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Credit Acceptance (CACC) Company Overview

Profile

Full Name:

Credit Acceptance Corporation

Country:

United States

IPO:

June 5, 1992

Indexes:

Not included

Description:

Credit Acceptance Corporation is a financial company that provides subprime auto loans and other related financial products in the USA. The company was founded by Donald Foss in 1972, being one of the largest used car dealers at the time. The headquarters is located in Southfield, Michigan. The company has two financing programs. Under the first one, Credit Acceptance advances money to dealers in exchange for the right to service the corresponding consumer loans. Under the other program, they purchase consumer loans from dealers and retain all amounts received from consumers. The main revenue comes from finance charges for servicing loans, commissions for additional services, and a monthly subscription fee.

Key Details

Price

$518.49

Annual Revenue

$2.09 B(+11.12% YoY)

Annual EPS

$19.88(-9.60% YoY)

Beta

1.11

Events Calendar

Earnings

Next earnings date:

Apr 30, 2025

Recent quarterly earnings:

Jan 30, 2025

Recent annual earnings:

Jan 30, 2025
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

Dec 21, 1994

Analyst ratings

Recent major analysts updates

Jan 31, 25 Stephens & Co.
Equal-Weight
Nov 1, 24 TD Cowen
Sell
Aug 1, 24 TD Cowen
Sell
May 2, 24 TD Cowen
Sell
Nov 1, 23 TD Cowen
Underperform
Oct 31, 23 Stephens & Co.
Equal-Weight
Oct 31, 23 BMO Capital
Market Perform
May 2, 23 Stephens & Co.
Equal-Weight
May 2, 23 Credit Suisse
Underperform
Mar 9, 23 Stephens & Co.
Equal-Weight

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CACC Stock Jumps 5.8% as Q4 Earnings Beat on Higher Finance Charges
CACC Stock Jumps 5.8% as Q4 Earnings Beat on Higher Finance Charges
CACC Stock Jumps 5.8% as Q4 Earnings Beat on Higher Finance Charges
CACC
zacks.comJanuary 31, 2025

Credit Acceptance's Q4 earnings are boosted by a rise in finance charges, reduced provisions, and an increase in net loan receivables.

Credit Acceptance (CACC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Credit Acceptance (CACC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Credit Acceptance (CACC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
CACC
zacks.comJanuary 30, 2025

The financial results for Credit Acceptance (CACC) from the quarter ending in December 2024 provide insight into the company's performance. It may also be helpful to compare some important metrics with Wall Street predictions and figures from the previous year.

Credit Acceptance Corporation (CACC) Q4 2024 Earnings Call Transcript
Credit Acceptance Corporation (CACC) Q4 2024 Earnings Call Transcript
Credit Acceptance Corporation (CACC) Q4 2024 Earnings Call Transcript
CACC
seekingalpha.comJanuary 30, 2025

Credit Acceptance Corporation (NASDAQ:CACC) will hold its Q4 2024 Earnings Conference Call on January 30, 2024, at 5:00 PM ET. The call will feature company representatives, including Chief Financial Officer Jay D. Martin and Kenneth S.

Credit Acceptance Announces Completion of $300.0 Million Asset-Backed Financing
Credit Acceptance Announces Completion of $300.0 Million Asset-Backed Financing
Credit Acceptance Announces Completion of $300.0 Million Asset-Backed Financing
CACC
globenewswire.comDecember 20, 2024

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.

Credit Acceptance Celebrates its 10th Year as a Best Place to Work in IT by Computerworld
Credit Acceptance Celebrates its 10th Year as a Best Place to Work in IT by Computerworld
Credit Acceptance Celebrates its 10th Year as a Best Place to Work in IT by Computerworld
CACC
globenewswire.comDecember 11, 2024

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.

Credit Acceptance Named a 2024 Top Workplace in Michigan by the Detroit Free Press
Credit Acceptance Named a 2024 Top Workplace in Michigan by the Detroit Free Press
Credit Acceptance Named a 2024 Top Workplace in Michigan by the Detroit Free Press
CACC
globenewswire.comNovember 18, 2024

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.

CACC Stock Tanks 8% as Q3 Earnings Lag on Higher Provisions
CACC Stock Tanks 8% as Q3 Earnings Lag on Higher Provisions
CACC Stock Tanks 8% as Q3 Earnings Lag on Higher Provisions
CACC
zacks.comNovember 1, 2024

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 (CACC) Q3 2024 Earnings Call Transcript
Credit Acceptance Corporation (CACC) Q3 2024 Earnings Call Transcript
Credit Acceptance Corporation (CACC) Q3 2024 Earnings Call Transcript
CACC
seekingalpha.comOctober 31, 2024

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.

Credit Acceptance Named One of America's Top 200 Most Loved Workplaces® by Newsweek
Credit Acceptance Named One of America's Top 200 Most Loved Workplaces® by Newsweek
Credit Acceptance Named One of America's Top 200 Most Loved Workplaces® by Newsweek
CACC
globenewswire.comOctober 3, 2024

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.

Credit Acceptance Announces Completion of $600.0 Million Asset-Backed Financing
Credit Acceptance Announces Completion of $600.0 Million Asset-Backed Financing
Credit Acceptance Announces Completion of $600.0 Million Asset-Backed Financing
CACC
globenewswire.comSeptember 26, 2024

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.

FAQ

  • What is the ticker symbol for Credit Acceptance?
  • Does Credit Acceptance pay dividends?
  • What sector is Credit Acceptance in?
  • What industry is Credit Acceptance in?
  • What country is Credit Acceptance based in?
  • When did Credit Acceptance go public?
  • Is Credit Acceptance in the S&P 500?
  • Is Credit Acceptance in the NASDAQ 100?
  • Is Credit Acceptance in the Dow Jones?
  • When was Credit Acceptance's last earnings report?
  • When does Credit Acceptance report earnings?
  • Should I buy Credit Acceptance stock now?

What is the ticker symbol for Credit Acceptance?

The ticker symbol for Credit Acceptance is NASDAQ:CACC

Does Credit Acceptance pay dividends?

No, Credit Acceptance does not pay dividends

What sector is Credit Acceptance in?

Credit Acceptance is in the Financial Services sector

What industry is Credit Acceptance in?

Credit Acceptance is in the Credit Services industry

What country is Credit Acceptance based in?

Credit Acceptance is headquartered in United States

When did Credit Acceptance go public?

Credit Acceptance's initial public offering (IPO) was on June 5, 1992

Is Credit Acceptance in the S&P 500?

No, Credit Acceptance is not included in the S&P 500 index

Is Credit Acceptance in the NASDAQ 100?

No, Credit Acceptance is not included in the NASDAQ 100 index

Is Credit Acceptance in the Dow Jones?

No, Credit Acceptance is not included in the Dow Jones index

When was Credit Acceptance's last earnings report?

Credit Acceptance's most recent earnings report was on Jan 30, 2025

When does Credit Acceptance report earnings?

The next expected earnings date for Credit Acceptance is Apr 30, 2025

Should I buy Credit Acceptance stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions