v3.26.1
Auto Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Auto Loans Receivable
The components of auto loans receivable, net of third-party unearned discounts and allowances for expected credit losses, at June 30, 2026, and December 31, 2025, are as follows:
June 30,
2026		December 31,
2025
Total auto loans receivable$2,667.6 $2,209.9 
Accrued interest and fees15.7 14.1 
Deferred loan origination costs15.6 11.8 
Less: unearned discounts— (0.2)
Less: allowances for expected credit losses(109.8)(95.4)
Auto loans receivable, net$2,589.1 $2,140.2 
Financing Receivable Credit Quality Indicators
The following tables present auto loans receivable as of June 30, 2026, and December 31, 2025, disaggregated by major credit program tier, in descending order of highest likelihood of repayment:
Fiscal Year of Origination
As of June 30, 2026
Weighted Average FICO Score
20262025202420232022Prior to 2022Total
Credit Program Tier(1):
Palladium
734$362.2 $463.8 $101.5 $— $— $— $927.5 
Rhodium
691331.0 309.9 79.3 8.2 — — 728.4 
Platinum650168.3 426.5 287.3 40.4 0.7 1.1 924.3 
Gold6225.2 20.2 34.0 10.8 0.4 1.9 72.5 
Silver5741.2 2.4 0.2 5.7 0.4 0.9 10.8 
Bronze5480.6 0.9 — 1.8 0.1 0.3 3.7 
Copper537— 0.2 — 0.1 — 0.1 0.4 
Total auto loans receivable$868.5 $1,223.9 $502.3 $67.0 $1.6 $4.3 $2,667.6 
Current-period gross write-offs$1.2 $27.6 $23.0 $7.1 $0.2 $0.8 $59.9 
Fiscal Year of Origination
As of December 31, 2025
Weighted Average FICO Score
20252024202320222021Prior to 2021Total
Credit Program Tier(1):
Palladium
732$569.6 $127.0 $— $— $— $— $696.6 
Rhodium
695369.6 98.9 10.9 — — — 479.4 
Platinum651513.1 359.0 52.5 1.0 1.8 0.3 927.7 
Gold62325.5 43.3 14.7 0.6 3.1 0.5 87.7 
Silver5753.0 0.2 7.8 0.5 1.7 0.2 13.4 
Bronze5481.0 0.1 2.3 0.1 0.9 0.1 4.5 
Copper5490.3 — 0.1 — 0.2 — 0.6 
Total auto loans receivable$1,482.1 $628.5 $88.3 $2.2 $7.7 $1.1 $2,209.9 
(1) Classified based on credit grade assigned when customer was initially approved for financing.
Financing Receivable, Allowance for Credit Loss
The following is a rollforward of our allowance for expected credit losses for auto loans receivable for the six months ended June 30, 2026 and 2025:
Six Months Ended June 30,
20262025
Balance as of beginning of year$95.4 $54.8 
Provision for credit losses39.6 39.4 
Write-offs(59.9)(31.4)
Recoveries(1)
34.7 15.4 
Balance as of end of period
$109.8 $78.2 
(1) Includes proceeds from the recovery of vehicle collateral, net of costs incurred.
Financing Receivable, Past Due The following table presents an age analysis of past due auto loans receivable, as of June 30, 2026, and December 31, 2025:
June 30,
2026		December 31,
2025
Current$2,604.2 $2,150.7 
Past due loans:
31-60 Days49.4 44.2 
61-90 Days10.9 10.8
Greater than 90 Days3.1 4.2
Total Past Due63.4 59.2 
Total$2,667.6 $2,209.9