Group 1 - Credit Acceptance Corporation is set to release its first quarter 2025 earnings on April 30, 2025, after market close [1] - A conference call and webcast will be held on April 30, 2025, at 5:00 p.m. Eastern Time to discuss the earnings [2] - The webcast can be accessed live through the "Investor Relations" section of the company's website, with a replay and transcript available afterward [3] Group 2 - Credit Acceptance Corporation provides innovative financing solutions that enable automobile dealers to sell vehicles to consumers with varying credit histories [4] - The company's financing programs help consumers who might otherwise be unable to purchase vehicles, thereby improving their credit scores and access to traditional financing [5]

Core Insights - Credit Acceptance Corporation has been recognized as a 2025 Spring Culture Excellence Top Workplaces award winner in five categories: Work-Life Flexibility, Leadership, Innovation, Purpose & Values, and Compensation & Benefits [1] - The company emphasizes a remote-first approach and meaningful leadership development, with 93% of team members agreeing that it is a great place to work [2] - This recognition follows other accolades, including ranking 2 on the 2025 Top Workplaces USA list and 34 on the 2025 Fortune 100 Best Companies to Work For® list [3] Company Overview - Credit Acceptance provides innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history [5] - The financing programs help consumers improve their credit scores, allowing them to transition to more traditional sources of financing [6] - The company is publicly traded on the Nasdaq Stock Market under the symbol CACC [6] Awards and Recognition - The Top Workplaces Awards are based on a survey by Energage, measuring 15 Culture Drivers that predict high performance against industry benchmarks [4] - Recent recognitions include being named in Fortune's Best Workplaces for Women™, Best Workplace for Financial Services and Insurance™, and Best Workplace for Millennials™ [3]

Company Overview - Credit Acceptance (CACC) shares increased by 7% to $501.25 in the last trading session, with a higher-than-average trading volume, contrasting with a 0.7% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $10.31 per share, reflecting a year-over-year increase of 103%, and revenues are projected to be $568.15 million, up 11.8% from the previous year [2] Earnings and Estimates - The consensus EPS estimate for Credit Acceptance has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - The stock currently holds a Zacks Rank of 2 (Buy), suggesting positive sentiment among analysts [4] Industry Context - Credit Acceptance is part of the Zacks Financial - Consumer Loans industry, which includes other companies like Ally Financial (ALLY) [4] - Ally Financial's consensus EPS estimate has decreased by 2.2% over the past month to $0.46, representing a year-over-year change of +2.2%, and it currently holds a Zacks Rank of 3 (Hold) [5]

Group 1 - Credit Acceptance Corporation has been recognized as one of the 100 Best Companies to Work For by Great Place To Work and Fortune magazine in 2025, achieving a ranking of 34, which is an improvement of five spots from the previous year [1] - The company emphasizes a positive workplace culture, with 93% of team members agreeing that it is a great place to work, highlighting practices such as remote work flexibility and active feedback implementation [2] - Credit Acceptance has received multiple accolades from Fortune, including Best Workplace for Financial Services and Insurance, Best Workplace for Millennials, and Best Workplace for Women [3] Group 2 - The selection process for the 100 Best Companies involved analyzing over 1.3 million confidential survey responses from more than 8.4 million U.S. employees, with over 670,000 responses from employees at eligible companies [4] - Credit Acceptance provides innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history, thus facilitating vehicle ownership [5] - The company's financing programs not only help consumers purchase vehicles but also provide an opportunity to improve their credit scores, allowing them to access more traditional financing options in the future [6]

Core Insights - Credit Acceptance Corporation has been recognized as one of the 100 Best Companies to Work For® by Great Place To Work® and Fortune magazine in 2025, achieving a ranking of 34, which is an improvement of five spots from the previous year [1] Group 1: Company Culture and Employee Satisfaction - The CEO of Credit Acceptance highlighted the company's award-winning culture, emphasizing remote work flexibility, active feedback implementation, and adherence to PRIDE values—Positive, Respectful, Insightful, Direct, and Earnest [2] - A significant 93% of team members agree that Credit Acceptance is a great place to work, indicating a strong commitment to fostering a valued and empowered work environment [2] Group 2: Additional Accolades - Credit Acceptance has received multiple accolades from Fortune, including Best Workplace for Financial Services and Insurance™, Best Workplace for Millennials™, and Best Workplace for Women™ [3] - The company has also been recognized as a Top Workplaces USA Award winner and one of People Magazine's Companies that Care® [3] Group 3: Selection Process for Awards - The selection for the 100 Best Companies to Work For® involved analyzing over 1.3 million confidential survey responses from more than 8.4 million U.S. employees, with over 670,000 responses from employees at eligible companies [4] - Organizations are evaluated based on their efforts to create supportive and high-performance work experiences for all employees [4] Group 4: Company Overview - Credit Acceptance provides innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history, thus facilitating vehicle ownership [5] - The financing programs not only help consumers purchase vehicles but also provide an opportunity to improve their credit scores, allowing them to access more traditional financing options in the future [6]

