Solvar Ltd traded at 1.87 this Tuesday February 3rd, increasing 0.02 or 1.08 percent since the previous trading session. Looking back, over the last four weeks, Solvar gained 7.47 percent. Over the last 12 months, its price rose by 41.67 percent. Looking ahead, we forecast Solvar Ltd to be priced at 1.82 by the end of this quarter and at 1.71 in one year, according to Trading Economics global macro models projections and analysts expectations.
Solvar Limited is an Australia-based consumer and commercial finance company, which is engaged in providing of automotive finance. The Company operates through two segments: Australia and New Zealand. The Australia segment provides lending facilities in Australia generally based on the provision of an underlying asset as security, generally referred through a broker or distributed directly through digital channels. The New Zealand segment provides lending facilities in New Zealand generally based on the provision of an underlying asset as security, generally referred through a dealer. The Company operates through three core brands: Money3 and Automotive Financial Services in Australia and Go Car Finance in New Zealand. It offers commercial loans to small businesses and sole traders for the purchase of a vehicle or piece of equipment to support their business operations. The Company also provides strategic corporate customers with fleet funding facilities.