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Credit Acceptance(CACC) - 2024 Q2 - Quarterly Report
2024-07-31 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-20202 CREDIT ACCEPTANCE CORPORATION (Exact name of registrant as specified in its charter) Michigan 38-1999511 (State or other juri ...
Credit Acceptance(CACC) - 2024 Q2 - Quarterly Results
2024-07-31 20:03
Exhibit 4.155 AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENT This AMENDMENT NO. 2 TO THE SEVENTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this "Amendment") is made as of July 26, 2024, by and among CAC WAREHOUSE FUNDING LLC II, as the borrower (the "Borrower"), CREDIT ACCEPTANCE CORPORATION, as the servicer (in such capacity, together with its successors and assigns, the "Servicer") and as the custodian (in such capacity, together with its successors and assigns, the "Custodian"), WELLS FARGO BANK, ...
Credit Acceptance Announces Second Quarter 2024 Results
GlobeNewswire News Room· 2024-07-31 20:02
Southfield, Michigan, July 31, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net loss of $47.1 million, or $3.83 per diluted share, for the three months ended June 30, 2024 compared to consolidated net income of $22.2 million, or $1.69 per diluted share, for the same period in 2023. Adjusted net income, a non-GAAP financial measure, for the three months ended June 30, 2024 was $126. ...
Credit Acceptance Announces Timing of Second Quarter 2024 Results and Webcast
Newsfilter· 2024-07-26 20:02
Conference Call and Webcast Information: Date: Wednesday, July 31, 2024 Time: 5:00 p.m. Eastern Time Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participate by telephone, you must pre-register using the following link: or through the link posted on the "Investor Relations" section of our website at ir.creditacceptance.com. Upon registering you will be provided with the dial-in number and a unique PIN to access the webcast by telepho ...
Credit Acceptance Announces Timing of Second Quarter 2024 Results and Webcast
GlobeNewswire News Room· 2024-07-26 20:02
Description of Credit Acceptance Corporation We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to adverti ...
Credit Acceptance Named One of the Best Workplaces for Millennials by Fortune
Newsfilter· 2024-07-22 20:02
Based on answers from millennial-aged team members, the Company's average score for all Trust Index® statements regarding fairness related to age, race, gender, and sexual orientation is 97%, two percentage points above the 2024 Top 10 average. Specific values include: To determine the Fortune Best Workplaces for Millennials™ List, Great Place To Work collected nearly 510,000 responses from millennials at companies eligible for the list. To be considered, companies had to be Great Place To Work Certified™ a ...
Credit Acceptance Named a Top Workplace in Financial Services
Newsfilter· 2024-07-15 20:02
On average, fewer than 3% of eligible organizations earn a Top Workplace designation, making these achievements clear differentiators among peers. This award reflects our dedication to advancing our purpose, value, leadership, and compensation and benefits. This dedication comes alive through our culture of PRIDE (Positive, Respectful, Insightful, Direct, and Earnest). These values are integrated into every aspect of our workplace—from communications and performance management to our hiring process and New ...
Credit Acceptance Named a Top Workplace in Financial Services
GlobeNewswire News Room· 2024-07-15 20:02
"This award is yet another recognition of our commitment to maintaining a supportive and collaborative workplace," said Ken Booth, CEO of Credit Acceptance. "By listening to our team members and embracing diverse perspectives, we've created an environment where team members feel valued. This environment is essential to fulfilling our mission of making car ownership accessible to those who need it most." We make vehicle ownership possible by providing innovative financing solutions that enable automobile dea ...
Credit Acceptance Named a Most Loved Workplace® in 2024 in Several Categories
Newsfilter· 2024-06-26 20:02
Southfield, Michigan, June 26, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") has been named a Most Loved Workplace® for 2024 in several categories by the Best Practice Institute (BPI). These lists honor organizations that set a new standard for workplace excellence and demonstrate the power of a culture that fuels overall employee well-being, psychological safety, retention, and performance. As a result of a com ...
Credit Acceptance Announces Increase and Extension of Asset-Backed Financing
GlobeNewswire News Room· 2024-06-21 20:35
We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who a ...