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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Copart

National Beverage

National Research Corp

It has been more than half a year since I last published here. First of all, thanks for all the emails and messages during my "absence.

CEO Letters That Demonstrate Shareholder Orientation

Credit Acceptance (CACC) witnesses a rise in revenues and higher expenses in the first quarter of 2021.

Credit Acceptance (CACC) Q1 Earnings Beat, Provisions Down Y/Y

Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q1 2021 Results - Earnings Call Transcript

Credit Acceptance (CACC) delivered earnings and revenue surprises of 40.05% and 5.40%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Credit Acceptance (CACC) Q1 Earnings and Revenues Beat Estimates

Shares of Credit Acceptance (NASDAQ:CACC) fell in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 0.21% year over year to $9.64, which beat the estimate of $7.92.

Credit Acceptance: Q1 Earnings Insights

Southfield, Michigan, April 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $202.1 million, or $11.82 per diluted share, for the three months ended March 31, 2021 compared to a consolidated net loss of $83.8 million, or $4.61 per diluted share, for the same period in 2020.

Credit Acceptance Announces First Quarter 2021 Results

Southfield, Michigan, April 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced that Brett A. Roberts, the Company's Chief Executive Officer and President and a member of the Company's Board of Directors, will retire at the close of business on May 3, 2021. The Board of Directors has unanimously elected and appointed the Company's Chief Financial Officer, Kenneth S. Booth, as the Company's new Chief Executive Officer and President and as a director, effective May 3, 2021.

Credit Acceptance Announces Retirement of Brett A. Roberts as CEO and Director; Appointment of Kenneth S.

Southfield, Michigan, April 23, 2021 (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 2021 earnings on Thursday, April 29, 2021, after the market closes.

Credit Acceptance Announces Timing of First Quarter 2021 Earnings Release and Webcast

Ally Financial

Capital One

Government stimulus can't hold off reality for these borrowers forever.

As the Recovery Heats Up, 1 Number Is a Warning Sign for These 3 Stocks

Southfield, Michigan, March 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has earned an award based on a ranking released by Great Place to Work® and Fortune.

Credit Acceptance Named to the 2021 Best Workplaces in Financial Services & Insurance List for the Seventh Year in a Row

Credit Acceptance's (CACC) revenues will likely continue to improve, supported by the decent rise in dealer enrollments and active dealers.

Higher Finance Charges to Aid Credit Acceptance's (CACC) Top Line

Strong fundamentals make Credit Acceptance (CACC) stock an attractive investment option now.

4 Reasons to Invest in Credit Acceptance (CACC) Stock Now

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

Credit Acceptance (CACC) Up 13.9% Since Last Earnings Report: Can It Continue?

Alphabet

Netflix

Wayfair

Ruane Cunniff (Trades, Portfolio), the firm founded by the late William Ruane, disclosed last week that its top four trades during the fourth quarter of 2020 included a new position in Netflix Inc. (NASDAQ:NFLX), a boost in its Credit Acceptance Corp. (NASDAQ:CACC) holding and reductions in Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) and Wayfair Inc. (NYSE:W).

Ruane Cunniff's Top 4 Trades in the 4th Quarter

Navient

Top 5 Stocks to Buy From a Rebounding Consumer Loan Industry

Credit Acceptance (CACC) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Credit Acceptance (CACC) is a Solid Choice

Southfield, Michigan, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a 2021 Top Workplaces USA Award winner.

Credit Acceptance Named a 2021 Top Workplaces USA Award Winner

Improvement in revenues and a rise in loan balance support Credit Acceptance's (CACC) Q4 earnings, while provisions increase.

Credit Acceptance (CACC) Stock Down Despite Q4 Earnings Beat

Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q4 2020 Results - Earnings Call Transcript

Southfield, Michigan, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $166.3 million, or $9.43 per diluted share, for the three months ended December 31, 2020 compared to consolidated net income of $161.9 million, or $8.60 per diluted share, for the same period in 2019. For the year ended December 31, 2020, consolidated net income was $421.0 million, or $23.47 per diluted share, compared to consolidated net income of $656.1 million, or $34.57 per diluted share, for the same period in 2019.

Credit Acceptance Announces Fourth Quarter and Full Year 2020 Results

Southfield, Michigan, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $100.0 million asset-backed non-recourse secured financing (the “Financing”).  Pursuant to this transaction, we contributed approximately $125.1 million of loans to a wholly-owned special purpose entity that will pledge the loans to an institutional lender under a loan and security agreement.

Credit Acceptance Announces Completion of $100.0 Million Asset-Backed Financing and Extension of $300.0 Million Revolving Secured Warehouse Facility

Southfield, Michigan, Jan. 25, 2021 (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 2020 earnings on Monday, February 1, 2021, after the market closes.

Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2020 Earnings Release and Webcast

Credit Acceptance Is Undervalued

China Mobile Limited

Magellan Midstream Partners

Norwegian Cruise Line

AMERCO

According to the GuruFocus discounted cash flow calculator as of Jan. 15, the following companies have a high margin of safety and have grown their margins over a 10-year period.

These 5 Profitable Companies Are Largely Undervalued

Southfield, Michigan, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced that on December 15, 2020, we extended the maturity of our revolving secured line of credit facility with a commercial bank syndicate from June 22, 2022 to June 22, 2023. The amount of the facility will remain at $340.0 million until June 22, 2022, when the amount of the facility will decrease to $305.0 million. As of December 15, 2020, we had $65.3 million outstanding under the line of credit facility.

News for Credit Acceptance Stock (CACC)