Why Is Credit Acceptance (CACC) Down 4.8% Since Last Earnings Report?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?
- 03/01/2024
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Credit Acceptance Announces Completion of $200.0 Million Asset-Backed Financing
- Southfield, Michigan, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $200.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $250.1 million to a wholly owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:
- 02/27/2024
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Credit Acceptance Announces Extension of $100.0 Million Asset-Backed Financing
- Southfield, Michigan, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have extended the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 (the “Financing”) and to which we refer as Term ABS 2021-1. Under the amendment effecting the extension, the date on which the Financing will cease to revolve has been extended from December 16, 2024 to February 17, 2026.
- 02/16/2024
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Credit Acceptance (CACC) Gains on Q4 Earnings Beat, Revenue Rise
- Credit Acceptance (CACC) records a rise in revenues and operating expenses in the fourth quarter of 2023.
- 02/01/2024
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Credit Acceptance Corporation (CACC) Q4 2023 Earnings Call Transcript
- Credit Acceptance Corporation (CACC) Q4 2023 Earnings Call Transcript
- 01/31/2024
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Credit Acceptance (CACC) Reports Q4 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for Credit Acceptance (CACC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 01/31/2024
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Credit Acceptance (CACC) Q4 Earnings and Revenues Top Estimates
- 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.
- 01/31/2024
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Credit Acceptance Announces Fourth Quarter and Full Year 2023 Results
- 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 was $129.1 million, or $10.06 per diluted share, compared to $156.1 million, or $11.74 per diluted share, for the same period in 2022. The following table summarizes our financial results:
- 01/31/2024
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Seeking Clues to Credit Acceptance (CACC) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
- Besides Wall Street's top -and-bottom-line estimates for Credit Acceptance (CACC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
- 01/29/2024
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Credit Acceptance Promotes Jay Martin to Chief Financial Officer
- 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.
- 01/25/2024
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Credit Acceptance Announces Timing of Fourth Quarter 2023 Earnings Release and Webcast
- Southfield, Michigan, Jan. 24, 2024 (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 release with our fourth quarter 2023 earnings on Wednesday, January 31, 2024, after the market closes. A webcast is scheduled for Wednesday, January 31, 2024, at 5:00 p.m. Eastern Time to discuss fourth quarter 2023 earnings.
- 01/24/2024
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Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility
- Southfield, Michigan, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $300.0 million revolving secured warehouse facility will cease to revolve from May 20, 2025 to December 29, 2026. There were no other material changes to the terms of the facility.
- 12/29/2023
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Credit Acceptance Announces Completion of $294.0 Million Asset-Backed Financing
- Southfield, Michigan , Dec. 21, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $294.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $375.1 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:
- 12/21/2023
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Credit Acceptance (CACC) Up 9.4% Since Last Earnings Report: Can It Continue?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?
- 11/29/2023
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Credit Acceptance: There Are Better Opportunities
- Economic indicators provide a mixed perspective: consumer confidence is declining, and interest rates are high. On the flip side, we observe growth catalysts: decreased used car prices and the expected decline in interest rates next year. However, when considering the decision to invest in Credit Acceptance or its industry peers, I lean towards choosing the latter.
- 11/16/2023
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Credit Acceptance Is Cheaply Valued But Patience May Be Required
- Credit Acceptance stock has underperformed the S&P 500 by a wide margin in the last two years due to the surge of interest rates to a 16-year high. High interest rates have impacted some of the customers of CACC, but the stock is now cheaply valued, at only 10.4 times its earnings. The company's proven ability to forecast collection rates and its consistent performance make it an attractive investment option.
- 11/15/2023
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Contrarian Investor? Get Ready to Profit With These 3 Short-Squeeze Stocks
- The stock market has been on a downswing throughout the fall. High interest rates, inflation, and geopolitical tensions are among the factors weighing on investor sentiment.
- 11/07/2023
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Credit Acceptance (CACC) Q3 Earnings Miss, Provisions Rise
- Higher expenses and provisions hurt Credit Acceptance's (CACC) Q3 earnings, while a rise in the top line offers some support.
- 10/31/2023
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Credit Acceptance Corporation (CACC) Q3 2023 Earnings Call Transcript
- Credit Acceptance Corporation (NASDAQ:CACC ) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants Douglas Busk - Chief Treasury Officer Conference Call Participants John Rowan - Janney Montgomery Scott John Hecht - Jefferies Robert Wildhack - Autonomous Research Operator Good day, everyone and welcome to the Credit Acceptance Corporation Third Quarter 2023 Earnings Call. Today's call is being recorded.
- 10/30/2023
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Compared to Estimates, Credit Acceptance (CACC) Q3 Earnings: A Look at Key Metrics
- The headline numbers for Credit Acceptance (CACC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 10/30/2023
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Credit Acceptance (CACC) Lags Q3 Earnings and Revenue Estimates
- Credit Acceptance (CACC) came out with quarterly earnings of $5.43 per share, missing the Zacks Consensus Estimate of $6.59 per share. This compares to earnings of $6.49 per share a year ago.
- 10/30/2023
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Credit Acceptance Announces Timing of Third Quarter 2023 Earnings Release and Webcast
- Southfield, Michigan, Oct. 23, 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 release with our third quarter 2023 earnings on Monday, October 30, 2023, after the market closes. A webcast is scheduled for Monday, October 30, 2023, at 5:00 p.m. Eastern Time to discuss third quarter 2023 earnings.
- 10/23/2023
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New Strong Sell Stocks for October 23rd
- CACC, DADA and OXINF have been added to the Zacks Rank #5 (Strong Sell) List on October 23, 2023.
- 10/23/2023
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New Strong Sell Stocks for October 18th
- CLF, CACC and IFF have been added to the Zacks Rank #5 (Strong Sell) List on October 18, 2023.
- 10/18/2023
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Is the Options Market Predicting a Spike in Credit Acceptance (CACC) Stock?
- Investors need to pay close attention to Credit Acceptance (CACC) stock based on the movements in the options market lately.
- 10/10/2023
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3 Consumer Loan Stocks to Gain From a Prospering Industry
- A probable economic downturn and worsening asset quality hurt the Zacks Consumer Loans industry players. Efforts to digitize operations, decent loan demand and the easing lending standards will aid companies like Capital One (COF), Credit Acceptance (CACC) and Navient (NAVI).
