Santander Consumer USA (SC) Crumbles: Stock Falls by 7.1%
Santander Consumer USA Holdings Inc. (SC) saw a big move last session, as the company’s shares fell by over 7 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for SC, as the stock is now up nearly 10% since Nov 5.
This slump shouldn’t be too much of a surprise to investors, as the Financial Loans provider has seen 7 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
SC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the Financial Loans industry include Ally Financial Inc. (ALLY), Credit Acceptance Corp. (CACC) and Navient Corporation (NAVI). While Ally Financial and Credit Acceptance carry a Zacks Rank #1 (Strong Buy), Navient holds a Zacks Rank #2 (Buy).
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SANTANDER CONSUMER USA HOLDINGS (SC): Free Stock Analysis Report
ALLY FINANCIAL INC (ALLY): Free Stock Analysis Report
NAVIENT CORP (NAVI): Free Stock Analysis Report
CREDIT ACCEPTANCE CORP (CACC): Free Stock Analysis Report
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