Credit Acceptance Corporation

CACC

US2253101016

Consumer Lending

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
526.6 ^USD	+2.15%		-1.66%	-1.15%

Mar. 25	Credit Acceptance Insider Sold Shares Worth $1,431,450, According to a Recent SEC Filing	MT
Mar. 04	Credit Acceptance Insider Sold Shares Worth $6,927,701, According to a Recent SEC Filing	MT

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

February 16, 2024 at 04:02 pm EST

Credit Acceptance Corporation announced that have extended the $100.0 million asset-backed non-recourse secured financing that entered into on January 29, 2021 (the Financing) and to which refer as Term ABS 2021-1. Under the amendment effecting the extension, the date on which the Financing will cease to revolve has been extended from December 16, 2024 to February 17, 2026.

Latest news about Credit Acceptance Corporation

Credit Acceptance Insider Sold Shares Worth $1,431,450, According to a Recent SEC Filing	Mar. 25	MT
Credit Acceptance Insider Sold Shares Worth $6,927,701, According to a Recent SEC Filing	Mar. 04	MT
Credit Acceptance Extends $100 Million Financing Through February 2026	Feb. 16	MT
Credit Acceptance Corporation Announces Extension of $100.0 Million Asset-Backed Financing	Feb. 16	CI
Credit Acceptance Insider Sold Shares Worth $289,990, According to a Recent SEC Filing	Feb. 06	MT
Credit Acceptance Insider Sold Shares Worth $2,854,124, According to a Recent SEC Filing	Feb. 06	MT
Transcript : Credit Acceptance Corporation, Q4 2023 Earnings Call, Jan 31, 2024	Jan. 31
Credit Acceptance Q4 Adjusted Earnings Decline While Revenue Increases	Jan. 31	MT
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Posts Q4 EPS $10.06, vs. Street Est of $7.34	Jan. 31	MT
Earnings Flash (CACC) CREDIT ACCEPTANCE CORPORATION Reports Q4 Revenue $491.6M, vs. Street Est of $489.5M	Jan. 31	MT
Credit Acceptance Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 31	CI
Tranche Update on Credit Acceptance Corporation's Equity Buyback Plan announced on August 24, 2023.	Jan. 30	CI
Credit Acceptance Selects New CFO	Jan. 25	MT
Credit Acceptance Appoints Jay Martin as Chief Financial Officer	Jan. 24	CI
Sector Update: Financial	Jan. 02	MT
Sector Update: Financial Stocks Decline Premarket Tuesday	Jan. 02	MT
Credit Acceptance Extends $300 Million Revolving Secured Warehouse Facility	Dec. 29	MT
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility	Dec. 29	CI
Credit Acceptance Insider Sold Shares Worth $262,092, According to a Recent SEC Filing	Dec. 27	MT
Sector Update: Financial Stocks Lean Lower Premarket Wednesday	Dec. 20	MT
Credit Acceptance Closes Offering of $600 Million Senior Notes due 2028, Completes Tender Offer for Senior Notes due 2024	Dec. 19	MT
Credit Acceptance Announces Closing of $600.0 Million Senior Notes Offering and Completion of Tender Offer for Senior Notes Due 2024	Dec. 19	CI
Credit Acceptance Prices $600 Million Senior Notes Offering	Dec. 06	MT
Credit Acceptance Announces Pricing of $600.0 Million Senior Notes Offering	Dec. 05	CI
Credit Acceptance Planning $500 Million Notes Offering	Dec. 05	MT

Chart Credit Acceptance Corporation

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Company Profile

Credit Acceptance Corporation is engaged in offering that enable automobile dealers to sell vehicles to consumers. The Companyâs 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.

Sector

Consumer Lending

Calendar

2024-04-29 - Q1 2024 Earnings Release

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Ratings for Credit Acceptance Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

526.6 USD

Average target price

491 USD

Spread / Average Target

-6.76%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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Consumer Leasing