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$469.20Annual ROE
16.94%Beta
1.18Events Calendar
Next earnings date:
Jan 31, 2025Recent quarterly earnings:
Oct 31, 2024Recent annual earnings:
Jan 31, 2024Next ex-dividend date:
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Dec 21, 1994Analyst ratings
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On December 20, 2024, Credit Acceptance Corporation from Southfield, Michigan, announced that it has successfully completed a $300 million asset-backed non-recourse secured financing. In this deal, the company transferred loans worth about $375.1 million to a special purpose entity, which will use these loans as collateral for institutional lenders. The company plans to issue three different classes of notes as part of this financing.
On December 11, 2024, in Southfield, Michigan, Credit Acceptance Corporation (Nasdaq: CACC) was honored as one of the Best Places to Work in IT by Computerworld for the tenth consecutive year. The company achieved the 8th position among midsize firms. This recognition highlights organizations that implement effective technology strategies to create an inclusive and supportive work environment that encourages growth.
Southfield, Michigan, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) has been honored as one of the top workplaces in 2024 by the Detroit Free Press. We maintained our position at #2 among large companies in Michigan, just like last year. This marks the 13th consecutive year that we have received this recognition, and we also earned the Managers Specialty Award for our leaders' commitment to supporting team members' growth and addressing their concerns.
In the third quarter, Credit Acceptance's earnings were negatively affected by increased provisions and operating costs, although a rise in revenue provided some assistance.
Credit Acceptance Corporation (NASDAQ:CACC) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 10:00 AM ET. The call will feature company representatives, including CFO Jay Martin and CEO Ken Booth, along with analysts from various financial firms. Please note that this call is being recorded.
Southfield, Michigan, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC), also known as "the Company" or "we," has made it onto Newsweek's yearly list of America's Top 200 Most Loved Workplaces®. This year, the Company achieved the 10th position after receiving recognition as a Most Loved Workplace® in various other categories.
On September 26, 2024, Credit Acceptance Corporation from Southfield, Michigan, announced that it has successfully completed a $600 million asset-backed non-recourse secured financing. In this deal, the company transferred loans worth about $750.2 million to a special purpose entity it fully owns, which will then pass the loans to a trust that will issue three types of notes.
Southfield, Michigan, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) has announced an increase in the amount of its Warehouse Facility II from $400 million to $500 million. Additionally, the end date for the Facility's revolving period has been extended from April 30, 2026, to September 20, 2027. The interest rate for borrowings under this Facility has also been reduced from SOFR plus 230 basis points to SOFR plus 185 basis points.
On September 12, 2024, Credit Acceptance Corporation from Southfield, Michigan, announced that it has been recognized as one of the 2024 Best Workplaces in Financial Services & Insurance™ by Great Place to Work® and Fortune for the tenth year in a row. The company achieved the 13th position out of 50 in the large company category.
On August 22, 2024, in Southfield, Michigan, Credit Acceptance Corporation (Nasdaq: CACC) has been recognized as one of PEOPLE Magazine's 100 Companies That Care® for the third year in a row. The company was placed 59th on this prestigious list, which is compiled by Great Place To Work® and PEOPLE magazine.
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