Credit Acceptance (CACC) Q2 Earnings and Revenues Lag Estimates

Credit Acceptance (CACC) came out with quarterly earnings of $8.56 per share, missing the Zacks Consensus Estimate of$ 9.84 per share. This compares to a loss of $3.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.01%. A quarter ago, it was expected that this auto financing company would post earnings of$ 10.31 per share when it actually produced earnings of $8.66, delivering a surprise of -16%.Over the last four quarter ...