- 09/13/2023
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Rise in Active Dealers Aids Credit Acceptance (CACC), Costs Ail
- Credit Acceptance's (CACC) revenues will likely continue to improve, supported by the decent rise in dealer enrollments and active dealers. Yet, elevated costs might hurt profits.
- 08/18/2023
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Credit Acceptance Corporation (CACC) Q2 2023 Earnings Call Transcript
- Credit Acceptance Corporation (NASDAQ:CACC ) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET Company Participants Doug Busk - Chief Treasury Officer Ken Booth - CEO Jay Martin - SVP, Finance and Accounting Conference Call Participants Arjun Tuteja - Jarislowsky Fraser John Rowan - Janney Montgomery Scott Robert Wildhack - Autonomous Research Vincent Caintic - Stephens Ray Cheesman - Anfield Capital Management Operator Good day, everyone, and welcome to the Credit Acceptance Corporation's Second Quarter 2023 Earnings Call. Today's call is being recorded.
- 08/01/2023
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Credit Acceptance (CACC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
- The headline numbers for Credit Acceptance (CACC) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 08/01/2023
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Credit Acceptance (CACC) Q2 Earnings Lag Estimates
- Credit Acceptance (CACC) came out with quarterly earnings of $1.69 per share, missing the Zacks Consensus Estimate of $9.44 per share. This compares to earnings of $7.94 per share a year ago.
- 08/01/2023
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Credit Acceptance: Concerns On Provisions And Loan Book Quality
- 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 cover upcoming defaults, with the quality of new originations believed to have deteriorated. Given the challenges ahead, on provisions, the macro environment, and limited top line growth, we initiate coverage with a SELL rating and a downside of around 20% to $450 per share.
- 07/14/2023
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A Blessing in Disguise
- “There are two kinds of forecasters: those who don't know, and those who don't know they don't know.” This Ken Galbraith's quote can't be more relevant when it comes to many stock investors obsessed with macro news recently (think inflation, interest rate, recession).
- 06/20/2023
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Not All Growths Are Created Equal
- In one of his annual shareholder letters, Warren Buffett (Trades, Portfolio) compared three different growth stories – the great business (i.e., See's Candies) increases profits without significant capital investment; the good business (i.e.
- 06/12/2023
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The Owner Mindset
- What makes corporate managers tick for their shareholders? In our experience, nothing drives long-lasting superior performances better than an owner mindset.
- 06/05/2023
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Credit Acceptance (CACC) Up 6.7% Since Last Earnings Report: Can It Continue?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?
- 05/31/2023
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Credit Acceptance (CACC) Tanks as Q1 Earnings Miss Estimates
- A rise in expenses and higher provisions hurt Credit Acceptance (CACC) Q1 earnings, while a decent loan demand and rising consumer loan assignments offer some support.
- 05/02/2023
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Credit Acceptance (CACC) Q1 Earnings and Revenues Lag Estimates
- Credit Acceptance (CACC) came out with quarterly earnings of $7.61 per share, missing the Zacks Consensus Estimate of $10.80 per share. This compares to earnings of $14.94 per share a year ago.
- 05/01/2023
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Credit Acceptance Announces Timing of First Quarter Earnings Release and Webcast
- 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 release with our first quarter 2023 earnings on Monday, May 1, 2023, after the market closes. A webcast is scheduled for Monday, May 1, 2023, at 5:00 p.m. Eastern Time to discuss first quarter 2023 earnings.
- 04/24/2023
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Credit Acceptance: Today's Best Near-Term Cap-Gain Financial Services Prospect
- Credit Acceptance: Today's Best Near-Term Cap-Gain Financial Services Prospect.
- 04/21/2023
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Credit Acceptance Looks Promising as Used Car Drought Eases
- Ruane Cuniff & Goldfarb, a guru investment firm followed by GuruFocus, likes what it sees at Credit Acceptance Corp. ( CACC , Financial). In the Sequoia Fund's fourth-quarter 2022 letter, the firm wrote:
- 04/18/2023
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3 Consumer Loan Stocks to Benefit From the Propering Industry
- Recessionary fears and worsening asset quality hurt the Zacks Consumer Loans industry players. Efforts to digitize operations, decent loan demand and the easing lending standards will aid companies like Credit Acceptance (CACC), SLM Corp (SLM) and Navient (NAVI).
- 04/10/2023
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MDA Breakout Stocks Week 6 - February 2023: High-Frequency Gainers To Give You An Edge
- Two new Breakout Stocks for Week 6 with better than 10% short-term upside and two Dow 30 Picks. Average cumulative returns for 2023 are +28.2% YTD. This week 3 of 4 high-frequency breakout picks gained over 10% in less than a week with peak gains in TOUR +20.3%, RIVN +12.8%, JMIA +22.1%.
- 02/06/2023
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What Makes Credit Acceptance (CACC) a New Strong Buy Stock
- Credit Acceptance (CACC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 02/03/2023
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Credit Acceptance Corporation (CACC) Q4 2022 Earnings Call Transcript
- Credit Acceptance Corporation (NASDAQ:CACC ) Q4 2022 Earnings Conference Call January 31, 2023 5:00 PM ET Company Participants Doug Busk - Chief Treasury Officer Conference Call Participants Moshe Orenbuch - Credit Suisse John Rowan - Janney Montgomery Scott Rob Wildhack - Autonomous Research John Hecht - Jefferies Ray Cheesman - Anfield Capital Christopher Ryan - Radcliffe Operator Good day, everyone, and welcome to the Credit Acceptance Corporation Fourth Quarter 2022 Earnings Call. Today's call is being recorded.
- 01/31/2023
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Credit Acceptance (CACC) Surpasses Q4 Earnings and Revenue Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of 24.25% and 5.18%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 01/31/2023
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Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release and Webcast
- Southfield, Michigan , Jan. 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 release with our fourth quarter and full year 2022 earnings on Tuesday, January 31, 2023, after the market closes. A webcast is scheduled for Tuesday, January 31, 2023, at 5:00 p.m. Eastern Time to discuss fourth quarter and full year 2022 earnings.
- 01/24/2023
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Strength Seen in Credit Acceptance (CACC): Can Its 8.8% Jump Turn into More Strength?
- Credit Acceptance (CACC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
- 01/24/2023
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Why Credit Acceptance Stock Fell 17.9% This Week
- The auto lender got hit with some bad news on the legal front.
