Credit Acceptance (CACC) Reports Q2 Loss, Tops Revenue Estimates

Credit Acceptance (CACC) came out with a quarterly loss of $3.83 per share versus the Zacks Consensus Estimate of$ 7.20. This compares to earnings of $1.69 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -153.19%. A quarter ago, it was expected that this auto financing company would post earnings of$ 6.81 per share when it actually produced earnings of $5.08, delivering a surprise of -25.40%. Over the last four quarters, the c ...