explain these complicated issues in simple terms so that the average person can make informed decisions about mortgages and investments. Now, his new book, Bankers Never Die . . . They Just Lose Interest, covers a number of financial topics including mortgages, financing chattles, debt consolidation and establishing credit. The book will be published in January of 2016.

Mr. Schanck begins the book with a comprehensive section on mortgages. Chapters with titles such as How to Qualify for a Mortgage, Bad Credit Mortgages, Reverse Mortgages and Subprime Mortgages help readers gain a larger understanding of the mortgage industry and how it actually works.

The book contains information on first and second mortgages as well as financing for business equipment and other items. There are also chapters on Auto Financing, How to Deal with Debt, How To Establish Credit, Debt Counseling and Bankruptcy.

Understanding how mortgages work is essential in choosing the right type of financing for your home or business, notes Mr https://....stralia/. Schanck. My book is designed to answer questions about mortgage financing in the simplest of terms so that there is no confusion about how to go about finding the best loans. I also discuss other financial topics that often generate questions among my clients. Mr. Schanck also discusses the benefit of working with an experienced mortgage broker and how this can help the borrower avoid some of the common pitfalls of the mortgage process.

To order a copy of Bankers Never Die . . . They Just Lose Interest, visit Amazon for your copy of Darcy Schanks book. For more information about Darcy Schanck and his work as a financial and mortgage advisor, visit his website at http://darcyschanckfinancial.com/.

About Darcy Schanck: Darcy Schanck has more than 25 years of experience as an independent financial consultant. He specializes in mortgages and other types of commercial financing. Mr. Schanck is the president and CEO of Darcy Schanck Financial and offers investors simple, effective advice on making good financial decisions.



Govt scheme, cheap finance boosts auto sale in July-Dec

Category: Auto Financing
Published: Saturday, 16 January 2016
Written by Super User

KARACHI: Vehicles sales rose almost 66 percent in the first half of the current fiscal year, thanks to government-backed taxi scheme, while consumers also took advantage of cheap financing, industry date shows on Monday.

Pakistan local car assemblers (including LCVs, vans and jeeps), however posted five percent declined month on month basis, said Pakistan Automotive Manufacturers Association (PAMA) said.

Analysts said the first half sales increased due to the taxi scheme, rise in auto financing owing to 42-year low interest rates, and overall improvement in economic situation in the country.

During July to December period, local vehicle sales stood at 111,720 units versus 67,426 units in the same period last fiscal.

In a recent development, Pak Suzuki has also increased prices by 1.0 percent owing to 1 percent hike in custom duty. To recall, both Indus Motors and Honda cars increased car prices in December 2015 by 1.0 percent to 1.5 percent. "Car assemblers passed-on cost hike quite easily due to strong demand in the country," said Muhammad Tahir Saeed, an auto analyst at Topline Securities.

"We now forecast local car sales to grow at 15 percent in FY16 to reach at 206,777 units. This lower growth is firstly due to the completion of the taxi scheme in Feb 2016 and secondly, due to the decline in Civic volumes in anticipation of the new model, which is expected to hit the market in July 2016," he said.

Pakistan's locally assembled car sales (including LCVs) declined by five percent to 18,150 units in December 2015, due to the seasonal slowdown, as buyers tends to defer car purchases until new year.

On year on year basis, car sales are still 66 percent higher because of Punjab government's taxi scheme and stronger Indus Motors and Honda Atlas Car sales.

During December 2015, Pak Suzuki Motors sales doubled to 12,384 vehicles on the back of higher Ravi sales (184 percent to 3,690 units) and Bolan (up 151 percent to 3,190 units). In addition, Mehran sales also grew by 37 percent to 2,870 units.

Indus Motors sales improved by 16 percent to 4,738 vehicles owing to 11 percent higher Corolla sales to 4,297 units and 106 percent more Hilux sales to 400 Sport Utility Vehicles (SUVs). Similarly, Honda sales are up 49 percent to 1,028 cars in December 2015 compared to 690 cars the same period last year.

Tractor sales, on the other hand, declined by 60 percent year on year to 957 units, jointly blamed on 51 percent lower sales of Millat Tractors-only 774 tractors, and 81 percent lower sales by Al-Ghazi Tractors, to 144 tractors. Seasonal down cycle, low farmer income and anticipated subsidy schemes are the major culprit behind the slowdown.

Heavy Commercial Vehicles (HCVs) sales grew by 48 percent to 530 units, mainly due to 70 percent higher HINO and 60 percent more Gandhara Industries sales. Gandhara Nissan sales were 84 trucks, showing an improvement of 42 percent in December 2015.

In the first half FY16, PSMC sales improved by 97 percent to 70,482 cars while 33 percent improvement has been witnessed in INDU sales to 30,481 vehicles.

Auto analyst Hasan Azhar of Taurus Securities said tractor sales have slowed down by 41 percent as buyers/farmers are awaiting the implementation of the government announced subsidised tractor scheme. 



Santander Consumer USA Holdings Inc (SC) Price Target Cut to $18.50 by ...

Category: Auto Financing
Published: Thursday, 14 January 2016
Written by Super User

A number of other equities analysts also recently issued reports on SC. BMO Capital Markets reiterated a buy rating on shares of Santander Consumer USA Holdings in a research note on Thursday, September 17th. Zacks Investment Research upgraded shares of Santander Consumer USA Holdings from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research note on Tuesday, September 29th. Deutsche Bank reiterated a buy rating on shares of Santander Consumer USA Holdings in a research note on Tuesday, October 6th. Credit Suisse dropped their price objective on shares of Santander Consumer USA Holdings from $31.00 to $30.00 and set an outperform rating on the stock in a research note on Thursday, October 8th. Finally, BTIG Research reiterated a buy rating on shares of Santander Consumer USA Holdings in a research note on Monday, October 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the companys stock. The stock presently has a consensus rating of Buy and a consensus price target of $25.27.

An institutional investor recently raised its position in Santander Consumer USA Holdings stock. ING Groep raised its position in Santander Consumer USA Holdings Inc (NYSE:SC) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The hedge fund owned 300,927 shares of the companys stock after buying an additional 13,008 shares during the period. ING Groep owned about 0.08% of Santander Consumer USA Holdings worth $6,142,000 as of its most recent SEC filing.

Santander Consumer USA Holdings Inc. is a holding company. The Company is a specialized consumer finance company focused on vehicle finance and unsecured consumer lending products. The Company offers various auto financing products and services to Chrysler customers and dealers under the Chrysler Capital brand. These products and services include consumer retail installment contracts and leases, as well as dealer loans for inventory, construction, real estate, working capital and revolving lines of credit. The Company also originates vehicle loans through a Web-based direct lending program, purchases vehicle retail installment contracts and services automobile and recreational and marine vehicle portfolios for other lenders. Its products and services include vehicle finance, and origination and servicing.