- 01/06/2023
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Active Dealer Rise Aids Credit Acceptance (CACC), Costs Ail
- Credit Acceptance's (CACC) revenues will likely continue to improve, supported by the decent rise in dealer enrollments and active dealers. Yet, elevated costs might hurt profits.
- 01/04/2023
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Credit Acceptance Has Become Interesting Again
- 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.
- 12/12/2022
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4 Stocks Meeting GuruFocus' Value Screens in December
- As investors prepare for the holiday season, GuruFocus' value screeners identified several stocks that meet screening criteria based on key principles taught by Benjamin Graham, Peter Lynch and Berkshire Hathaway Inc. ( BRK.A , Financial)( BRK.B , Financial) co-managers Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio). Four stocks that meet such criteria are Sunshine Biopharma Inc. ( SBFM , Financial), Regional Management Corp. ( RM , Financial), West Fraser Timber Co. Ltd.
- 12/05/2022
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Cascade Copper Corp. Seeks Canadian Micro-IPO
- Cascade Copper Corp. has filed to raise $740,000 in a Canadian IPO. The firm is developing potential copper, gold, and silver mineral deposits in Canada.
- 11/11/2022
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Credit Acceptance Corporation (CACC) Q3 2022 Earnings Call Transcript
- Credit Acceptance Corporation (NASDAQ:CACC ) Q3 2022 Earnings Conference Call November 1, 2022 5:00 PM ET Company Participants Doug Busk - Chief Treasury Officer Conference Call Participants Moshe Orenbuch - Credit Suisse John Rowan - Janney Montgomery Scott Rob Wildhack - Autonomous Research Jason Hahn - Principal Global Investors Operator Good day, everyone, and welcome to Credit Acceptance Corporation Third Quarter 2022 Earnings Call. Today's call is being recorded.
- 11/01/2022
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Credit Acceptance (CACC) Lags Q3 Earnings Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of -42.92% and 1.54%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/01/2022
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Credit Acceptance Announces Timing of Third Quarter 2022 Earnings Release and Webcast
- Southfield, Michigan , Oct. 25, 2022 (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 release with our third quarter 2022 earnings on Tuesday, November 1, 2022, after the market closes. A webcast is scheduled for Tuesday, November 1, 2022, at 5:00 p.m. Eastern Time to discuss third quarter earnings.
- 10/25/2022
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Two-Minute Drill: TXN, PARA & CACC
- Noah Hamman of AdvisorShares joins 'Closing Bell: Overtime' to discuss three stocks: Texas Instruments, Paramount Global and Credit Acceptance.
- 09/19/2022
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Credit Acceptance: Best Near-Term Capital-Gain Portfolio Wealth-Builder
- CACC Manages loans made to $40,000+ cost new-car buyers from franchised auto dealers. Here are prior investment market outcomes of same-as-today's stock price-range forecasts being made by institutional investors.
- 09/02/2022
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Credit Acceptance (CACC) Up 2% Since Last Earnings Report: Can It Continue?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?
- 08/31/2022
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Rob Vinall: Jam Today vs. Jam Tomorrow
- Rob Vinall is the founder and managing director of RV Capital, which he started in 2006. For his Business Owner Fund, Vinall looks to invest in companies that are building a long-term competitive advantage, have honest and competent managers and trade at an attractive price.
- 08/10/2022
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5 Credit Service Companies With High GF Scores
- In light of credit card balances surging at the highest rate in over 20 years, five credit service companies with high GF Scores and are modestly undervalued based on GF Value are Visa Inc. ( V , Financial), Mastercard Inc. ( MA , Financial), Capital One Financial Corp. ( COF , Financial), Credit Acceptance Corp. ( CACC , Financial) and Regional Management Corp. ( RM , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.
- 08/02/2022
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Credit Acceptance (CACC) Stock Up Despite Q2 Earnings Miss
- Higher expenses and provisions and a decline in revenues hurt Credit Acceptance's (CACC) Q2 earnings.
- 08/02/2022
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Credit Acceptance Corporation's (CACC) CEO Ken Booth on Q2 2022 Results - Earnings Call Transcript
- Credit Acceptance Corporation (NASDAQ:CACC ) Q2 2022 Earnings Conference Call August 1, 2022 5:00 PM ET Company Participants Doug Busk – Chief Treasurer Officer Jay Martin – Senior Vice President, Finance and Accounting Ken Booth – Chief Executive Officer Conference Call Participants Moshe Orenbuch – Credit Suisse Ray Cheesman – Anfield Capital Management John Hecht – Jefferies Diogo Vaz da Silva – PSquared Asset Management Robert Wildhack – Autonomous Research John Rowan – Janney Operator Good day, everyone, and welcome to the Credit Acceptance Corporation's Second Quarter 2022 Earnings Call. Today's call is being recorded.
- 08/01/2022
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Credit Acceptance (CACC) Q2 Earnings Lag Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of -39.34% and 3.08%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/01/2022
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Credit Acceptance Announces Timing of Second Quarter 2022 Earnings Release and Webcast
- Southfield, Michigan , July 25, 2022 (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 release with our second quarter 2022 earnings on Monday, August 1, 2022, after the market closes. A webcast is scheduled for Monday, August 1, 2022, at 5:00 p.m. Eastern Time to discuss second quarter earnings.
- 07/25/2022
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Credit Acceptance (CACC) Stock Jumps 6.2%: Will It Continue to Soar?
- Credit Acceptance (CACC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 07/06/2022
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2 Consumer Loan Stocks Overcoming Tough Industry Backdrop
- Falling consumer sentiments, recessionary woes and worsening asset quality hurt the Zacks Consumer Loans industry players' financials. Efforts to digitize operations along with easing lending standards will aid companies like Credit Acceptance (CACC) & Encore Capital (ECPG).
- 06/30/2022
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Credit Acceptance (CACC) Down 4.3% Since Last Earnings Report: Can It Rebound?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?
- 06/01/2022
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3 No-Brainer Stocks to Buy for May
- Stock investing is not easy but these 3 no-brainer stocks to buy based on their latest earnings have increased their odds of performing well in May. The post 3 No-Brainer Stocks to Buy for May appeared first on InvestorPlace.
- 05/09/2022
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Credit Acceptance (CACC) Up as Q1 Earnings Beat, Revenues Rise
- Higher revenues and a fall in expenses support Credit Acceptance's (CACC) Q1 earnings.
