Credit Acceptance(CACC)
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Why Is Credit Acceptance (CACC) Down 4.8% Since Last Earnings Report?
Zacks Investment Research· 2024-03-02 01:36
It has been about a month since the last earnings report for Credit Acceptance (CACC) . Shares have lost about 4.8% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Credit Acceptance due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Credit Acceptance Q4 Earnings B ...
Credit Acceptance Announces Completion of $200.0 Million Asset-Backed Financing
Newsfilter· 2024-02-28 05:02
公司融资计划 - Credit Acceptance Corporation宣布完成了一项价值2亿美元的资产担保非追索融资[1] - 融资将发行三类票据,预期年化成本约为7.8%[1] 公司历史 - Credit Acceptance自1972年以来一直提供融资计划,帮助汽车经销商向消费者销售车辆[3] - 公司的融资计划使得消费者有机会改善信用评分,从而获得更传统的融资来源[4]
Credit Acceptance Announces Extension of $100.0 Million Asset-Backed Financing
Newsfilter· 2024-02-17 05:02
融资计划 - Credit Acceptance Corporation宣布将100.0百万美元资产支持的非追索担保融资延长至2026年2月17日[1] - 自1972年以来,Credit Acceptance一直提供融资计划,使汽车经销商能够向消费者销售车辆,无论其信用记录如何[2] - Credit Acceptance的融资计划通过全国范围的汽车经销商提供,这些经销商从向否则无法获得融资的消费者销售车辆中受益[3]
Credit Acceptance(CACC) - 2023 Q4 - Annual Report
2024-02-12 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ________ Commission file number 000-20202 CREDIT ACCEPTANCE CORPORATION (Exact name of registrant as specified in its charter) Michigan 38-1999511 (State o ...
Credit Acceptance (CACC) Gains on Q4 Earnings Beat, Revenue Rise
Zacks Investment Research· 2024-02-02 02:51
Shares of Credit Acceptance Corporation (CACC) gained 2.4% in the after-market trading following the release of its fourth-quarter and 2023 results. Quarterly earnings of $7.29 per share surpassed the Zacks Consensus Estimate of $4.52 by a significant margin. However, the bottom line reflects a 23.9% fall from the prior-year quarter. These figures include certain non-recurring items. Results were aided by an improvement in GAAP revenues and consumer loan assignment volumes. However, higher operating expense ...
Credit Acceptance(CACC) - 2023 Q4 - Earnings Call Transcript
2024-02-01 12:13
Credit Acceptance Corporation (NASDAQ:CACC) Q4 2023 Earnings Conference Call January 31, 2024 5:00 PM ET Company Participants Jay Martin - Chief Financial Officer Ken Booth - Chief Executive Officer Douglas Busk - Chief Treasury Officer Conference Call Participants Moshe Orenbuch - TD Cowen Robert Wildhack - Autonomous Research Vincent Caintic - Stephens Operator Good day everyone and welcome to the Credit Acceptance Corporation Fourth Quarter 2023 Earnings Call. Today's call is being recorded. A webcast an ...
Credit Acceptance (CACC) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-01 08:01
营收情况 - Credit Acceptance (CACC)在2023年12月结束的季度报告中,营收达到4.916亿美元,同比增长7.1%。[1] - 与Zacks Consensus Estimate的4.788亿美元相比,报告的营收为4.916亿美元,超出了预期2.67%。[2] - 其他收入方面的营收为18.40万美元,低于三位分析师平均估计的21.58万美元,同比下降29%。[5] 每股收益 - 公司的每股收益(EPS)为7.29美元,与一年前的9.58美元相比有所下降。[1] - 公司的EPS惊喜达到了61.28%,预期EPS为4.52美元。[2] 财务情况 - 赚取的保费收入为21.60万美元,高于三位分析师平均估计的19.99万美元,同比增长26.3%。[6] - 财务费用为4.516亿美元,高于三位分析师平均估计的4.3723亿美元,同比增长8.6%。[7] 股票表现 - Credit Acceptance的股票在过去一个月中回报+2.6%,低于Zacks S&P 500综合指数的+3.3%变化。[8]
Credit Acceptance (CACC) Q4 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-02-01 07:16
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 qu ...
Credit Acceptance Announces Fourth Quarter and Full Year 2023 Results
Newsfilter· 2024-02-01 05:02
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 ...
Credit Acceptance Promotes Jay Martin to Chief Financial Officer
Newsfilter· 2024-01-26 05:01
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 ...