Core Viewpoint - Credit Acceptance Corporation has completed a $400 million asset-backed non-recourse secured financing, involving the conveyance of loans valued at approximately $500.2 million to a special purpose entity, which will issue three classes of notes [1]. Financing Details - The financing structure includes three classes of notes with the following details: - Class A: $223.08 million, average life of 2.48 years, priced at 99.99519%, with an interest rate of 5.02% - Class B: $65.78 million, average life of 3.14 years, priced at 99.97454%, with an interest rate of 5.30% - Class C: $111.14 million, average life of 3.52 years, priced at 99.98897%, with an interest rate of 5.71% [1]. - The company will receive 4% of the cash flows from the underlying consumer loans to cover servicing expenses, while 96% will be allocated to pay principal and interest on the notes and ongoing financing costs [1]. Company Overview - Credit Acceptance Corporation provides innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history, thus facilitating vehicle ownership [3]. - The company's financing programs help consumers improve their credit scores, allowing them to transition to more traditional financing sources [4].

Core Insights - Credit Acceptance Corporation has been recognized as a 2025 Top Workplaces USA award winner for the fifth consecutive year, achieving a 2 ranking in the 1,000-2,499-employee size category, an improvement of 7 spots from the previous year [1][4]. Company Culture and Employee Engagement - The award reflects the dedication and commitment of Credit Acceptance's over 2,400 team members, emphasizing a culture built around the core values of PRIDE – Positive, Respectful, Insightful, Direct, and Earnest [2][3]. - The company promotes a stable business environment and a strong listening culture where every employee's voice is valued, contributing to its recognition as a great workplace [3]. Remote Work Practices - Nearly 95% of the workforce operates fully remote, allowing employees to maintain a work-life balance while excelling in their personal and professional lives [3]. - Initiatives such as monthly in-office days and quarterly regional meetings are implemented to keep team members connected despite physical distances [3]. Recognition and Awards - This award marks the first workplace recognition for the year, following a record of 13 awards received in 2024, including a 39 ranking in the Fortune 100 Best Companies to Work For list [4]. - Other notable accolades include recognition from PEOPLE Magazine and Fortune for various workplace categories [4]. Company Overview - Credit Acceptance provides innovative financing solutions that enable automobile dealers to sell vehicles to consumers with varying credit histories, thus facilitating vehicle ownership [6]. - The financing programs not only assist consumers in purchasing vehicles but also help improve their credit scores, allowing them to access traditional financing options in the future [7].

Core Viewpoint - Credit Acceptance Corporation has successfully closed a $500 million offering of 6.625% senior notes due 2030, with the proceeds primarily aimed at funding the redemption of existing notes and for general corporate purposes [1][3]. Group 1: Offering Details - The company announced the closing of a private offering of $500 million aggregate principal amount of its 6.625% senior notes due 2030 at an issue price of 100% of the principal amount [1]. - The net proceeds from the offering are expected to be approximately $492.9 million after deducting fees and expenses [3]. Group 2: Redemption of Existing Notes - The company completed the redemption of all its 6.625% senior notes due 2026 in accordance with the indenture governing those notes [2]. - A portion of the net proceeds from the new offering was used to fund the redemption of the 2026 notes [3]. Group 3: Use of Proceeds - The remaining net proceeds from the offering will be utilized for general corporate purposes [3]. Group 4: Regulatory Compliance - The notes were offered only to qualified institutional buyers under Rule 144A of the Securities Act, and they will not be registered under the Securities Act [4].

Group 1 - Credit Acceptance Corporation announced a conditional notice of redemption for its 6.625% senior notes due 2026, totaling $400.0 million, scheduled for February 28, 2025 [1][2] - The redemption is contingent upon the company receiving at least $400.0 million from the offering of senior notes due 2030, which was also announced on the same day [1] - A notice of conditional full redemption will be sent to the holders of the 2026 notes by the trustee, detailing the terms and conditions of the redemption [2]

Core Viewpoint - Credit Acceptance Corporation has successfully priced $500 million of its 6.625% senior notes due 2030, increasing the offering size from the previously announced $400 million [1] Group 1: Offering Details - The notes are priced at 100% of the principal amount and the closing of the sale is expected around February 28, 2025, subject to customary closing conditions [1] - The net proceeds from the offering will be used to redeem all outstanding $400 million 6.625% senior notes due 2026 and for general corporate purposes [1] Group 2: Regulatory Information - The notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and will not be registered under the Securities Act [2]