- 05/03/2022
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Credit Acceptance Corporation (CACC) CEO Ken Booth on Q1 2022 Results - Earnings Call Transcript
- Credit Acceptance Corporation (NASDAQ:CACC ) Q1 2022 Earnings Conference Call May 2, 2022 5:00 PM ET Company Participants Doug Busk - Chief Treasury Officer Ken Booth - Chief Executive Officer Conference Call Participants Moshe Orenbuch - Credit Suisse Arjun Tuteja - Jarislowsky, Fraser Rob Wildhack - Autonomous Research Alexandra Villalobos - Jefferies Operator Good day, everyone and welcome to the Credit Acceptance Corporation's First Quarter 2022 Earnings Call. Today's call is being recorded.
- 05/02/2022
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Credit Acceptance Announces Timing of First Quarter 2022 Earnings Release and Webcast
- Southfield, Michigan , April 25, 2022 (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 release with our first quarter 2022 earnings on Monday, May 2, 2022, after the market closes.
- 04/25/2022
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New Strong Sell Stocks for March 4th
- AMED, CACC, and EXPO have been added to the Zacks Rank #5 (Strong Sell) List on March 4, 2022
- 03/04/2022
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Credit Acceptance (CACC) Up 1.1% Since Last Earnings Report: Can It Continue?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?
- 03/02/2022
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Credit Acceptance (CACC) Q4 Earnings Beat, Revenues & Costs Up
- Credit Acceptance (CACC) records a rise in revenues and expenses in the fourth quarter of 2021.
- 02/01/2022
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Credit Acceptance Corporation (CACC) CEO Ken Booth on Q4 2021 Results - Earnings Call Transcript
- Credit Acceptance Corporation (CACC) CEO Ken Booth on Q4 2021 Results - Earnings Call Transcript
- 01/31/2022
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Credit Acceptance (CACC) Q4 Earnings and Revenues Surpass Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of 14.78% and 1.09%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 01/31/2022
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Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2021 Earnings Release and Webcast
- Southfield, Michigan, Jan. 24, 2022 (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 release with our fourth quarter and full year 2021 results on Monday, January 31, 2022, after the market closes.
- 01/24/2022
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Ruane Cunniff's Top 5 Trades of the 3rd Quarter
- Ruane Cunniff (Trades, Portfolio), the firm founded by the late William Ruane, disclosed this week that its top five trades during the third quarter included additions to its holdings in Wayfair Inc. ( W , Financial) and Taiwan Semiconductor Manufacturing Co. Ltd. ( TSM , Financial), the closure of its positions in Fidelity National Information Services Inc. ( FIS , Financial) and Arista Networks Inc. ( ANET , Financial) and a reduction to its stake in Credit Acceptance Corp. ( CACC , Financial).
- 11/17/2021
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Signs of Prudent Management
- When it comes to equity investing, the best offense is usually a solid defense. As Charlie Munger (Trades, Portfolio) put it, “if you watch the downside closely enough, the upside will take care of itself.
- 11/07/2021
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Credit Acceptance (CACC) Q3 Earnings and Revenues Beat Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of 32.13% and 2.93%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/01/2021
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Credit Acceptance Corporation (CACC) Management on Q3 2021 Results - Earnings Call Transcript
- Credit Acceptance Corporation (CACC) Management on Q3 2021 Results - Earnings Call Transcript
- 11/01/2021
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Buy These 3 Stocks With Momentum Anomaly for Higher Returns
- Continental Resources (CLR), Credit Acceptance (CACC), and Range Resources (RRC) are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
- 10/22/2021
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Zuckerberg's Choice
- We have entered the phase when the body politic and public opinion are aware that Facebook ( FB , Financial) is disturbing our society. This is very important to us as investors, because the big tech companies make up a disproportionately large part of the S&P 500 Index.
- 10/19/2021
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Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility
- Southfield, Michigan , Oct. 15, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $75.0 million revolving secured warehouse facility will cease to revolve from September 30, 2022 to September 30, 2024. There were no other material changes to the terms of the facility.
- 10/15/2021
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Credit Acceptance Announces Increase and Extension of Revolving Secured Line of Credit Facility
- Southfield, Michigan, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have increased the amount of our revolving secured line of credit facility with a commercial bank syndicate from $340.0 million to $385.0 million. We have also extended the maturity of the facility from June 22, 2023 to June 22, 2024. The amount of the facility will decrease from $385.0 million to $350.0 million on June 22, 2022, and will further decrease from $350.0 million to $325.0 million on June 22, 2023.
- 10/06/2021
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Moore Kuehn, PLLC Encourages Investors of Credit Acceptance Corporation to Contact Law Firm
- New York, New York--(Newsfile Corp. - October 4, 2021) - Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating whether certain officers and directors of Credit Acceptance Corporation (NASDAQ: CACC) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, the Company was topping off the pools of loans that they packaged and securitized with higher-risk loans; Credit Acceptance was making high-interest subprime auto loans to borrowers that...
- 10/04/2021
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5 Buffett-Munger Stocks Trading at Attractive GF Values
- According to the Buffett-Munger Screener, one of several predefined screens available to GuruFocus Premium members, five stocks with good business fundamentals and are trading at attractive GF Values are Berkshire Hathaway Inc. ( BRK.A , Financial)( BRK.B , Financial), Usana Health Sciences Inc. ( USNA , Financial), La-Z-Boy Inc. ( LZB , Financial), Credit Acceptance Corp. ( CACC , Financial) and Allstate Corp. ( ALL , Financial).
- 09/22/2021
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Credit Acceptance Named to the 2021 Metropolitan Detroit's Best and Brightest Companies to Work For®! List and a 2021 Michigan's Best and Brightest in Wellness® Award Winner
- Southfield, Michigan, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) is pleased to announce that we have received two more awards.
- 09/22/2021
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Credit Acceptance Should Take A Breather
- Credit Acceptance Should Take A Breather
- 09/14/2021
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Boost Your Portfolio With These Top 3 Consumer Loan Stocks
- ALLY, WRLD and CACC seem tailor-made for the investment portfolio at a time when the consumer loan industry is reaping the fruits of economic recovery and the consumer turnaround in the market.
- 09/03/2021
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Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility
- Southfield, Michigan, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $200.0 million revolving secured warehouse facility will cease to revolve from July 26, 2022 to September 1, 2024. There were no other material changes to the terms of the facility.
- 09/02/2021
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Credit Acceptance (CACC) Settles Auto-Loan Lawsuit, To Pay $27.2M
- Credit Acceptance (CACC) agrees to pay $27.2 million to settle the lawsuit filed by the Massachusetts Attorney General in August 2020 claiming that the company deceived auto-lending practices.
