Credit Acceptance (CACC)
(Real Time Quote from BATS)
$510.76 USD
-11.46 (-2.19%)
Updated Apr 25, 2024 01:20 PM ET
3-Hold of 5 3
C Value D Growth C Momentum C VGM
Company Summary
Headquartered in Southfield, MI, Credit Acceptance Corporation is a credit services company. The company, founded in 1972, operates through one segment. The segment primarily focuses on offering financing programs, and related products and services to automobile dealers in the United States enabling them to sell vehicles to consumers irrespective of their credit history.
Credit Acceptance offers financing programs through a country-wide network of automobile dealers. These dealers benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers ...
Company Summary
Headquartered in Southfield, MI, Credit Acceptance Corporation is a credit services company. The company, founded in 1972, operates through one segment. The segment primarily focuses on offering financing programs, and related products and services to automobile dealers in the United States enabling them to sell vehicles to consumers irrespective of their credit history.
Credit Acceptance offers financing programs through a country-wide network of automobile dealers. These dealers benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for financing programs but actually end up qualifying for traditional financing.
Credit Acceptance has two loan programs:
Portfolio Program: Under this, the company gives money to dealers (called Dealer Loans) in exchange for the right to service the underlying Consumer Loan.
Purchase Program: Under this, the company buys Consumer Loans from the dealers (called Purchased Loan) and keeps all the money collected from the consumer.
Further, Credit Acceptance through its wholly-owned subsidiary, VSC Re Company, is engaged in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company.
As of Dec 31, 2023, Credit Acceptance had net loans receivable of $6.96 billion, total assets of $7.61 billion, cash and cash equivalents (including restricted cash) of $470.9 million and total shareholders’ equity of $1.75 billion.
General Information
Credit Acceptance Corporation
25505 W. Twelve Mile Road
Southfield, MI 48034
Phone: 248-353-2700
Fax: 248-353-9776
Web: http://www.creditacceptance.com
Email: ir@creditacceptance.com
| Industry | Financial - Consumer Loans |
| Sector | Finance |
| Fiscal Year End | December |
| Last Reported Quarter | 3/31/2024 |
| Exp Earnings Date | 4/30/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 7.59 |
| Current Year EPS Consensus Estimate | 34.95 |
| Estimated Long-Term EPS Growth Rate | NA |
| Exp Earnings Date | 4/30/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 522.22 |
| 52 Week High | 616.66 |
| 52 Week Low | 379.77 |
| Beta | 1.45 |
| 20 Day Moving Average | 60,122.35 |
| Target Price Consensus | 455.00 |
| 4 Week | -5.33 |
| 12 Week | -3.48 |
| YTD | -1.97 |
| 4 Week | -2.02 |
| 12 Week | -7.78 |
| YTD | -7.81 |
| Shares Outstanding (millions) | 12.30 |
| Market Capitalization (millions) | 6,424.85 |
| Short Ratio | NA |
| Last Split Date | 12/21/1994 |
| Dividend Yield | 0.00% |
| Annual Dividend | $0.00 |
| Payout Ratio | 0.00 |
| Change in Payout Ratio | 0.00 |
| Last Dividend Payout / Amount | NA / $0.00 |
Fundamental Ratios
| P/E (F1) | 14.94 |
| Trailing 12 Months | 23.72 |
| PEG Ratio | NA |
| vs. Previous Year | -14.31% |
| vs. Previous Quarter | -5.98% |
| vs. Previous Year | 7.10% |
| vs. Previous Quarter | 2.72% |
| Price/Book | 3.74 |
| Price/Cash Flow | 11.67 |
| Price / Sales | 3.38 |
| 3/31/24 | NA |
| 12/31/23 | 30.94 |
| 9/30/23 | 33.12 |
| 3/31/24 | NA |
| 12/31/23 | 7.30 |
| 9/30/23 | 7.85 |
| 3/31/24 | NA |
| 12/31/23 | 15.71 |
| 9/30/23 | 18.50 |
| 3/31/24 | NA |
| 12/31/23 | 15.71 |
| 9/30/23 | 18.50 |
| 3/31/24 | NA |
| 12/31/23 | 28.16 |
| 9/30/23 | 30.10 |
| 3/31/24 | NA |
| 12/31/23 | 15.04 |
| 9/30/23 | 17.11 |
| 3/31/24 | NA |
| 12/31/23 | 19.33 |
| 9/30/23 | 22.16 |
| 3/31/24 | NA |
| 12/31/23 | 139.55 |
| 9/30/23 | 135.35 |
| 3/31/24 | NA |
| 12/31/23 | NA |
| 9/30/23 | NA |
| 3/31/24 | NA |
| 12/31/23 | 2.84 |
| 9/30/23 | 2.84 |
| 3/31/24 | NA |
| 12/31/23 | 73.99 |
| 9/30/23 | 73.99 |