Credit Acceptance

Credit Acceptance Corp. engages in the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. Its financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers. The company was founded by Donald A. Foss in 1972 and is headquartered in Southfield, MI.

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Credit Acceptance reports mixed Q4 results, focuses on regulatory compliance

Credit Acceptance's Q4 2022 earnings call highlighted mixed financial results with growth in volumes but a decline in net income and EPS. The company faces challenges in managing cash flow expectations, legal defense, and competitive pressures while seeking opportunities in settlements, expense optimization, and market conditions.

Credit Acceptance reports stable Q1 performance amidst profitability challenges

Credit Acceptance Corporation demonstrated resilience with stable collection rates and growth in loan assignments, despite challenges.
While facing lower forecasted profitability and increased expenses, the company remains focused on managing risks and profitability effectively.
Opportunities exist for optimizing strategies in loan pricing, unit origination growth, and navigating industry underwriting practices.
Investments in technology systems and confidence in financial position signal a commitment to long-term success.

Credit Acceptance Q2 2023: Challenges in Net Income Amid Growth Opportunities

Credit Acceptance Corporation faces challenges in adjusted net income and earnings per share, driven by changes in forecasting methodology and poor loan vintage performance. However, the company's strategic focus on growth, intrinsic value, and technology investments positions it well to capitalize on opportunities in the competitive used vehicle financing market.

Credit Acceptance reports Q3 challenges but sees growth opportunities

Credit Acceptance Corporation faced challenges in collection rate forecasts and profitability but showed strength in volume growth and loan portfolio balance. The competitive landscape remains favorable with opportunities to navigate industry dynamics and enhance performance.

Credit Acceptance (CACC) faces lower Q4 earnings amidst growth opportunities

Credit Acceptance (CACC) reported lower adjusted net income and EPS for Q4 2023, driven by decreased collection rates and higher interest rates. Despite challenges, the company is optimistic about growth opportunities and maintains a strong buyback strategy tied to funding loan originations.

Credit Acceptance reports Q1 income dip but sees growth opportunities

Credit Acceptance faced challenges with decreased collection rates and forecasted collection percentages for the 2022 vintage.
Despite income declines, the company demonstrated strengths in volume growth, reduced common shares outstanding, and stable loan prepayments.
Opportunities lie in leveraging competitor market exits, revenue expansion through loan portfolio growth, and strategic capital deployment.
Managing challenges and capitalizing on opportunities will be crucial for Credit Acceptance's future financial performance and growth.

Credit Acceptance (CACC) reports mixed Q2 performance, focuses on growth and value creation

Credit Acceptance (CACC) navigated a mixed Q2 2024 with strong growth in loan portfolio and originations, despite challenges with forecast adjustments. The company remains committed to creating value for stakeholders and investing in technology enhancements. Opportunities exist for sustained profitability and market expansion.

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Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q1 2020 Results - Earnings Call Transcript

Credit Acceptance (CACC) delivered earnings and revenue surprises of -211.08% and 14.64%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Credit Acceptance (CACC) Reports Q1 Loss, Tops Revenue Estimates

Southfield, Michigan, May  05, 2020  (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been awarded a 2020 Top Workplaces honor by the Las Vegas Review-Journal and the Las Vegas Business Press.

Credit Acceptance Named to the 2020 Nevada Top Workplaces List

Credit Acceptance (CACC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Credit Acceptance (CACC) Might Surprise This Earnings Season

Credit Acceptance (CACC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Credit Acceptance (CACC) Expected to Beat Earnings Estimates: Should You Buy?

“Because Credit Acceptance has a disciplined and differentiated approach to underwriting loans, we believe it would continue to thrive in a recessionary environment and may well grow market share as competitors struggle with losses.

Credit Acceptance Corp: A Good Prospect for the Longer Term

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Southfield, Michigan, March  30, 2020  (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has earned an additional award based on a ranking released by Great Place to Work® and Fortune.

