Stock Watch: E-Loan Rides High After eBay Auto Deal

E-Loan (Nasdaq: EELN) rose 5/8 to 5 7/8 Tuesday after announcing an agreement to provide financing services for a new auto site operated by eBay (Nasdaq: EBAY) and AutoTrader.com.

The Dublin, California-based E-Loan said it will provide quotes from national lenders, as well as online approvals for auto loans. E-Loan already provides financing for car buyers who purchase their vehicles from individuals and car dealers.

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