Credit Acceptance Corporation (CACC)

NASDAQ: CACC · IEX Real-Time Price · USD
550.31
-10.83 (-1.93%)
Feb 20, 2024, 4:00 PM EST - Market closed
-1.93%
Market Cap 6.77B
Revenue (ttm) 1.90B
Net Income (ttm) 286.10M
Shares Out 12.30M
EPS (ttm) 21.99
PE Ratio 25.02
Forward PE 15.59
Dividend n/a
Ex-Dividend Date n/a
Volume 80,044
Open 553.34
Previous Close 561.14
Day's Range 546.79 - 563.43
52-Week Range 379.77 - 616.66
Beta 1.48
Analysts Hold
Price Target 393.50 (-28.49%)
Earnings Date Jan 31, 2024

About CACC

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company serves independent and franchised ... [Read more]

Industry Credit Services
Sector Financials
IPO Date Jun 5, 1992
Employees 2,232
Stock Exchange NASDAQ
Ticker Symbol CACC
Full Company Profile

Financial Performance

In 2023, CACC's revenue was $1.90 billion, an increase of 3.79% compared to the previous year's $1.83 billion. Earnings were $286.10 million, a decrease of -46.60%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CACC stock is "Hold." The 12-month stock price forecast is $393.5, which is a decrease of -28.49% from the latest price.

Price Target
$393.5
(-28.49% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Credit Acceptance Announces Extension of $100.0 Million Asset-Backed Financing

Southfield, Michigan, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we h...

4 days ago - GlobeNewsWire

Credit Acceptance Announces Fourth Quarter and Full Year 2023 Results

Southfield, Michigan, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolida...

20 days ago - GlobeNewsWire

Credit Acceptance Promotes Jay Martin to Chief Financial Officer

Southfield, Michigan, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the promo...

26 days ago - GlobeNewsWire

Credit Acceptance Announces Timing of Fourth Quarter 2023 Earnings Release and Webcast

Southfield, Michigan, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we e...

27 days ago - GlobeNewsWire

Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility

Southfield, Michigan, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we e...

7 weeks ago - GlobeNewsWire

Credit Acceptance Announces Completion of $294.0 Million Asset-Backed Financing

Southfield, Michigan , Dec. 21, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $29...

2 months ago - GlobeNewsWire

Credit Acceptance Announces Closing of $600.0 Million Senior Notes Offering and Completion of Tender Offer for Senior Notes Due 2024

Southfield, Michigan, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the closi...

2 months ago - GlobeNewsWire

Credit Acceptance Corporation Announces Expiration and Results of Tender Offer For Any and All of Its $400,000,000 Aggregate Principal Amount of 5.125% Senior Notes Due 2024

Southfield, Michigan, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that its ...

2 months ago - GlobeNewsWire

Credit Acceptance Announces Pricing of $600.0 Million Senior Notes Offering

Southfield, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation ( Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it ...

2 months ago - GlobeNewsWire

Credit Acceptance Announces $500.0 Million Senior Notes Offering

Southfield, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it p...

2 months ago - GlobeNewsWire

Credit Acceptance Announces Potential Asset-Backed Financing

Southfield, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that, sub...

2 months ago - GlobeNewsWire

Credit Acceptance Corporation Announces Tender Offer For Any and All of Its $400,000,000 Aggregate Principal Amount of 5.125% Senior Notes Due 2024

Southfield, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it h...

2 months ago - GlobeNewsWire

Credit Acceptance Announces Completion of $200.0 Million Asset-Backed Financing

Southfield, Michigan, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $200...

2 months ago - GlobeNewsWire

Credit Acceptance Named a 2024 Best Place to Work in IT by Computerworld

Southfield, Michigan, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the...

3 months ago - GlobeNewsWire

Credit Acceptance Named a 2023 Top Workplace in Michigan by the Detroit Free Press

Southfield, Michigan, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a winner o...

3 months ago - GlobeNewsWire

Credit Acceptance Announces Third Quarter 2023 Results

Southfield, Michigan, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolida...

4 months ago - GlobeNewsWire

Credit Acceptance Elects Sean Quinn to its Board of Directors

Southfield, Michigan, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced the elect...

4 months ago - GlobeNewsWire

Credit Acceptance Again Named One of the Best Workplaces for Women™ by Fortune

Southfield, Michigan, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the...

4 months ago - GlobeNewsWire

Credit Acceptance Announces Timing of Third Quarter 2023 Earnings Release and Webcast

Southfield, Michigan, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we e...

4 months ago - GlobeNewsWire

Credit Acceptance Named One of the Fortune 2023 Best Workplaces in Financial Services & Insurance™

Southfield, Michigan, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of th...

5 months ago - GlobeNewsWire

Credit Acceptance Announces Completion of $400.0 Million Asset-Backed Financing

Southfield, Michigan, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq : CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $40...

6 months ago - GlobeNewsWire

Credit Acceptance Again Listed on PEOPLE Magazine 100 Companies that Care®

Southfield, Michigan, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of P E...

6 months ago - GlobeNewsWire

Credit Acceptance Announces Second Quarter 2023 Results

Southfield, Michigan, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolida...

7 months ago - GlobeNewsWire

Credit Acceptance Announces Timing of Second Quarter 2023 Earnings Release and Webcast

Southfield, Michigan, July 25, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (N asdaq : CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we...

7 months ago - GlobeNewsWire

Credit Acceptance Again Named One of the Best Workplaces for Millennials by Fortune

Southfield, Michigan, July 19, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the...

7 months ago - GlobeNewsWire