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Upstart Holdings Inc - UPST STOCK NEWS

Welcome to our dedicated news page for Upstart Holdings (Ticker: UPST), a resource for investors and traders seeking the latest updates and insights on Upstart Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Upstart Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Upstart Holdings's position in the market.

Rhea-AI Summary
Liberty Savings Bank partners with Upstart to offer personalized loans to customers, enhancing access to affordable credit
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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Rhea-AI Summary
Upstart, a leading AI lending marketplace, has been chosen by Kia as the exclusive technology provider for the launch of the new Kia EV9 SUV in the US. Upstart's Build & Price Reservations system allows customers to reserve, deposit, and customize their vehicle online. This partnership aims to enhance the car-buying experience for Kia dealers and customers alike.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.03%
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none
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Rhea-AI Summary
Upstart Holdings, Inc. (UPST) announced Q4 and fiscal year 2023 financial results, showing a 4% revenue increase sequentially but a 39% decrease annually. Despite challenges, the company improved efficiency and profitability. Key metrics include a 17% contribution profit increase in Q4 and an adjusted EBITDA of $0.6 million. For FY 2023, total revenue was $514 million, with a 63% contribution margin. The company expects $125 million in revenue for Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.62%
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earnings
Rhea-AI Summary
Upstart (NASDAQ: UPST) announces nationwide expansion of auto retail financing capability to reach 90% of U.S. consumers by Q1 2024, with interest rates at 20-year highs. Dealers can approve more borrowers with a 50% higher gross, enhancing the digital-first experience. The platform's enhanced features enable a faster sales process and higher lead-to-sale conversion rates, with integrations to leading Dealer Management System (DMS) solutions and a unified digital desking and reporting system. Over 700 dealers are already benefiting from these features.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.39%
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AI
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Rhea-AI Summary
Upstart Holdings, Inc. (NASDAQ: UPST) will release its fourth quarter and fiscal year 2023 business and financial results on February 13, 2024, followed by a conference call and live webcast. The earnings press release and investor presentation will be available on Upstart’s investor relations website. The live webcast will be accessible on the website, with an archived webcast available after the conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.66%
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conferences earnings
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Rhea-AI Summary
Maine Savings (NASDAQ: UPST) partners with Upstart to provide personal loans, aiming to improve the financial well-being of its members and offer a modern, digital-first personal lending experience. The partnership allows Maine Savings to lend to more creditworthy borrowers across their community while expanding their membership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
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Rhea-AI Summary
Mutual Security Credit Union (MSCU) partners with Upstart (NASDAQ: UPST) to provide personal loans, aiming to extend their reach and provide a modern, digital-first experience to drive more inclusive lending within the community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.31%
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Rhea-AI Summary
High Point Federal Credit Union (NASDAQ: UPST) partners with Upstart to offer personal loans, aiming to provide a modern, digital-first experience for new members seeking financial assistance. The partnership allows qualified personal loan applicants on Upstart.com to receive tailored offers and seamlessly transition into a High Point Federal Credit Union-branded experience to complete the online member application and closing process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
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Rhea-AI Summary
REGIONAL Federal Credit Union (NASDAQ: RFCU) partners with Upstart to expand personal loan access in Northwest Indiana. The collaboration aims to reach non-members, providing a modern, digital-first experience for qualified loan applicants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.24%
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none
Rhea-AI Summary
Upstart Holdings, Inc. (NASDAQ: UPST) Announces Q3 2023 Financial Results, Revenue Down 14% Year-over-Year, Adjusted EBITDA of $2.3 million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.3%
Tags
earnings
Upstart Holdings Inc

Nasdaq:UPST

UPST Rankings

UPST Stock Data

2.43B
74.81M
15.37%
50.19%
31.95%
Credit Card Issuing
Finance and Insurance
Link
United States
San Mateo

About UPST

founded by ex-googlers, upstart is the first lending platform to leverage artificial intelligence and machine learning to price credit and automate the borrowing process. upstart has demonstrated unparalleled credit performance and the industry’s highest consumer ratings. in addition to its direct-to-consumer lending platform, upstart provides technology to banks, credit unions and other partners via a saas offering called powered by upstart. learn more about upstart at https://www.upstart.com/about. find out how to join the team here at https://www.upstart.com/careers!