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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NEW YORK , March 3, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Credit Acceptance securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

NEW YORK--(BUSINESS WIRE)---- $CACC #CACC--WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public.

GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation – CACC

NEW YORK , Feb. 24, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Credit Acceptance securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

NEW YORK , Feb. 17, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Credit Acceptance securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Credit Acceptance To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - February 14, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Credit Acceptance Corp. ("Credit Acceptance" or the "Company") (NASDAQ: CACC).If you suffered losses exceeding $50,000 investing in Credit Acceptance stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Credit Acceptance Shareholder Action Reminder

Southfield, Michigan, Feb. 14, 2023 (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 third year in a row. This year we again made it into the Top 10 with a #8 ranking in the 1,000-2,499 employee size category.

Credit Acceptance Named a 2023 Top Workplaces USA Award Winner

New York, New York--(Newsfile Corp. - February 13, 2023) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public.

ROSEN, Leading Investor Counsel, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Credit Acceptance To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - February 12, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Credit Acceptance Corp. ("Credit Acceptance" or the "Company") (NASDAQ: CACC).If you suffered losses exceeding $50,000 investing in Credit Acceptance stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Credit Acceptance Investor Alert

San Francisco, California--(Newsfile Corp. - February 9, 2023) - Hagens Berman urges Credit Acceptance Corporation (NASDAQ: CACC) investors who suffered significant losses to submit your losses now.Visit: https://www.hbsslaw.com/investor-fraud/CACCContact An Attorney Now: CACC@hbsslaw.com 844-916-0895Credit Acceptance Corporation (CACC) Investigation: Credit Acceptance, one of the nation's largest subprime auto lenders, offers financing programs that enable auto dealers to sell vehicles to consumers regardless of their credit history. T

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Credit Acceptance Corporation (CACC) Investors with Significant Losses to Contact Firm's Attorneys, Firm Investigating Possible Securities Law Violations

Boston, Massachusetts--(Newsfile Corp. - February 9, 2023) - Block & Leviton is investigating Credit Acceptance Corp. (NASDAQ: CACC) for potential securities law violations. Investors who have lost money in their Credit Acceptance Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/cac.

Credit Acceptance Corp. Investigated by Block & Leviton for Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

NEW YORK , Feb. 8, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Credit Acceptance securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A LEADING LAW FIRM, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

NEW YORK , Feb. 6, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Credit Acceptance Corporation ("CAC" or the "Company") (NASDAQ: CACC).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC

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Credit Acceptance (CACC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

What Makes Credit Acceptance (CACC) a New Strong Buy Stock

New York, New York--(Newsfile Corp. - February 2, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) breached their fiduciary duties to Credit Acceptance and its shareholders.

Credit Acceptance - CACC - Investors Who Have Held CACC Stock Since at Least January 1, 2023 Encouraged to Contact Kehoe Law Firm, P.C. - Breach of Fiduciary Duties Investigation

San Francisco, California--(Newsfile Corp. - February 1, 2023) - Hagens Berman urges Credit Acceptance Corporation (NASDAQ: CACC) investors who suffered significant losses to submit your losses now. Visit: https://www.hbsslaw.com/investor-fraud/CACCContact An Attorney Now: CACC@hbsslaw.com844-916-0895Credit Acceptance Corporation (CACC) Investigation: Credit Acceptance, one of the nation's largest subprime auto lenders, offers financing programs that enable auto dealers to sell vehicles to consumers regardless of their credit history. The company has repeate

CACC INVESTIGATION: Hagens Berman Encourages Credit Acceptance Corporation (CACC) Investors with Significant Losses to Contact Firm's Attorneys, Firm Investigating Possible Securities Law Violations

Credit Acceptance (CACC) records a decline in GAAP revenues in the fourth quarter of 2022.

Credit Acceptance (CACC) Gains as Q4 Earnings Beat Estimates

Credit Acceptance Corporation (NASDAQ:CACC ) Q4 2022 Earnings Conference Call January 31, 2023 5:00 PM ET Company Participants Doug Busk - Chief Treasury Officer Conference Call Participants Moshe Orenbuch - Credit Suisse John Rowan - Janney Montgomery Scott Rob Wildhack - Autonomous Research John Hecht - Jefferies Ray Cheesman - Anfield Capital Christopher Ryan - Radcliffe Operator Good day, everyone, and welcome to the Credit Acceptance Corporation Fourth Quarter 2022 Earnings Call. Today's call is being recorded.

Credit Acceptance Corporation (CACC) Q4 2022 Earnings Call Transcript

Credit Acceptance (CACC) delivered earnings and revenue surprises of 24.25% and 5.18%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Credit Acceptance (CACC) Surpasses Q4 Earnings and Revenue Estimates

Southfield, Michigan, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $127.3 million, or $9.58 per diluted share, for the three months ended December 31, 2022 compared to consolidated net income of $217.6 million, or $14.60 per diluted share, for the same period in 2021. For the year ended December 31, 2022, consolidated net income was $535.8 million, or $39.32 per diluted share, compared to consolidated net income of $958.3 million, or $59.52 per diluted share, for the same period in 2021.

Credit Acceptance Announces Fourth Quarter and Full Year 2022 Results

Southfield, Michigan , Jan. 24, 2023 (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 fourth quarter and full year 2022 earnings on Tuesday, January 31, 2023, after the market closes. A webcast is scheduled for Tuesday, January 31, 2023, at 5:00 p.m. Eastern Time to discuss fourth quarter and full year 2022 earnings.

Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release and Webcast

Credit Acceptance (CACC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Strength Seen in Credit Acceptance (CACC): Can Its 8.8% Jump Turn into More Strength?

NEW YORK , Jan. 23, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Credit Acceptance securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

CACC LOSS ALERT: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

Boston, Massachusetts--(Newsfile Corp. - January 17, 2023) - Block & Leviton is investigating Credit Acceptance Corp. (NASDAQ: CACC) for potential securities law violations. Investors who have lost money in their Credit Acceptance Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/cac.

Credit Acceptance Corp. Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

NEW YORK , Jan. 16, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Credit Acceptance securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

CACC INVESTOR NOTICE: ROSEN, A LEADING NATIONAL FIRM, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

News for Credit Acceptance Stock (CACC)