Credit Acceptance Corp
NASDAQ:CACC

  • LAST PRICE
    482.9900
  • TODAY'S CHANGE (%)
    -2.1200 (-0.4370%)
  • Bid / Lots
    480.8500/ 6
  • Ask / Lots
    484.8300/ 6
  • Open / Previous Close
    480.4100 / 485.1100
  • Day Range
    474.9800
    485.4950
  • 52 Week Range
    409.2200
    616.6600
  • Volume
    29,783

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  • Nov 18, 2024

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    • 4:02PM ET on Monday Nov 18, 2024 by Dow Jones
      Companies Mentioned: CACC

      Credit Acceptance Named a 2024 Top Workplace in Michigan by the Detroit Free Press

      Southfield, Michigan, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") has been named a winner of the 2024 Detroit Free Press Top Workplaces. We ranked #2 among the top large companies in Michigan, the same as a year ago. This is the 13(th) year in a row that the Company has been recognized with this award by the Detroit Free Press. We also received the prestigious Managers Specialty Award for our leaders' efforts to help team members grow and learn as well as for caring about their concerns.

  • Nov 1, 2024

  • Oct 30, 2024

      Show headlines and story abstract

    • 4:03PM ET on Wednesday Oct 30, 2024 by MT Newswires
      Companies Mentioned: CACC
      04:03 PM EDT, 10/30/2024 (MT Newswires) -- ...

    • 4:02PM ET on Wednesday Oct 30, 2024 by MT Newswires
      Companies Mentioned: CACC
      04:02 PM EDT, 10/30/2024 (MT Newswires) -- ...

    • 4:02PM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: CACC

      (UNAUDITED)
      (Dollars in millions, except per share data) For the Three Months Ended September 30, For the Nine Months Ended September 30, ---------------------------------------- ---------------------------------------- 2024 2023 2024 2023 ------------------ ------------------ ------------------ ------------------ Revenue: Finance charges $ 507.6 $ 441.7 $ 1,474.5 $ 1,303.8 Premiums earned 25.1 20.8 71.3 58.0 Other income 17.6 16.1 50.7 48.5 ------------------ ------------------ ------------------ ------------------ Total revenue 550.3 478.6 1,596.5 1,410.3 ------------------ ------------------ ------------------ ------------------ Costs and expenses: Salaries and wages 77.3 66.7 231.6 214.1 General and administrative 29.0 21.3 75.9 59.8 Sales and marketing 23.1 22.5 72.4 70.9 ------------------ ------------------ ------------------ ------------------ Total operating expenses 129.4 110.5 379.9 344.8 ------------------ ------------------ ------------------ ------------------ Provision for credit losses on forecast changes 105.9 106.3 430.9 319.4 Provision for credit losses on new Consumer Loan assignments 78.8 78.3 260.4 253.1 ------------------ ------------------ ------------------ ------------------ Total provision for credit losses 184.7 184.6 691.3 572.5 ------------------ ------------------ ------------------ ------------------ Interest 111.2 70.5 308.2 187.7 Provision for claims 18.5 16.5 55.8 54.1 Loss on sale of building -- -- 23.7 -- Total costs and expenses 443.8 382.1 1,458.9 1,159.1 Income before provision for income taxes 106.5 96.5 137.6 251.2 Provision for income taxes 27.7 25.7 41.6 58.7 ------------------ ------------------ ------------------ ------------------ Net income $ 78.8 $ 70.8 $ 96.0 $ 192.5 ================== ================== ================== ================== Net income per share: Basic $ 6.42 $ 5.47 $ 7.78 $ 14.79 ================== ================== ================== ================== Diluted $ 6.35 $ 5.43 $ 7.68 $ 14.73 ================== ================== ================== ================== Weighted average shares outstanding: Basic 12,274,685 12,933,377 12,345,739 13,013,344 Diluted 12,415,143 13,039,638 12,494,011 13,068,998

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