Credit Acceptance Corporation’s (CACC) first-quarter 2025 earnings per share of $8.66 lagged the Zacks Consensus Estimate of $10.31. However, the bottom line surged 70.5% year over year.Results were hurt by an increase in operating expenses. On the other hand, higher finance charges, growth in net loan receivables and a fall in provisions were the tailwinds. Thus, investors were bullish on the stock, which rallied 2.6% in after-hours trading.Excluding the non-recurring items, adjusted net income was $114.8 ...

Credit Acceptance (CACC) came out with quarterly earnings of $8.66 per share, missing the Zacks Consensus Estimate of $10.31 per share. This compares to earnings of $5.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16%. A quarter ago, it was expected that this auto financing company would post earnings of $6.82 per share when it actually produced earnings of $12.26, delivering a surprise of 79.77%.Over the last four quart ...

Credit Acceptance (CACC) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Jay Martin - Chief Financial OfficerKenneth Booth - CEO, President & DirectorJay Brinkley - Senior Vice President & TreasurerJohn Rowan - Managing DirectorDouglas Busk - Chief Treasury OfficerJordan Hymowitz - Portfolio Manager Conference Call Participants Moshe Orenbuch - Managing Director & Senior AnalystRobert Wildhack - Equity Research Analyst - Director Operator Good day, everyone, and welcome to the Credit A ...

Credit Acceptance (CACC) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Speaker0 Good day, everyone, and welcome to the Credit Acceptance Corporation First Quarter twenty twenty five Earnings call will be made available on Credit Acceptance's website. At this time, I would now like to turn the call over to Credit Acceptance's Chief Financial Officer, Jay Martin. Speaker1 Thank you. Good afternoon, and welcome to the Credit Acceptance Corporation First Quarter twenty twenty five Earnings Call. As you read ...

(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact name of registrant as specified in its charter) Michigan 38-1999511 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Id ...

Credit Acceptance 25505 West Twelve Mile Road Southfield, MI 48034-8339 (248) 353-2700 creditacceptance.com FOR IMMEDIATE RELEASE NEWS RELEASE Date: April 30, 2025 Investor Relations: Douglas W. Busk Chief Treasury Officer (248) 353-2700 Ext. 4432 IR@creditacceptance.com Nasdaq Symbol: CACC CREDIT ACCEPTANCE ANNOUNCES FIRST QUARTER 2025 RESULTS Southfield, Michigan – April 30, 2025 – Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today ...

Southfield, Michigan, April 30, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $106.3 million, or $8.66 per diluted share, for the three months ended March 31, 2025. Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2025 was $114.8 million, or $9.35 per diluted share. The following table summarizes our financial results: (In million ...

Southfield, Michigan, April 24, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that on April 24, 2025, the Consumer Financial Protection Bureau (“CFPB”) filed an unopposed motion to withdraw from the lawsuit that it initiated jointly on January 4, 2023, with the Office of the New York State Attorney General (NYAG) against Credit Acceptance in the United States District Court for the Southern Dist ...

Southfield, Michigan, April 23, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our first quarter 2025 earnings on Wednesday, April 30, 2025, after the market closes. A webcast is scheduled for Wednesday, April 30, 2025, at 5:00 p.m. Eastern Time to discuss first quarter 2025 earnings.  Conference Call and Webcast Information:Date: Wednesday, April 30, 2 ...

Southfield, Michigan, April 23, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) is proud to announce our recognition as a 2025 Spring Culture Excellence Top Workplaces award winner in the following five categories: Work-Life Flexibility, Leadership, Innovation, Purpose & Values, and Compensation & Benefits. “These awards are a reflection of what makes our culture special,” said Wendy Rummler, Chief People Officer ...