Axis Auto Finance (TSE:AXIS) has released an update.
Axis Auto Finance Inc. reported a mixed financial performance for Q3 2024 with total originations at $21.2 million, led by a decrease in automotive loan originations and a decline in equipment finance volumes. The company’s revenues remained stable at $9.7 million compared to the previous year, while they managed to reduce their adjusted loss to $1.4 million from $3.9 million in the same quarter last year. Despite tighter credit and underwriting parameters, Axis continues to navigate the financial technology space for Canadian used vehicle purchases and financing.
For further insights into TSE:AXIS stock, check out TipRanks’ Stock Analysis page.
