Credit Acceptance (CACC) reported $491.6 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.1%. EPS of $7.29 for the same period compares to $9.58 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $478.8 million, representing a surprise of +2.67%. The company delivered an EPS surprise of +61.28%, with the consensus EPS estimate being $4.52.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

Credit Acceptance (CACC) came out with quarterly earnings of $7.29 per share, beating the Zacks Consensus Estimate of $4.52 per share. This compares to earnings of $9.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 61.28%. A quarter ago, it was expected that this auto financing company would post earnings of $6.59 per share when it actually produced earnings of $5.43, delivering a surprise of -17.60%.Over the last four quar ...

Southfield, Michigan, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net income of $93.6 million, or $7.29 per diluted share, for the three months ended December 31, 2023 compared to consolidated net income of $127.3 million, or $9.58 per diluted share, for the same period in 2022. Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2023 ...

Southfield, Michigan, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today the promotion of Jay Martin to Chief Financial Officer, effective January 23, 2024. Since joining Credit Acceptance in 2003, Mr. Martin has been successful in a variety of increasingly challenging roles throughout his tenure, including his most recent role as Senior Vice President, Finance and Accounting. He has played a ...

Southfield, Michigan, Jan. 24, 2024 (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 fourth quarter 2023 earnings on Wednesday, January 31, 2024, after the market closes. A webcast is scheduled for Wednesday, January 31, 2024, at 5:00 p.m. Eastern Time to discuss fourth quarter 2023 earnings.   Conference Call and Webcast Information:Date: Wednesday, Janua ...

Credit Acceptance Corporation (NASDAQ:CACC) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Douglas Busk - Chief Treasury Officer Conference Call Participants John Rowan - Janney Montgomery Scott John Hecht - Jefferies Robert Wildhack - Autonomous Research Operator Good day, everyone and welcome to the Credit Acceptance Corporation Third Quarter 2023 Earnings Call. Today's call is being recorded. A webcast and transcript of today's earnings call will be made available on Cr ...

(1) Measured at amortized cost with fair value disclosed. (2) Measured at fair value on a recurring basis. Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED) (UNAUDITED) 5. RESTRICTED SECURITIES AVAILABLE FOR SALE | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------|------------------------|---------------------|-------|----------------------|---------------------------|-------------------------------- ...

Credit Acceptance Corporation (NASDAQ:CACC) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET Company Participants Doug Busk - Chief Treasury Officer Ken Booth - CEO Jay Martin - SVP, Finance and Accounting Conference Call Participants Arjun Tuteja - Jarislowsky Fraser John Rowan - Janney Montgomery Scott Robert Wildhack - Autonomous Research Vincent Caintic - Stephens Ray Cheesman - Anfield Capital Management Operator Good day, everyone, and welcome to the Credit Acceptance Corporation's Second Qu ...

CREDIT ACCEPTANCE CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------|-------|------------------------------------------|--------------------|------------------------|-------|-----------------------------------------|--------------------|----------------------| | (In millions) \nNet income | $ | For the Three June \n2023 \n22.2 | Months 30, \n$ | Ended \n2022 \n107.4 ...

Credit Acceptance Corporation (NASDAQ:CACC) Q1 2023 Earnings Conference Call May 1, 2023 5:00 PM ET Company Participants Doug Busk - Chief Treasury Officer Ken Booth - Chief Executive Officer Jay Martin - Senior Vice President, Finance and Accounting Conference Call Participants Moshe Orenbuch - Credit Suisse Robert Wildhack - Autonomous Research John Rowan - Janney Ray Cheesman - Anfield Capital Management Operator Good day, everyone. And welcome to the Credit Acceptance Corporation First Quarter 2023 Earn ...