CACC News and Press, Credit Acceptance Corporation From 05/02/23

2023-05-02 13:32:35 ET Financing company Credit Acceptance ( NASDAQ: CACC ) fell ~13% on Tuesday noon as significantly high provisions hit quarterly earnings. The subprime lender posted Q1 non-GAAP EPS of $9.71, misses by $0.62, and revenue of $453.8M (-0.4% Y/Y), misses...

2023-05-01 19:12:02 ET Credit Acceptance Corporation (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 Accoun...

2023-05-01 16:11:05 ET Credit Acceptance press release ( NASDAQ: CACC ): Q1 Non-GAAP EPS of $9.71 misses by $0.62 . Revenue of $453.8M (-0.4% Y/Y) misses by $4.32M . For further details see: Credit Acceptance Non-GAAP EPS of $9.71 misses by $0.62, revenue...

Southfield, Michigan , May 01, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $99.5...

2023-04-28 17:12:05 ET Credit Acceptance ( NASDAQ: CACC ) said Friday it has extended the maturity date of its $400.0 million revolving secured warehouse facility by two years to April 30, 2026. The interest rate on borrowings under the facility has increased from LIBOR ...

Southfield, Michigan, April 24, 2023 (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 ...

2023-04-21 09:08:25 ET Summary “Best” in comparison to Risk~Reward tradeoffs of an equity investor’s today alternatives, as seen by “institutional investor” experienced evaluators and Market-making professional traders. Definitions: Reward = prof...

Southfield, Michigan, April 06, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has again been named one of the 100 Best Compan...

2023-03-16 16:10:05 ET Credit Acceptance ( NASDAQ: CACC ) has announced the completion of a $400M asset-backed non-recourse secured financing. Pursuant to this transaction, the Co. contributed loans having a value of ~$500.2M to a wholly-owned special purpose entity which ...

Southfield, Michigan, March 16, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $400.0 million asset-backe...