- 09/02/2021
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Increased Earnings Estimates Seen for Credit Acceptance (CACC): Can It Move Higher?
- Credit Acceptance (CACC) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
- 09/02/2021
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Credit Acceptance Pleased to Announce Resolution of Litigation With Massachusetts Attorney General
- Southfield, Michigan, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the finalization of a settlement resolving litigation with the Massachusetts Attorney General, the material terms of which were previously disclosed in April 2021.
- 09/01/2021
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Why Credit Acceptance (CACC) Stock Might be a Great Pick
- Credit Acceptance (CACC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 08/31/2021
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Credit Acceptance (CACC) Q2 Earnings Beat, Revenues Rise Y/Y
- Higher revenues and provision benefit support Credit Acceptance's (CACC) Q2 earnings.
- 07/30/2021
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Credit Acceptance Corporation (CACC) CEO Ken Booth on Q2 2021 Results - Earnings Call Transcript
- Credit Acceptance Corporation (CACC) CEO Ken Booth on Q2 2021 Results - Earnings Call Transcript
- 07/29/2021
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Credit Acceptance (CACC) Q2 Earnings and Revenues Surpass Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of 70.44% and 3.31%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/29/2021
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Credit Acceptance Announces Second Quarter 2021 Results
- Southfield, Michigan, July 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $288.6 million, or $17.18 per diluted share, for the three months ended June 30, 2021 compared to consolidated net income of $96.4 million, or $5.40 per diluted share, for the same period in 2020. For the six months ended June 30, 2021, consolidated net income was $490.7 million, or $28.96 per diluted share, compared to consolidated net income of $12.6 million, or $0.70 per diluted share, for the same period in 2020.
- 07/29/2021
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A Trio of Stocks With High Forward Rates of Return
- Donald Yacktman, a well-known value investor and founder of the AMG Yacktman Fund (Trades, Portfolio), takes the "forward rate of return" into consideration when assessing the attractiveness of a stock. He calculates this valuation ratio as "normalized free cash flow yield plus real growth plus inflation.
- 07/25/2021
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Credit Acceptance Honored by Crain's Detroit Business
- Southfield, Michigan, July 21, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named by Crain's Detroit Business as one of the 50 fastest-growing companies in the Detroit area. We're honored to receive Crain's ‘Fast 50' award for the eighth year in a row!
- 07/21/2021
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Credit Acceptance Named One of the Best Workplaces for Millennials by Great Place to Work® and Fortune
- Southfield, Michigan, July 19, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has earned an award based on rankings released by Great Place to Work® and FORTUNE.
- 07/19/2021
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Credit Acceptance Named #8 Midsize Company in IDG's Insider Pro and Computerworld 2021 Best Places to Work in IT
- Southfield, Michigan, July 12, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named in IDG's Insider Pro and Computerworld 2021 Best Places to Work in IT in the Midsize category. We ranked #8 this year, up 10 spots from a year ago.
- 07/12/2021
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Top 3 Stocks to Buy From the Prospering Consumer Loan Industry
- Top 3 Stocks to Buy From the Prospering Consumer Loan Industry
- 06/14/2021
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Credit Acceptance: A Favorable Asymmetric Risk/Return Profile
- CACC has the potential to generate a return of more than 15% for long-term investors.
- 06/08/2021
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Credit Acceptance (CACC) Surges 3.1%: Is This an Indication of Further Gains?
- Credit Acceptance (CACC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 06/07/2021
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Credit Acceptance (CACC): Strong Industry, Solid Earnings Estimate Revisions
- Credit Acceptance (CACC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 05/28/2021
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Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing
- Southfield, Michigan, May 20, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $450.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we contributed loans having a value of approximately $562.6 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:
- 05/20/2021
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Credit Acceptance Named to the 2021 Nevada Top Workplaces List
- Southfield, Michigan, May 18, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been awarded a 2021 Top Workplaces honor by the Las Vegas Review-Journal and the Las Vegas Business Press. This is the second year in a row that Credit Acceptance has received this honor.
- 05/18/2021
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CEO Letters That Demonstrate Shareholder Orientation
- It has been more than half a year since I last published here. First of all, thanks for all the emails and messages during my "absence.
- 04/30/2021
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Credit Acceptance (CACC) Q1 Earnings Beat, Provisions Down Y/Y
- Credit Acceptance (CACC) witnesses a rise in revenues and higher expenses in the first quarter of 2021.
- 04/30/2021
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Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q1 2021 Results - Earnings Call Transcript
- Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q1 2021 Results - Earnings Call Transcript
- 04/29/2021
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Credit Acceptance Announces Retirement of Brett A. Roberts as CEO and Director; Appointment of Kenneth S.
- Southfield, Michigan, April 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced that Brett A. Roberts, the Company's Chief Executive Officer and President and a member of the Company's Board of Directors, will retire at the close of business on May 3, 2021. The Board of Directors has unanimously elected and appointed the Company's Chief Financial Officer, Kenneth S. Booth, as the Company's new Chief Executive Officer and President and as a director, effective May 3, 2021.
- 04/29/2021
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Credit Acceptance Announces Timing of First Quarter 2021 Earnings Release and Webcast
- Southfield, Michigan, April 23, 2021 (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 release with our first quarter 2021 earnings on Thursday, April 29, 2021, after the market closes.
- 04/23/2021
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Higher Finance Charges to Aid Credit Acceptance's (CACC) Top Line
- Credit Acceptance's (CACC) revenues will likely continue to improve, supported by the decent rise in dealer enrollments and active dealers.
- 03/26/2021
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4 Reasons to Invest in Credit Acceptance (CACC) Stock Now
- Strong fundamentals make Credit Acceptance (CACC) stock an attractive investment option now.
- 03/25/2021
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC
- NEW YORK, March 24, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Credit Acceptance Corporation ("Credit Acceptance" or the "Company") (NASDAQ: CACC). Such investors are advised to contact Robert S.
- 03/24/2021
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC
- New York, New York--(Newsfile Corp. - March 21, 2021) - Pomerantz LLP is investigating claims on behalf of investors of Credit Acceptance Corporation ("Credit Acceptance" or the "Company") (NASDAQ: CACC). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.The investigation concerns whether Credit Acceptance and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here...
