Shares of Santander Consumer USA (NYSE:SC) surged 10% after the company reported Q1 results.Quarterly Results Earnings per share decreased 101.43% year over year to ($0.01), which beat the estimate of ($0.12).Revenue of $2,029,000,000 higher by 6.06% year over year, which beat the estimate of $2,020,000,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 28, 2020View more earnings on SCTime: 10:05 AM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestors.santanderconsumerusa.com%2Fhome%2Fdefault.aspx&eventid=2161166&sessionid=1&key=3F18BF23627570485E8CBDD087D12B1B®Tag=&sourcepage=registerTechnicals Company's 52-week high was at $27.7552-week low: $9.74Price action over last quarter: down 45.90%Company Description Santander Consumer USA Holdings Inc is a US-based consumer finance company focused on vehicle finance and third-party servicing. Its core business is the indirect origination of retail installment contracts, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. The company operates its business in one reportable segment i.e. Consumer Finance which includes vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, RVs, and marine vehicles. It also includes personal loan and point-of-sale financing operations. The company's revenue consists of lease payment received, installments and other income.See more from Benzinga * Omnicom Group: Q1 Earnings Insights * Nucor: Q1 Earnings Insights * Xerox Holdings: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Q1 2020 Santander Consumer USA Holdings Inc Earnings Call

Santander Consumer USA Holdings Inc. (NYSE:SC), which is in the consumer finance business, and is based in United...

Image source: The Motley Fool. Santander Consumer USA Holdings Inc (NYSE: SC)Q1 2020 Earnings CallApr 30, 2020, 8:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning and welcome to the Santander Consumer USA Holdings First Quarter 2020 Earnings Conference Call.

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Santander Consumer (SC) agrees to a settlement of $550 million with the states over subprime auto lending malpractices.

Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors is investigating possible violations of federal securities laws on behalf of investors of Santander Consumer USA Holdings Inc. (“Santander” or the “Company”) (SC). Santander is a provider of financing, refinancing, and cash back refinance services for new and used vehicles. On May 19, 2020, Santander announced that it has reached a settlement with a group of 34 state attorneys general worth $550 million over shady subprime auto loan lending practices.

Vroom (www.vroom.com), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced a multi-year strategic preferred lending relationship with Santander Consumer USA, a full-service consumer finance company focused on vehicle finance and third-party servicing. The partnership is designed to enhance Vroom’s customer experience through a streamlined financing process and competitive lending rates. The new relationship will make it even easier for Vroom customers of all profiles to obtain auto loan financing. The two companies have begun operationalizing the partnership and will continue to refine and enhance aspects of it through 2020.

Santander Consumer USA Holdings Inc. (NYSE: SC) has postponed its earnings call due to a vendor outage. The conference call will be rescheduled with details to follow as soon as possible.

Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company") today announced net income for the first quarter ended March 31, 2020 ("Q1 2020") of $(4) million, or $(0.01) per diluted common share. The quarter included $442 million of incremental allowance for credit loss primarily driven by macroeconomic factors and COVID-19, approximately $0.81 per diluted common share.

The Dallas-based lender was accused of writing car loans it knew would have “an unacceptably high probability of default”. The listed company is majority owned by Spain’s Banco Santander. Among the allegations are claims Santander’s “aggressive pursuit of market share” led it to turn “a blind eye to dealer abuse”, such as falsified information about the financial health of borrowers.

To address the impact of the COVID-19 pandemic, Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC"), announced today that the Santander Consumer USA Inc. Foundation has made charitable grants totaling $1.3 million to 18 nonprofit organizations in the communities in which SC operates.

Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC") Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC") has made modifications to its previously scheduled 2020 Earnings Release Dates. Please note that there has been a change to the Q1 and Q2 reporting dates.

Santander Consumer (SC) delivered earnings and revenue surprises of 90.00% and -0.56%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC"), today issued the following statement regarding its voluntary settlement with 33 states and the District of Columbia, which alleged that auto loans that SC funded through certain automobile dealers dating back to 2010 violated consumer protection laws because of the high risk that certain borrowers would default:

Santander US ("Santander") announced today that it is taking important steps across its businesses to assist and support its customers, employees and communities impacted by the Coronavirus pandemic. In addition, Santander has taken numerous precautionary measures to help mitigate the risk of contagion.

Is Santander Consumer USA Holdings Inc. (NYSE:SC) a good dividend stock? How can we tell? Dividend paying companies...

Santander Consumer USA ("SC") and Chrysler Capital today announced several initiatives to support customers and colleagues as the spread of Coronavirus (COVID-19) affects our communities.

Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company") has rescheduled its earnings call due to a conference call provider network outage. Please see the call details below.

Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC", "we" or the "Company") today announced that due to the public health concerns relating to the coronavirus (COVID-19) pandemic, and to protect the health and safety of its shareholders, employees and other stakeholders, the Company's 2020 Annual Meeting of Shareholders (the "Annual Meeting") will be a virtual meeting, which will be held as a live audio webcast, instead of an in‑person meeting as previously announced. The Annual Meeting will be held Wednesday, June 10, 2020 at 11:00 A.M. Central Time, as previously scheduled. The business items to be considered at the Annual Meeting also remain the same. Shareholders will not be able to attend the meeting in person.