Credit Acceptance Corporation

CACC

US2253101016

Consumer Lending

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-10 pm EDT			5-day change	1st Jan Change
514.9 ^USD	-1.70%		+1.71%	-3.34%

Apr. 30	Credit Acceptance Q1 Adjusted Earnings Fall, Revenue Rises	MT
Apr. 30	Transcript : Credit Acceptance Corporation, Q1 2024 Earnings Call, Apr 30, 2024

Credit Acceptance Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

August 01, 2023 at 04:07 pm EDT

Credit Acceptance Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 477.9 million compared to USD 457.4 million a year ago. Net income was USD 22.2 million compared to USD 107.4 million a year ago. Basic earnings per share from continuing operations was USD 1.7 compared to USD 7.99 a year ago. Diluted earnings per share from continuing operations was USD 1.69 compared to USD 7.94 a year ago.
For the six months, revenue was USD 931.7 million compared to USD 913.1 million a year ago. Net income was USD 121.7 million compared to USD 321.7 million a year ago. Basic earnings per share from continuing operations was USD 9.32 compared to USD 23.23 a year ago. Diluted earnings per share from continuing operations was USD 9.3 compared to USD 23.1 a year ago.

Latest news about Credit Acceptance Corporation

Credit Acceptance Q1 Adjusted Earnings Fall, Revenue Rises	Apr. 30	MT
Transcript : Credit Acceptance Corporation, Q1 2024 Earnings Call, Apr 30, 2024	Apr. 30
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Posts Q1 Revenue $508M, vs. Street Est of $497.7M	Apr. 30	MT
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Reports Q1 EPS $9.28, vs. Street Est of $9.13	Apr. 30	MT
Tranche Update on Credit Acceptance Corporation's Equity Buyback Plan announced on August 24, 2023.	Apr. 30	CI
Credit Acceptance Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 30	CI
Credit Acceptance Insider Sold Shares Worth $1,431,450, According to a Recent SEC Filing	Mar. 25	MT
Credit Acceptance Insider Sold Shares Worth $6,927,701, According to a Recent SEC Filing	Mar. 04	MT
Credit Acceptance Extends $100 Million Financing Through February 2026	Feb. 16	MT
Credit Acceptance Corporation Announces Extension of $100.0 Million Asset-Backed Financing	Feb. 16	CI
Credit Acceptance Insider Sold Shares Worth $289,990, According to a Recent SEC Filing	Feb. 06	MT
Credit Acceptance Insider Sold Shares Worth $2,854,124, According to a Recent SEC Filing	Feb. 06	MT
Transcript : Credit Acceptance Corporation, Q4 2023 Earnings Call, Jan 31, 2024	Jan. 31
Credit Acceptance Q4 Adjusted Earnings Decline While Revenue Increases	Jan. 31	MT
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Posts Q4 EPS $10.06, vs. Street Est of $7.34	Jan. 31	MT
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Reports Q4 Revenue $491.6M, vs. Street Est of $489.5M	Jan. 31	MT
Credit Acceptance Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 31	CI
Tranche Update on Credit Acceptance Corporation's Equity Buyback Plan announced on August 24, 2023.	Jan. 30	CI
Credit Acceptance Selects New CFO	Jan. 25	MT
Credit Acceptance Appoints Jay Martin as Chief Financial Officer	Jan. 24	CI
Sector Update: Financial	Jan. 02	MT
Sector Update: Financial Stocks Decline Premarket Tuesday	Jan. 02	MT
Credit Acceptance Extends $300 Million Revolving Secured Warehouse Facility	Dec. 29	MT
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility	Dec. 29	CI
Credit Acceptance Insider Sold Shares Worth $262,092, According to a Recent SEC Filing	Dec. 27	MT

Chart Credit Acceptance Corporation

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Company Profile

Credit Acceptance Corporation is engaged in offering that enable automobile dealers to sell vehicles to consumers. The Companyâs financing programs are offered through a nationwide network of automobile dealers. Its loan portfolio consists of two portfolio segments: dealer loans and purchased loans. The Company offers two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.

Sector

Consumer Lending

Calendar

2024-06-05 - Annual General Meeting

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Ratings for Credit Acceptance Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

514.9 USD

Average target price

469.7 USD

Spread / Average Target

-8.79%

Consensus

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Company calendar

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Consumer Leasing