- 03/21/2021
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC
- NEW YORK, March 18, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Credit Acceptance Corporation ("Credit Acceptance" or the "Company") (NASDAQ: CACC). Such investors are advised to contact Robert S.
- 03/18/2021
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Credit Acceptance (CACC) Up 13.9% Since Last Earnings Report: Can It Continue?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?
- 03/03/2021
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Sequoia Fund Management's Discussion of 2020 Performance
- The total return for the Sequoia Fund in 2020 was 23.33%. This compares with the 18.40% return of the S&P 500 Index.
- 02/26/2021
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Ruane Cunniff's Top 4 Trades in the 4th Quarter
- Ruane Cunniff (Trades, Portfolio), the firm founded by the late William Ruane, disclosed last week that its top four trades during the fourth quarter of 2020 included a new position in Netflix Inc. (NASDAQ:NFLX), a boost in its Credit Acceptance Corp. (NASDAQ:CACC) holding and reductions in Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) and Wayfair Inc. (NYSE:W).
- 02/25/2021
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Credit Acceptance Announces Completion of $500.0 Million Asset-Backed Financing
- Southfield, Michigan, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $500.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we contributed loans having a value of approximately $625.1 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:
- 02/18/2021
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Top 5 Stocks to Buy From a Rebounding Consumer Loan Industry
- Top 5 Stocks to Buy From a Rebounding Consumer Loan Industry
- 02/05/2021
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Looking for a Growth Stock? 3 Reasons Why Credit Acceptance (CACC) is a Solid Choice
- Credit Acceptance (CACC) possesses solid growth attributes, which could help it handily outperform the market.
- 02/04/2021
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What Makes Credit Acceptance (CACC) a New Strong Buy Stock
- Credit Acceptance (CACC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 02/04/2021
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Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility
- Southfield, Michigan, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $400.0 million revolving secured warehouse facility will cease to revolve from July 12, 2022 to April 30, 2024. There were no other material changes to the terms of the facility.
- 02/03/2021
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Credit Acceptance Named a 2021 Top Workplaces USA Award Winner
- Southfield, Michigan, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a 2021 Top Workplaces USA Award winner.
- 02/02/2021
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Credit Acceptance (CACC) Stock Down Despite Q4 Earnings Beat
- Improvement in revenues and a rise in loan balance support Credit Acceptance's (CACC) Q4 earnings, while provisions increase.
- 02/02/2021
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Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q4 2020 Results - Earnings Call Transcript
- Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q4 2020 Results - Earnings Call Transcript
- 02/01/2021
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Credit Acceptance (CACC) Q4 Earnings and Revenues Top Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of 12.80% and 2.58%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/01/2021
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Credit Acceptance Announces Fourth Quarter and Full Year 2020 Results
- Southfield, Michigan, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $166.3 million, or $9.43 per diluted share, for the three months ended December 31, 2020 compared to consolidated net income of $161.9 million, or $8.60 per diluted share, for the same period in 2019. For the year ended December 31, 2020, consolidated net income was $421.0 million, or $23.47 per diluted share, compared to consolidated net income of $656.1 million, or $34.57 per diluted share, for the same period in 2019.
- 02/01/2021
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Credit Acceptance Announces Completion of $100.0 Million Asset-Backed Financing and Extension of $300.0 Million Revolving Secured Warehouse Facility
- Southfield, Michigan, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $100.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we contributed approximately $125.1 million of loans to a wholly-owned special purpose entity that will pledge the loans to an institutional lender under a loan and security agreement.
- 01/29/2021
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Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2020 Earnings Release and Webcast
- Southfield, Michigan, Jan. 25, 2021 (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 release with our fourth quarter and full year 2020 earnings on Monday, February 1, 2021, after the market closes.
- 01/25/2021
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Credit Acceptance Is Undervalued
- Credit Acceptance Is Undervalued
- 01/20/2021
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These 5 Profitable Companies Are Largely Undervalued
- According to the GuruFocus discounted cash flow calculator as of Jan. 15, the following companies have a high margin of safety and have grown their margins over a 10-year period.
- 01/15/2021
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Credit Acceptance Announces Extension of Revolving Secured Line of Credit Facility and Increase and Extension of Revolving Secured Warehouse Facility
- Southfield, Michigan, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced that on December 15, 2020, we extended the maturity of our revolving secured line of credit facility with a commercial bank syndicate from June 22, 2022 to June 22, 2023. The amount of the facility will remain at $340.0 million until June 22, 2022, when the amount of the facility will decrease to $305.0 million. As of December 15, 2020, we had $65.3 million outstanding under the line of credit facility.
- 12/16/2020
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Credit Acceptance Named a Fall 2020 Nation's Best and Brightest in Wellness® Award Winner
- Southfield, Michigan, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a Fall 2020 Nation's Best and Brightest in Wellness® Award winner. This award recognizes and celebrates quality and excellence in health awareness.
- 12/16/2020
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Credit Acceptance Named to the Best Workplaces for Parents™ List
- Southfield, Michigan, Dec. 03, 2020 (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 Parents™ by Great Place to Work®.
- 12/03/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - December 1, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To get...
- 12/01/2020
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DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Credit Acceptance Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - December 1, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Credit Acceptance Corporation (NASDAQ: CACC) ("CACC" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 1, 2019 and August 28,...
- 12/01/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - December 1, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 12/01/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 30, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation (NASDAQ: CACC) ("Credit Acceptance") between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To...
- 11/30/2020
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DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Credit Acceptance Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - November 30, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Credit Acceptance Corporation ("CACC" or "the Company") (NASDAQ: CACC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 1, 2019 and August 28, 2020,...
- 11/30/2020
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CACC FINAL DEADLINE ALERT: Top Ranked Rosen Law Firm Reminds Credit Acceptance Corporation Investors of Important December 1 Deadline in Securities Class Action - CACC
- New York, New York--(Newsfile Corp. - November 28, 2020) - Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the "Class Period"), of the important December 1, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Credit Acceptance investors under the federal securities laws.To join the Credit Acceptance...
- 11/28/2020
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TUESDAY DEADLINE NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Credit Acceptance Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - November 27, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Credit Acceptance Corporation (NASDAQ: CACC) ("CACC" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 1, 2019 and August 28,...
- 11/27/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 26, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation (NASDAQ: CACC) ("Credit Acceptance") between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To...
- 11/26/2020
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TUESDAY DEADLINE REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Credit Acceptance Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - November 26, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Credit Acceptance Corporation ("CACC" or "the Company") (NASDAQ: CACC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 1, 2019 and August 28, 2020,...
