CACC News and Press, Credit Acceptance Corporation From 07/29/23

2023-07-29 06:05:00 ET Summary At Curreen Capital, we are passionate about making smart long-term investments to build your wealth. We tend to own 5-15 investments at any one time – concentrating our efforts on the very best and most misunderstood opportunities that we can find...

Southfield, Michigan, July 25, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (N asdaq : CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to ...

Southfield, Michigan, July 19, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the Best Workplaces for Mi...

2023-07-14 15:20:54 ET Summary Credit Acceptance, a subprime auto lender, is recommended as a sell due to structural issues and threats such as high interest rates and potential higher than expected default rates. The company's provisions for loan losses are deemed insufficient to...

2023-06-22 16:11:37 ET Credit Acceptance ( NASDAQ: CACC ) said on Thursday that the consumer finance company has extended the maturity of its revolving secured line of credit facility with a commercial bank syndicate. The maturity date has been extended to June 22, 2026, from ...

2023-06-22 01:06:52 ET Summary Ruane, Cunniff & Goldfarb's 13F portfolio value decreased by around 4% to $6.12B in Q1 2023, with the number of holdings dropping from 32 to 31. The top three positions, Intercontinental Exchange, Formula One Group, and Alphabet, account for arou...

2023-06-19 15:00:00 ET Amidst the recent outperformance of megacap tech and other AI beneficiaries, Goldman Sachs has raised its S&P 500 year-end price target to 4,500 from 4,000, suggesting a potential upside of 2% from the current level of 4,400. For bulls that believe the rest of...

2023-05-25 16:21:09 ET Credit Acceptance ( NASDAQ: CACC ), which offers vehicle financing programs to auto dealers, completed on Thursday a $400.0M asset-backed non-recourse secured financing. The company contributed loans having a value of ~$500.1M to a wholly-owned special...

2023-05-03 03:28:00 ET Summary Our fund was down 0.34% in the first quarter. We own good businesses trading at low prices. Our policy allows us to build a very attractive portfolio during an especially risky period in the stock market, without requiring that we divine the futu...

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...