Company Credit Acceptance Corporation

Equities

CACC

US2253101016

Consumer Lending

Market Closed - Nasdaq 04:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
522.3 USD +0.59% Intraday chart for Credit Acceptance Corporation -2.90% -1.97%

Business Summary

Credit Acceptance Corporation is engaged in offering that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a nationwide network of automobile dealers. Its loan portfolio consists of two portfolio segments: dealer loans and purchased loans. The Company offers two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.

Number of employees: 2,232

Sales per Business

USD in Million2022Weight2023Weight Delta
Dealers Financing Programs
100.0 %
1,832 100.0 % 1,902 100.0 % +3.79%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
1,832 100.0 % 1,902 100.0 % +3.79%

Managers

Managers TitleAgeSince
Chief Executive Officer 56 03-12-31
Director of Finance/CFO 50 03-08-31
Chief Tech/Sci/R&D Officer 47 22-10-23
Compliance Officer 44 09-12-31
Chief Operating Officer 47 01-12-31
Investor Relations Contact 63 96-10-31
Sales & Marketing 44 22-03-31
Human Resources Officer 47 01-11-30
Corporate Officer/Principal 51 97-03-31
Sales & Marketing 52 96-03-31

Members of the board

Members of the board TitleAgeSince
Chairman 65 99-06-30
Director/Board Member 53 07-03-20
Chief Executive Officer 56 03-12-31
Director/Board Member 70 04-02-29
Director/Board Member 45 23-10-26
Director/Board Member 54 21-05-02

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 12,302,955 7,393,425 ( 60.09 %) 0 60.09 %

Shareholders

NameEquities%Valuation
2,572,308 20.91 % 1 419 M $
Prescott General Partners LLC
12.68 %
1,560,014 12.68 % 860 M $
1,317,688 10.71 % 727 M $
Cerity Partners LLC
7.209 %
886,970 7.209 % 489 M $
Ruane, Cunniff & Goldfarb LP
6.075 %
747,356 6.075 % 412 M $
708,554 5.759 % 391 M $
Wellington Management Co. LLP
4.977 %
612,323 4.977 % 338 M $
Vanguard Fiduciary Trust Co.
4.039 %
496,871 4.039 % 274 M $
417,933 3.397 % 231 M $
401,058 3.260 % 221 M $

Company contact information

Credit Acceptance Corp.

25505 West Twelve Mile Road

48034-8339, Southfield

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http://www.creditacceptance.com
address Credit Acceptance Corporation(CACC)
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