- 11/26/2020
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TUESDAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Credit Acceptance Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - November 25, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Credit Acceptance Corporation ("CACC" or "the Company") (NASDAQ: CACC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 1, 2019 and August 28, 2020,...
- 11/25/2020
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Lookback: Tao Value's 2019 Credit Acceptance Corp (CACC) Thesis
- If you are looking for the best ideas for your portfolio you may want to consider some of Tao Value's top stock picks. Tao Value, an investment management firm, is bullish on Credit Acceptance Corp (NASDAQ:CACC) stock. In its Q3 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Credit Acceptance Corp (NASDAQ:CACC) stock. Credit Acceptance Corp (NASDAQ:CACC) is a finance company.
- 11/25/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - November 24, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 11/24/2020
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ROSEN, TRUSTED INVESTOR COUNSEL, Reminds Credit Acceptance Corporation Investors of Important December 1 Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact Firm - CACC
- NEW YORK, Nov. 24, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the "Class Period"), of the important December 1, 2020...
- 11/24/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 24, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To get...
- 11/24/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 23, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation (NASDAQ: CACC) ("Credit Acceptance") between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To...
- 11/23/2020
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Rosen, A Leading and Longstanding Law Firm, Reminds Credit Acceptance Corporation Investors of Important December 1 Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact Firm - CACC
- New York, New York--(Newsfile Corp. - November 21, 2020) - Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the "Class Period"), of the important December 1, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Credit Acceptance investors under the federal securities laws.To join the Credit Acceptance class...
- 11/21/2020
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Credit Acceptance Named One of the Best and Brightest Companies to Work For® in the Nation
- Southfield, Michigan, Nov. 19, 2020 (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 and Brightest Companies to Work For ® in the nation. This is the ninth year in a row that Credit Acceptance has won this honor. We were selected as one of the top 151 companies out of 1,100 nominations in the Fall 2020 competition.
- 11/19/2020
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UPCOMING DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Credit Acceptance Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- Los Angeles, California--(Newsfile Corp. - November 18, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Credit Acceptance Corporation ("CACC" or "the Company") (NASDAQ: CACC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 1, 2019 and August 28,...
- 11/18/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - November 17, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 11/17/2020
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Rosen, A Global and Leading Law Firm, Reminds Credit Acceptance Corporation Investors of Important December 1 Deadline in Securities Class Action; Encourages Investors with Large Losses to Contact Firm - CACC
- New York, New York--(Newsfile Corp. - November 17, 2020) - Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the "Class Period"), of the important December 1, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Credit Acceptance investors under the federal securities laws.To join the Credit Acceptance...
- 11/17/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 17, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To get...
- 11/17/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - November 16, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 11/16/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 16, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To...
- 11/16/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 12, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of Michigan. To get...
- 11/12/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - November 11, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 11/11/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 10, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To get...
- 11/10/2020
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Credit Acceptance Named to the Detroit Free Press 2020 Top Workplaces List
- Southfield, Michigan, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been awarded a 2020 Top Workplaces honor by The Detroit Free Press. We ranked #5 out of the 30 large companies that made the list. This is the ninth year in a row that Credit Acceptance has won a Detroit Free Press Top Workplace honor.
- 11/10/2020
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ROSEN, A GLOBAL AND LEADING LAW FIRM, Reminds Credit Acceptance Corporation Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact Firm - CACC
- NEW YORK, Nov. 10, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the "Class Period"), of the important December 1, 2020...
- 11/10/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 9, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To...
- 11/09/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 6, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of Michigan. To get more...
- 11/06/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - November 5, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 11/05/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 5, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To...
- 11/05/2020
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ROSEN, A TRUSTED AND LEADING LAW FIRM, Reminds Credit Acceptance Corporation Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact Firm - CACC
- NEW YORK, Nov. 4, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the "Class Period"), of the important December 1, 2020...
- 11/04/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - November 4, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 11/04/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 3, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation (NASDAQ: CACC) ("Credit Acceptance") between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To...
- 11/03/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - November 2, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 11/02/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - November 2, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To get...
- 11/02/2020
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ROSEN, A TOP RANKED LAW FIRM, Reminds Credit Acceptance Corporation Investors of Important Deadline in Securities Class Action – CACC
- NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Credit Acceptance investors under the federal securities laws. To join the Credit Acceptance class action, go to http://www.rosenle
- 10/30/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - October 30, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To get...
- 10/30/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - October 30, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 10/30/2020
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Credit Acceptance Corporation's (CACC) CEO Brett Roberts on Q3 2020 Results - Earnings Call Transcript
- Credit Acceptance Corporation's (CACC) CEO Brett Roberts on Q3 2020 Results - Earnings Call Transcript
- 10/29/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - October 29, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To get...
- 10/29/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - October 28, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 10/28/2020
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3 Stocks With Low Price-Earnings Ratios
- As of Oct. 27, the following stocks appear undervalued by the market, as their price-earnings (PE) ratios without non-recurring items (NRI) are below 20 while their price-earnings to growth (PEG) ratios are not more than 1.
- 10/28/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - October 28, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the Eastern District of Michigan. To get...
- 10/28/2020
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CACC ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of December 1, 2020 in the Class Action Filed on Behalf of Credit Acceptance Corporation Limited Shareholders
- New York, New York--(Newsfile Corp. - October 27, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) alleging that the Company violated federal securities laws.Class Period: November 1, 2019 and August 28, 2020Lead Plaintiff Deadline: December 1, 2020Learn more about your recoverable losses in CACC:
- 10/27/2020
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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Acceptance Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 - CACC
- New York, New York--(Newsfile Corp. - October 26, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All persons or entities who purchased or otherwise acquired securities of Credit Acceptance Corporation ("Credit Acceptance") (NASDAQ: CACC) between November 1, 2019 and August 28, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Eastern District of Michigan. To get more...
- 10/26/2020
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Is Credit Acceptance Corp (CACC) a Smart Long-term Buy?
- On October 12, 2020, Giverny Capital released its Q3 2020 Investor Letter, a copy of which you can download here. The Fund returned 6.50% for the third quarter of 2020. Meanwhile, the benchmark S&P 500 Index gained 8.93%. You should check out Giverny Capital's top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
- 10/26/2020
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Tracking Ruane, Cunniff, & Goldfarb's Portfolio - Q2 2020 Update
- Ruane, Cunniff, & Goldfarb’s 13F portfolio value increased from $6.24B to $7.46B this quarter. The number of positions decreased from 38 to 37.
