Santander Consumer USA Holdings Inc. (SC - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $20.62 to $21.96 in the past one-month time frame.
The move came after the company announced that its board of directors have authorized a share repurchase of up to $400 million of its common stock. This is an addition to the $200 million inaugural share repurchase program completed by the company in January 2019.
The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for Santander Consumer. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Santander Consumer currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Santander Consumer USA Holdings Inc. Price
A better-ranked stock in the Financial - Consumer Loans industry may consider Enova International, Inc. (ENVA - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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