Used-car worries subside for a day; Ally, Santander Consumer rally

|About: Ally Financial Inc. (ALLY)|By:, SA News Editor

A strong quarterly report from CarMax, including "just" a 1.6% decline in ASPs for used vehicles, and management optimism, has - for a day at least - chilled sizable jitters about the industry.

CarMax is leading the auto dealers higher, but also on the move are those who hold the paper on those cars: Ally Financial (ALLY +2.3%), Santander Consumer (SC +1.4%), Credit Acceptance (CACC +1.6%), Consumer Portfolio (CPSS +7.3%). More diversified, but still heavily into auto lending is Capital One (COF +0.2%).