<< Three Reasons To Buy ALLY >>
1,-Ally Financial price target raised to $31 from $27 at Piper Sandler 09/23 ALLY Piper Sandler analyst Kevin Barker raised the firm's price target on Ally Financial to $31 from $27 and reiterates an Overweight rating on the shares. The company recently gave updated numbers on the performance of the large amount of loans it has in deferral, which came in better than expected, Barker tells investors in a research note.
2,-Ally increases Carvana's loan purchase commitment by $1B 17:02 CVNA, ALLY Carvana (CVNA0 announced a $1.0B increase to its current loan sale program with Ally Financial (ALLY). This increase represents a total of $3.0B in commitment to fund Carvana customer loans since March 2020. In addition to the increased loan purchase commitment, Ally Financial has also increased its commitment to provide funding through Carvana's inventory floor plan from $950M to $1.25B and has extended the facility from October 2020 through March 2023.
3,-Current Quarter Estimates for ALLY
In the past 30 days, two estimates have gone higher for Ally Financial while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 34 cents a share 30 days ago, to 51 cents today, a move of 50.0%.
1,-Ally Financial price target raised to $31 from $27 at Piper Sandler 09/23 ALLY Piper Sandler analyst Kevin Barker raised the firm's price target on Ally Financial to $31 from $27 and reiterates an Overweight rating on the shares. The company recently gave updated numbers on the performance of the large amount of loans it has in deferral, which came in better than expected, Barker tells investors in a research note.
2,-Ally increases Carvana's loan purchase commitment by $1B 17:02 CVNA, ALLY Carvana (CVNA0 announced a $1.0B increase to its current loan sale program with Ally Financial (ALLY). This increase represents a total of $3.0B in commitment to fund Carvana customer loans since March 2020. In addition to the increased loan purchase commitment, Ally Financial has also increased its commitment to provide funding through Carvana's inventory floor plan from $950M to $1.25B and has extended the facility from October 2020 through March 2023.
3,-Current Quarter Estimates for ALLY
In the past 30 days, two estimates have gone higher for Ally Financial while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 34 cents a share 30 days ago, to 51 cents today, a move of 50.0%.