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CACC

Credit Acceptance Corporation

Logo Credit Acceptance Corporation

Finance

Finance: Consumer Services

Nasdaq

as 04-16-2024 4:00pm EST

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Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.

Founded: 1972 Country:
United States
United States
Employees: N/A City: SOUTHFIELD
Market Cap: 6.8B IPO Year: 1992
Target Price: $393.50 AVG Volume (30 days): 68.9K
Analyst Decision: Hold Number of Analysts: 3
Dividend Yield: N/A Dividend Payout Frequency: N/A
EPS: 21.99 EPS Growth: -44.07
52 Week Low/High: $379.77 - $616.66 Next Earning Date: 04-29-2024
Revenue: $1,901,900,000 Revenue Growth: 3.79%
Revenue Growth (this year): 2.21% Revenue Growth (next year): 9.36%

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