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Nicholas Financial Inc   (NICK)
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Nicholas Financial Inc 's

Competitiveness


 

NICK Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Nicholas Financial Inc reported Revenue decrease in the 3 quarter 2023 year on year by -51.69 %, despite the revenue increase by the most of its competitors of 5.38 %, recorded in the same quarter.

List of NICK Competitors





Revenue Growth Comparisons




Net Income Comparison


Nicholas Financial Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 34.5 %

<<  NICK Stock Performance Comparisons


Nicholas Financial Inc 's Comment on Competitors and Industry Peers


The consumer finance industry is highly fragmented and highly competitive. Due to various factors, including the existing low interest rate environment, the competitiveness of the industry continues to increase as new competitors continue to enter the market and certain existing competitors continue to expand their operations. There are numerous financial service companies that provide consumer credit in the markets served by the Company, including banks, credit unions, other consumer finance companies, and captive finance companies owned by automobile manufacturers and retailers. Many of these companies have significantly greater resources than the Company. Increased competition for the purchase of Contracts has caused a reduction in the interest rates payable by many individual purchasers of automobiles, and the Company believes that continued increased competition could materially reduce such interest rates in the foreseeable future. In addition, increased competition for the purchase of Contracts has enabled automobile dealers to shop for the best price, thereby giving rise to an erosion in the dealer discounts from the initial principal amounts at which the Company is willing to purchase Contracts and higher advance rates.





  

Overall company Market Share Q3 2023

Overall company, revenue fell by -51.69 % and company lost market share, to approximately 0.01 %.




<<  More on NICK Market Share.
 
*Market share is calculated based on total revenue.





Who are Nicholas Financial Inc 's Competitors?




American International Group Inc
Share Performance



-0.72%
Over The Past 5 Days



American International Group Inc
Profile

American International Group Inc (AIG) is an insurance company that operates on a global scale. Their business model primarily involves underwriting various insurance policies, including property, casualty, life, and retirement products, and offering risk management solutions to help individuals and businesses mitigate potential financial losses. AIG also focuses on investing their premiums received to generate income and grow their capital reserves.

More about American International Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 54,674.450 mill. $ 46,802.000 mill. $ 3,878.000 mill.


Ally Financial Inc
Share Performance



+0.40%
Over The Past 5 Days



Ally Financial Inc
Profile

Ally Financial Inc's business model revolves around providing automotive financing, retail banking, and insurance services to individual consumers and businesses. They aim to simplify the financial process for customers, offering a range of products and services to meet their diverse needs in the automotive and banking sectors.

More about Ally Financial Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 11,487.987 mill. $ 8,214.000 mill. $ 910.000 mill.


Credit Acceptance Corp
Share Performance



+1.64%
This Year



Credit Acceptance Corp
Profile

Credit Acceptance Corp's business model is centered around providing auto loans to individuals with limited credit history or poor credit scores. They specialize in subprime lending, offering loans to high-risk borrowers who may have been turned away by traditional lenders.

More about Credit Acceptance Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,142.612 mill. $ 1,901.900 mill. $ 286.100 mill.


Capital one financial corp
Share Performance



+13.28%
This Quarter



Capital one financial corp
Profile

The business model of Capital One Financial Corp is centered around offering a wide range of financial products and services, such as credit cards, loans, and banking accounts, to individuals, small businesses, and commercial clients. Leveraging their data-driven approach, the company aims to provide innovative and personalized solutions while maintaining a strong focus on customer experience and technology integration.

More about Capital one financial corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 52,250.137 mill. $ 26,361.000 mill. $ 4,810.000 mill.


Consumer Portfolio Services Inc
Share Performance



-11.22%
This Year



Consumer Portfolio Services Inc
Profile

Consumer Portfolio Services Inc is a subprime auto finance company that focuses on providing indirect financing to individuals with credit challenges. They purchase retail installment sales contracts from dealerships and service the loans they acquire. By specializing in subprime lending, they cater to a specific segment of customers with higher credit risks.

More about Consumer Portfolio Services Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 203.288 mill. $ 352.014 mill. $ 45.343 mill.


Ford Motor Co
Share Performance



+0.16%
This Year



Ford Motor Co
Profile

Ford Motor Co's business model is focused on designing, manufacturing, and selling vehicles, primarily automobiles, across various global markets. They employ a vertically-integrated approach, encompassing all stages of the production process, from design and engineering to manufacturing and distribution. Ford aims to deliver innovative, high-quality vehicles to meet customer demands, while also exploring opportunities in emerging technologies and sustainable solutions for transportation.

More about Ford Motor Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 49,024.500 mill. $ 176,191.000 mill. $ 4,329.000 mill.


Ford Motor Credit Company Llc
Share Performance



0.00%
Over The Past 5 Days



Ford Motor Credit Company Llc
Profile

Ford Motor Credit Co LLC operates as a subsidiary of Ford Motor Company, providing financing and leasing options for automotive purchases. Their business model revolves around offering loans and credit facilities to customers, allowing them to purchase Ford vehicles while generating revenue through interest payments and lease agreements.

More about Ford Motor Credit Company Llc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 24,347.000 mill. $ 1,324.000 mill.


Huntington Bancshares Incorporated
Share Performance



+9.87%
This Quarter



Huntington Bancshares Incorporated
Profile

Huntington Bancshares Incorporated operates as a regional bank holding company that offers a diverse range of banking and financial services to individuals, small businesses, and commercial customers across multiple states.

More about Huntington Bancshares Incorporated's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 19,078.500 mill. $ 6,958.000 mill. $ 1,971.000 mill.


Orix Corporation
Share Performance



+16.03%
This Year



Orix Corporation
Profile

Orix Corporation is a Japanese financial services provider that operates across various industries such as leasing, lending, insurance, and venture capital. Their business model revolves around offering innovative financial solutions to meet the diverse needs of individual consumers and corporate clients. By leveraging their expertise and extensive network, Orix aims to generate sustainable growth and contribute to the development of society.

More about Orix Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 126,691.955 mill. $ 18,580.220 mill. $ 1,948.824 mill.


Paccar Inc
Share Performance



+11.36%
30 Days



Paccar Inc
Profile

Paccar Inc operates as a global technology company primarily involved in the design, manufacture, and distribution of premium quality trucks and related aftermarket parts. The company follows a business model that focuses on building strong customer relationships, adapting new technologies, and maintaining a vertically integrated supply chain to deliver innovative and reliable transportation solutions. Paccar's revenue is generated through the sale of its trucks, parts, and financial services.

More about Paccar Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 63,214.602 mill. $ 32,358.100 mill. $ 3,653.100 mill.


Toyota Motor Corp
Share Performance



+31.59%
This Year



Toyota Motor Corp
Profile

Toyota Motor Corp's business model is centered around manufacturing and selling automobiles globally. It focuses on producing a diverse range of vehicles, including cars, trucks, and SUVs, catering to different market segments. Toyota prioritizes quality, reliability, and innovation in its vehicles and emphasizes sustainable practices throughout its operations. The company also invests in research and development to develop advanced technologies like hybrid and electric vehicles. Additionally, Toyota maintains a strong global supply chain and distribution network to reach customers effectively.

More about Toyota Motor Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,259,773.521 mill. $ 254,178.568 mill. $ 17,054.791 mill.



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