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MarketScreener Homepage  >  Equities  >  Nyse  >  Ally Financial Inc.    ALLY

ALLY FINANCIAL INC.

(ALLY)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 11/24 01:53:33 pm
30.765 USD   +3.03%
11/18ALLY FINANCIAL : to present at Goldman Sachs US Financial Services Conference
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11/16ALLY FINANCIAL INC. : Other Events (form 8-K)
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11/12Financials Down With Treasury Yields -- Financials Roundup
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Ally Financial : Online Automotive Retailer Vroom Announces Extension of Floorplan Commitment from Ally Financial

10/06/2020 | 08:03am EST

NEW YORK, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Vroom (www.vroom.com), a leading ecommerce platform for buying and selling used vehicles, today announced an extension of its $450 million inventory financing agreement with Ally Financial Inc. (NYSE: ALLY), a leading digital financial services company. Ally has provided Vroom floorplan financing, which supports Vroom’s continued national growth as it transforms the used vehicle industry, since 2016. The amendment extends the original agreement from March 2021 to September 2022.

"We have seen tremendous growth in our business and overall demand as consumers increasingly shift to online buying and selling options," said Dave Jones, Chief Financial Officer at Vroom. "We're thrilled to have Ally's continued vote of confidence through this extended agreement, giving us the ability to increase the depth and diversity of our inventory and scale our business for years to come."

“Automotive retailers come to Ally because our extensive auto experience enables us to find solutions that help them scale,” said Doug Timmerman, president of Auto Finance for Ally. “Vroom has made great strides this year and we’re excited to extend our financing relationship to continue supporting the company’s inventory acquisition efforts and growth strategy.”

Since 2012, Vroom has been offering thousands of low-mileage, reconditioned vehicles with delivery directly to consumers through its ecommerce platform. It also arranges financing through leading lenders and offers warranty, insurance and other value-added products that provide convenience for its customers.

About Vroom:
Vroom is an innovative, end-to-end ecommerce platform that offers a better way to buy and a better way to sell used vehicles. The company’s scalable, data-driven technology brings all phases of the vehicle buying and selling process to consumers wherever they are and offers an extensive selection of vehicles, transparent pricing, competitive financing, and contact-free, at-home pick-up and delivery.

Moxie Communications Group
Alyssa Galella, 562-294-6261
vroom@moxiegrouppr.com


VROOM_LOGO_RED_RGB.png

Source: Vroom, Inc.

2020 GlobeNewswire, Inc., source Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
ALLY FINANCIAL INC. 3.35% 30.8418 Delayed Quote.-2.29%
VROOM, INC. 0.86% 37.56 Delayed Quote.0.00%
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More news
Financials (USD)
Sales 2020 6 374 M - -
Net income 2020 764 M - -
Net Debt 2020 113 B - -
P/E ratio 2020 14,7x
Yield 2020 2,56%
Capitalization 11 163 M 11 163 M -
EV / Sales 2020 19,4x
EV / Sales 2021 19,1x
Nbr of Employees 8 700
Free-Float 74,2%
Chart ALLY FINANCIAL INC.
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Technical analysis trends ALLY FINANCIAL INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 34,50 $
Last Close Price 29,86 $
Spread / Highest target 34,0%
Spread / Average Target 15,5%
Spread / Lowest Target -6,23%
EPS Revisions
Managers
NameTitle
Jeffrey Jonathan Brown Chief Executive Officer & Director
Franklin W. Hobbs Chairman
Jennifer LaClair Chief Financial Officer
Sathish Muthukrishnan Chief Information, Data & Digital Officer
Mayree Carroll Clark Independent Director
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