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Credit AcceptanceNASDAQ: CACC

Profile

Country:

United States

IPO:

05 June 1992

Next earnings report:

N/A

Last dividends:

N/A

Next dividends:

N/A
$5.06 B
-49%vs. 3y high
79%vs. sector
-35%vs. 3y high
76%vs. sector
-42%vs. 3y high
83%vs. sector
-55%vs. 3y high
38%vs. sector

Price

after hours | Fri, 01 Nov 2024 23:09:56 GMT
$418.12-$9.88(-2.31%)

Dividend

No data over the past 3 years
$543.60 M$562.40 M
$543.60 M$78.80 M

Analysts recommendations

Institutional Ownership

CACC Latest News

CACC Stock Tanks 8% as Q3 Earnings Lag on Higher Provisions
zacks.com01 November 2024 Sentiment: NEGATIVE

Higher provisions and operating expenses hurt Credit Acceptance's Q3 earnings, while a rise in revenues offers some support.

Credit Acceptance Corporation (CACC) Q3 2024 Earnings Call Transcript
seekingalpha.com31 October 2024 Sentiment: NEUTRAL

Credit Acceptance Corporation (NASDAQ:CACC ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Jay Martin - CFO Ken Booth - CEO Conference Call Participants Moshe Orenbuch - TD Cowen John Rowan - Janney Montgomery Scott John Hecht - Jefferies Rob Wildhack - Autonomous Research Ryan Shelley - Bank of America Operator Good day, everyone, and welcome to the Credit Acceptance Corporation Third Quarter 2024 Earnings Call. Today's call is being recorded.

Credit Acceptance Named One of America's Top 200 Most Loved Workplaces® by Newsweek
globenewswire.com03 October 2024 Sentiment: POSITIVE

Southfield, Michigan, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named to Newsweek's annual America's Top 200 Most Loved Workplaces® list. The Company has been ranked #10 after being named a Most Loved Workplace® in several other categories this year.

Credit Acceptance Announces Completion of $600.0 Million Asset-Backed Financing
globenewswire.com26 September 2024 Sentiment: POSITIVE

Southfield, Michigan, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $600.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $750.2 million to a wholly owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:

Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse Facility and Extension of $500.0 Million Asset-Backed Financing
globenewswire.com19 September 2024 Sentiment: POSITIVE

Southfield, Michigan , Sept. 19, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have increased the amount of Warehouse Facility II (the “Facility”), one of our revolving secured warehouse facilities, from $400.0 million to $500.0 million. We also extended the date on which the Facility will cease to revolve from April 30, 2026 to September 20, 2027. The interest rate on borrowings under the Facility has decreased from the Secured Overnight Financing Rate (“SOFR”) plus 230 basis points to SOFR plus 185 basis points.

Credit Acceptance Named One of the 2024 Best Workplaces in Financial Services & Insurance™ by Great Place To Work® and Fortune
globenewswire.com12 September 2024 Sentiment: POSITIVE

Southfield, Michigan, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the 2024 Best Workplaces in Financial Services & Insurance™ by Great Place to Work® and Fortune for the tenth consecutive year. The Company ranked #13 out of 50 companies in the large company category.

Credit Acceptance Named One of PEOPLE Magazine's 100 Companies that Care for Third Consecutive Year
globenewswire.com22 August 2024 Sentiment: POSITIVE

Southfield, Michigan, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of PEOPLE Magazine's 100 Companies That Care® by Great Place To Work® and PEOPLE magazine for the third consecutive year. Credit Acceptance was ranked 59th among the 100 companies that made the list.

Credit Acceptance (CACC) Aided By Auto Loan Demand Amid Cost Woes
zacks.com09 August 2024 Sentiment: POSITIVE

Decent auto loan demand and a rise in dealer enrollment numbers support Credit Acceptance (CACC) amid higher expenses and deteriorating asset quality.

Credit Acceptance (CACC) Posts Q2 Loss, Y/Y Rise in Provisions
zacks.com01 August 2024 Sentiment: NEUTRAL

Credit Acceptance (CACC) records a y/y rise in revenues and operating expenses in the second quarter of 2024.

Compared to Estimates, Credit Acceptance (CACC) Q2 Earnings: A Look at Key Metrics
zacks.com01 August 2024 Sentiment: POSITIVE

Although the revenue and EPS for Credit Acceptance (CACC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

What type of business is Credit Acceptance?

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.

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 from?

Credit Acceptance is headquartered in United States

When did Credit Acceptance go public?

Credit Acceptance initial public offering (IPO) was on 05 June 1992

What is Credit Acceptance website?

https://www.creditacceptance.com

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 the previous earnings report?

No data

When does Credit Acceptance earnings report?

Next earnings report date is not announced yet