Santander Consumer USA Holdings Inc. Reports Second Quarter 2020 Results
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Santander Consumer USA (SC) Misses Q2 EPS by 36c
July 29, 2020 6:17 AM EDTSantander Consumer USA (NYSE: SC) reported Q2 EPS of ($0.30), $0.36 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.97 billion.
Second Quarter of 2020 Highlights (variances compared to second quarter of 2019 ("Q2 2019"), unless otherwise noted
Total auto originations of $7.8 billion, down 7%Core retail auto loan originations of $2.1 billion, down 12%Chrysler Capital loan originations of $4.7 billion, up 36%Chrysler Capital lease originations of $989 million, down 61%Chrysler average quarterly penetration rate of 37%, from 36%Santander Bank, N.A. program originations of $1.7... More