Possible Big Sale for Texas Auto Lender

A private‑equity group is weighing the idea of selling a Texas‑based auto loan company that helps people buy cars on credit. The buyer could pay between $2. 5 billion and $3 billion, sources say. The company was bought by the group in 2021 from another major investor for an undisclosed sum. It works with more than 15, 000 dealerships and serves over 650, 000 customers across the United States. In a recent statement, it reported that its loan portfolio is worth more than $10 billion. The firm focuses on “flexible financing” for customers who purchase vehicles through both franchised and independent dealers. It was founded in 2006 in Irving, Texas, and has grown steadily over the past decade.The sale talks are still in progress; no final decision has been made and the price could change. The private‑equity firm is also investing $1 billion in a food company this month, showing it is looking for growth opportunities in several sectors. If the sale goes through, it would be a significant move in the subprime auto‑financing market and could reshape how consumers get car loans. Investors are watching closely to see whether the deal will close and what it means for the industry.