Workflow
CACC's Q1 Earnings Miss, Stock Gains 2.6% on Higher Finance Charges
CACCCredit Acceptance(CACC) ZACKS·2025-05-01 20:05

Credit Acceptance Corporation’s (CACC) first-quarter 2025 earnings per share of 8.66laggedtheZacksConsensusEstimateof8.66 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 ...