Investor Relations: Douglas W. Busk Chief Treasury Officer (248) 353-2700 Ext. 4432 IR@creditacceptance.com Southfield, Michigan – April 30, 2024 – Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net income of $64.3 million, or $5.08 per diluted share, for the three months ended March 31, 2024 compared to consolidated net income of $99.5 million, or $7.61 per diluted share, for the same period in 2023. Adjust ...

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 30, 2024Tim ...

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 team can thriv ...

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 on our core va ...

It has been about a month since the last earnings report for Credit Acceptance (CACC) . Shares have lost about 4.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Credit Acceptance due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Credit Acceptance Q4 Earnings Be ...

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 Class Amount I ...

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 December 16, 2 ...

UNITED STATES We currently operate in one reportable segment which represents our core business of offering Dealers financing programs and related products and services that enable them to sell vehicles to consumers, regardless of their credit history. For information regarding our one reportable segment and related entity-wide disclosures, see Note 15 to the consolidated financial statements contained in Item 8 of this Form 10-K, which is incorporated herein by reference. Principal Business • a down paymen ...

Shares of Credit Acceptance Corporation (CACC) gained 2.4% in the after-market trading following the release of its fourth-quarter and 2023 results. Quarterly earnings of $7.29 per share surpassed the Zacks Consensus Estimate of $4.52 by a significant margin. However, the bottom line reflects a 23.9% fall from the prior-year quarter. These figures include certain non-recurring items.Results were aided by an improvement in GAAP revenues and consumer loan assignment volumes. However, higher operating expenses ...

Credit Acceptance Corporation (NASDAQ:CACC) Q4 2023 Earnings Conference Call January 31, 2024 5:00 PM ET Company Participants Jay Martin - Chief Financial Officer Ken Booth - Chief Executive Officer Douglas Busk - Chief Treasury Officer Conference Call Participants Moshe Orenbuch - TD Cowen Robert Wildhack - Autonomous Research Vincent Caintic - Stephens Operator Good day everyone and welcome to the Credit Acceptance Corporation Fourth Quarter 2023 Earnings Call. Today's call is being recorded. A webcast an ...