CACC News and Press, Credit Acceptance Corporation From 12/27/22

Credit Acceptance ( NASDAQ: CACC ) said Tuesday it increased one of its revolving secured warehouse facilities to $200M from $125. The auto lender also extended the date when the facility will cease to revolve from December 18, 2023 to December 29, 2025. The facility's maturit...

Southfield, Michigan , Dec. 27, 2022 (GLOBE NEWSWIRE) -- Credi t Acceptance Corporation (Nasdaq : CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we increased the...

Summary Ruane, Cunniff & Goldfarb’s 13F portfolio value decreased from $7.67B to $6.73B this quarter. The number of positions remained steady at 31. They added Capital One Financial and increased Meta Platforms while decreasing Taiwan Semi, Netflix, and Micron during the quar...

Southfield, Michigan, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq : CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $200.0 million ass...

Southfield, Michigan, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq : CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named #14 among midsize organi...

Summary Since I recommended taking profits on Credit Acceptance Corporation, the stock has incurred a 24% correction. Credit Acceptance Corporation is currently facing some business headwinds, primarily due to the surge of inflation to a 40-year high. The stock of Credit Acceptance ...

Southfield, Michigan , Nov. 22, 2022 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq : CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been awarded a 2022 Top Work...

Summary William von Mueffling's 13F portfolio value decreased this quarter from $11.98B to $11.04B. Cantillon increased Microsoft, BlackRock, Entegris, and SS&C Technologies during the quarter. The portfolio continues to be very concentrated with the top five positions acc...

Credit Acceptance ( NASDAQ: CACC ) said Thursday it completed a $389.9M asset-backed non-recourse secured financing. The company contributed loans worth ~$500.1M to a wholly-owned special purpose entity. The entity will transfer the loans to a trust, which will issue f...

Southfield, Michigan , Nov. 03, 2022 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $389.9 million asset...