Credit Acceptance Named to the 2020 Best Workplaces in Financial Services & Insurance List for the Sixth Year in a Row

Use The Market Decline To Back Up The Truck On Credit Acceptance Corporation

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Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?

Credit Acceptance (CACC) Down 13.6% Since Last Earnings Report: Can It Rebound?

NAVI or CACC: Which Is the Better Value Stock Right Now?

Southfield, Michigan , Feb.  14, 2020  (GLOBE NEWSWIRE) -- Credit Acceptance Corporation ( Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the redemption of all of the Company’s 7.375% senior notes due 2023 (the “2023 notes”) in accordance with the terms of the indenture governing the 2023 notes (the “2023 notes indenture”). The Company has provided an irrevocable notice to U.S. Bank National Association, the trustee under the 2023 notes indenture, of the Company’s election to redeem all of the outstanding 2023 notes on March 15, 2020, in accordance with the terms of the 2023 notes indenture, at a redemption price equal to 101.844% of the principal amount thereof. In accordance with the 2023 notes indenture, accrued and unpaid interest on the 2023 notes from September 15, 2019 (the most recent date to which interest on the 2023 notes has been paid) will be payable on March 15, 2020 to the holders of record of the 2023 notes as of the March 1, 2020 interest record date, and no additional interest will be payable on the 2023 notes. Interest on the 2023 notes will cease to accrue on and after the March 15, 2020 redemption date. In accordance with the 2023 notes indenture, because March 15, 2020 is a Sunday, payment of the redemption price and of interest payable on that date with respect to the 2023 notes will be made on Monday, March 16, 2020.

Credit Acceptance Announces Redemption of Outstanding 7.375% Senior Notes Due 2023

Higher credit cost and increase in operating expenses hurt Credit Acceptance's (CACC) Q4 earnings, while rise in revenues offers some support.

Credit Acceptance (CACC) Q4 Earnings & Revenues Lag, Costs Up

Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q4 2019 Results - Earnings Call Transcript

Credit Acceptance (CACC) delivered earnings and revenue surprises of -4.02% and -0.69%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Credit Acceptance (CACC) Lags Q4 Earnings and Revenue Estimates

Credit Acceptance (CACC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Credit Acceptance (CACC) Earnings Expected to Grow: Should You Buy?

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Southfield, Michigan, Dec.  18, 2019  (GLOBE NEWSWIRE) -- Credit Acceptance Corporation ( Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the closing of the Company’s previously announced offering of $400 million of its 5.125% senior notes due 2024 (the “notes”), at an issue price of 100% of the principal amount of the notes, in a private offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).

Credit Acceptance Announces Closing of $400 Million Senior Notes Offering and Completion of Tender Offer for Senior Notes Due 2021

Southfield, Michigan , Dec.  16, 2019  (GLOBE NEWSWIRE) -- Credit Acceptance Corporation ( Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that its previously announced cash tender offer (the “Offer”) for any and all of the $300,000,000 aggregate principal amount of its 6.125% Senior Notes due 2021 with CUSIP number 225310AG6 (the “Notes”) expired at 5:00 P.M., New York City time, on December 13, 2019 (the “Expiration Time”). According to information provided by Global Bondholder Services Corporation, the Tender and Information Agent for the Offer, Notes in an aggregate principal amount of $148,169,000 were validly tendered and not validly withdrawn at or before the Expiration Time. No Notes were tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase, including the related Notice of Guaranteed Delivery, dated December 9, 2019 (the “Offer to Purchase”), and in the related Letter of Transmittal. The closing of the Offer is subject to a number of conditions that are set forth in the Offer to Purchase, including the successful completion by us of a new senior debt offering. If the conditions are met, we expect to pay for the Notes that were validly tendered and not validly withdrawn at or before the Expiration Time on December 18, 2019 (the “Settlement Date”).

Credit Acceptance Corporation Announces Expiration and Results of Tender Offer for Any and All of Its $300,000,000 Aggregate Principal Amount of 6.125% Senior Notes Due 2021

Revisiting My Bull Thesis On Credit Acceptance

News for Credit Acceptance Stock (CACC)