SOUTHFIELD, Mich. (AP) _ Credit Acceptance Corp. (CACC) on Thursday reported third-quarter profit of $242.1 million.

The Southfield, Michigan-based company said it had net income of $13.56 per share.

The auto financing company posted revenue of $426.5 million in the period.

Credit Acceptance shares have dropped 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $318.82, a fall of 28% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CACC at https://www.zacks.com/ap/CACC

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