Credit Acceptance Corporation

CACC

US2253101016

Consumer Lending

Real-time Estimate Cboe BZX Other stock markets 12:05:13 18/07/2024 am IST			5-day change	1st Jan Change
600.4 ^USD	-1.76%		+12.72%	+12.78%

01/07	Credit Acceptance Corporation(NasdaqGS:CACC) added to Russell Midcap Growth Index	CI
01/07	Credit Acceptance Corporation(NasdaqGS:CACC) added to Russell 3000 Growth Index	CI

Credit Acceptance Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2021

January 01, 2022 at 02:32 am IST

Credit Acceptance Corporation reported earnings results for the fourth quarter ended December 31, 2021. For the fourth quarter, the company reported revenue was USD 463.2 million compared to USD 447.4 million a year ago. Net income was USD 217.6 million compared to USD 166.3 million a year ago.

Basic earnings per share from continuing operations was USD 14.77 compared to USD 9.47 a year ago. Diluted earnings per share from continuing operations was USD 14.6 compared to USD 9.43 a year ago.

Latest news about Credit Acceptance Corporation

Credit Acceptance Corporation(NasdaqGS:CACC) added to Russell Midcap Growth Index	01/07	CI
Credit Acceptance Corporation(NasdaqGS:CACC) added to Russell 3000 Growth Index	01/07	CI
Credit Acceptance Corporation(NasdaqGS:CACC) added to Russell 3000E Growth Index	01/07	CI
Credit Acceptance Corporation(NasdaqGS:CACC) added to Russell 2500 Growth Index	01/07	CI
Credit Acceptance Corporation(NasdaqGS:CACC) added to Russell Small Cap Comp Growth Index	01/07	CI
Credit Acceptance Corporation(NasdaqGS:CACC) added to Russell 1000 Growth Index	01/07	CI
Credit Acceptance Increases, Extends Asset-Backed Financing	22/06	MT
Credit Acceptance Extends Revolving Secured Line of Credit Facility	18/06	MT
Credit Acceptance Announces Extension of Revolving Secured Line of Credit Facility	18/06	CI
Credit Acceptance Q1 Adjusted Earnings Fall, Revenue Rises	01/05	MT
Transcript : Credit Acceptance Corporation, Q1 2024 Earnings Call, Apr 30, 2024	01/05
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Posts Q1 Revenue $508M, vs. Street Est of $497.7M	01/05	MT
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Reports Q1 EPS $9.28, vs. Street Est of $9.13	01/05	MT
Tranche Update on Credit Acceptance Corporation's Equity Buyback Plan announced on August 24, 2023.	01/05	CI
Credit Acceptance Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	01/05	CI
Credit Acceptance Insider Sold Shares Worth $1,431,450, According to a Recent SEC Filing	26/03	MT
Credit Acceptance Insider Sold Shares Worth $6,927,701, According to a Recent SEC Filing	05/03	MT
Credit Acceptance Extends $100 Million Financing Through February 2026	17/02	MT
Credit Acceptance Corporation Announces Extension of $100.0 Million Asset-Backed Financing	17/02	CI
Credit Acceptance Insider Sold Shares Worth $289,990, According to a Recent SEC Filing	07/02	MT
Credit Acceptance Insider Sold Shares Worth $2,854,124, According to a Recent SEC Filing	07/02	MT
Transcript : Credit Acceptance Corporation, Q4 2023 Earnings Call, Jan 31, 2024	01/02
Credit Acceptance Q4 Adjusted Earnings Decline While Revenue Increases	01/02	MT
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Posts Q4 EPS $10.06, vs. Street Est of $7.34	01/02	MT
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Reports Q4 Revenue $491.6M, vs. Street Est of $489.5M	01/02	MT

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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

30/07/2024 - Q2 2024 Earnings Release (Projected)

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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

611.1 USD

Average target price

476.3 USD

Spread / Average Target

-22.05%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Consumer Leasing

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Consumer Leasing