MARKET COMPOSITE
CACC - Credit Acceptance Corp.5:59:23 PM 4/26/2024
Price
$528.50
+ 12.98 (2.52%)
Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was founded in 1972 and is headquartered in Southfield, Michigan.
Financials
Quarterly financials
(USD)Sep 2023Q/Q
Revenue478.6MM+0%
Operating Income96.5MM-
Operating Expenses382.1MM-
Net Income70.8MM-
G&A21.3MM+4%
Marketing22.5MM-14%
Compensation66.7MM-5%
Interest Expense70.5MM+12%
Stock Chart

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Stock news

    Southfield, Michigan, April 23, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our first quarter 2024 earnings on Tuesday, April 30, 2024, after the market closes. A webcast is scheduled for Tuesday, April 30, 2024, at 5:00 p.m. Eastern Time to discuss first quarter 2024 earnings. Conference Call and Webcast Information:Date: Tuesday, April

    Southfield, Michigan, April 04, 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 100 Best Companies to Work For® by Fortune for the tenth time. With a ranking of #39 this year, the Company's longstanding presence on the list reinforces the strength of our culture. “Credit Acceptance is focused on creating and sustaining an inclusive and caring workplace environment where our t

    Southfield, Michigan, March 28, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $500.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $625.2 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes: Note C

    Southfield, Michigan, March 20, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a Top Workplaces USA Award winner for the fourth consecutive year. We made it into the Top 10 again this year with a #9 ranking in the 1,000-2,499-employee size category. The award is due to the longstanding strengths of Credit Acceptance’s 2,200+ team members and the culture they foster, which is centered o

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    Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

    Southfield, Michigan, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $200.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $250.1 million to a wholly owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes: Note Cl

    Southfield, Michigan, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have extended the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 (the “Financing”) and to which we refer as Term ABS 2021-1. Under the amendment effecting the extension, the date on which the Financing will cease to revolve has been extended from D

    Adjusted Net Income and Loan Portfolio Growth Highlighted Amidst Challenges

    Credit Acceptance (CACC) records a rise in revenues and operating expenses in the fourth quarter of 2023.