- 09/13/2020
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Use Further Market Weakness To Add To Credit Acceptance
- Credit Acceptance Corporation is a well run auto finance company that earns exceptional returns on capital and has compounded earnings per share at 24.1% per year since 2001.
- 08/24/2020
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC
- Pomerantz LLP is investigating claims on behalf of investors of Credit Acceptance Corporation ("Credit Acceptance" or the "Company") (NASDAQ: CACC). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
- 08/20/2020
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NN Investment Partners Holdings N.V. Invests $59,000 in Credit Acceptance Corp. (NASDAQ:CACC)
- NN Investment Partners Holdings N.V. acquired a new stake in Credit Acceptance Corp. (NASDAQ:CACC) in the 2nd quarter, HoldingsChannel reports. The fund acquired 142 shares of the credit services provider’s stock, valued at approximately $59,000. A number of other institutional investors have also made changes to their positions in the business. Allred Capital Management LLC […]
- 08/02/2020
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Credit Acceptance Corp (CACC) Q2 2020 Earnings Call Transcript
- A webcast and transcript of today's earnings call will be made available on Credit Acceptance's website. At this time, I would like to turn the call over to Credit Acceptance's Chief Treasury Officer, Doug Busk.
- 07/31/2020
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Credit Acceptance (CACC) Q2 Earnings Beat, Provisions Rise
- Rise in revenues and lower operating expenses offer some support to Credit Acceptance's (CACC) Q2 earnings, while higher credit costs hurt.
- 07/31/2020
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WeissLaw LLP: Credit Acceptance Corporation is the Subject of a Legal Investigation
- WeissLaw LLP, a national class action and shareholders' rights law firm with offices in New York, California and Georgia, announces an investigation of Credit Acceptance Corporation (NASDAQ: CACC) ("Credit Acceptance Corp.," or the "Company").
- 07/31/2020
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Credit Acceptance (CACC) Q2 Earnings and Revenues Beat Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of 16.13% and 9.01%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/30/2020
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Credit Acceptance Announces Second Quarter 2020 Results
- Southfield, Michigan, July 30, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $96.4 million, or $5.40 per diluted share, for the three months ended June 30, 2020 compared to consolidated net income of $164.4 million, or $8.68 per diluted share, for the same period in 2019. For the six months ended June 30, 2020, consolidated net income was $12.6 million, or $0.70 per diluted share, compared to consolidated net income of $328.8 million, or $17.33 per diluted share, for the same period in 2019. Adjusted net income, a non-GAAP financial measure, for the three months ended June 30, 2020 was $154.1 million, or $8.63 per diluted share, compared to $162.9 million, or $8.60 per diluted share, for the same period in 2019. For the six months ended June 30, 2020, adjusted net income was $329.8 million, or $18.29 per diluted share, compared to adjusted net income of $316.5 million, or $16.68 per diluted share, for the same period in 2019.COVID-19 PandemicCOVID-19 continues to spread rapidly across the United States. In an effort to slow the spread of the virus, authorities continue to implement various measures, including travel bans, stay-at-home orders and shutdowns of non-essential businesses. These measures have caused a significant decline in economic activity and a dramatic increase in the number of individuals who are no longer employed. As detailed below, starting in mid-March, we experienced a substantial reduction in demand for our product and a significant decline in cash flows from our loan portfolio that lasted through mid-April, after which collections and new loan volumes improved significantly. As the virus is not yet contained, the ultimate impact of the pandemic on our business is not yet known. The impact will depend on future developments, including, but not limited to, the duration and spread of the pandemic, its severity, the actions to contain the disease or mitigate its impact, the continuation of federal stimulus measures and unemployment benefits, and the duration, timing and severity of the impact on consumer behavior and economic activity.GAAP ResultsGAAP results for the three and six months ended June 30, 2020 include provisions for credit losses of $139.4 million and $494.1 million, respectively, reflecting the adoption of the current expected credit loss (“CECL”) accounting standard on January 1, 2020 and the impact of changes in forecasted future cash flows from our loan portfolio. Under CECL, we are required to record a provision for credit losses for every new loan at the time that loan is originated equal to the difference between the amount we paid to acquire the loan and the present value of forecasted net cash flows using an effective interest rate prescribed under CECL. The effective interest rate under CECL is calculated assuming 100% of the contractually scheduled payments of each loan is received. Since we do not expect to receive this amount, the effective rate under CECL is higher than the rate we expect to earn. Using the higher effective rate prescribed by CECL to record the loan results in a value for each loan that is less than the amount we paid to acquire the loan. This difference is recorded as an allowance for credit losses along with a corresponding provision for credit losses. For the three and six months ended June 30, 2020, we recorded provision for credit losses of $154.2 million and $312.1 million, respectively, related to new Consumer Loan assignments. Over the life of the loan, we expect to record an amount equivalent to this provision for credit losses as finance charge revenue, which will be recognized using the same effective interest rate used to record the loan.The remaining reversal of provision for credit losses of $14.8 million and provision for credit losses of $182.0 million for the three and six months ended June 30, 2020, respectively, reflect changes in our estimate of future net cash flows from our loan portfolio discussed below. Under CECL, the net present value of the change in our net cash flow forecast is recorded as a provision for credit losses or reversal of provision for credit losses. Consumer Loan MetricsDealers assign retail installment contracts (referred to as “Consumer Loans”) to Credit Acceptance. At the time a Consumer Loan is submitted to us for assignment, we forecast future expected cash flows from the Consumer Loan. Based on the amount and timing of these forecasts and expected expense levels, an advance or one-time purchase payment is made to the related dealer at a price designed to maximize economic profit, a non-GAAP financial measure that considers our return on capital, our cost of capital and the amount of capital invested. We use a statistical model to estimate the expected collection rate for each Consumer Loan at the time of assignment. We continue to evaluate the expected collection rate of each Consumer Loan subsequent to assignment. Our evaluation becomes more accurate as the Consumer Loans age, as we use actual performance data in our forecast. By comparing our current expected collection rate for each Consumer Loan with the rate we projected at the time of assignment, we are able to assess the accuracy of our initial forecast. The following table compares our forecast of Consumer Loan collection rates as of June 30, 2020 with the forecasts as of March 31, 2020, as of December 31, 2019 and at the time of assignment, segmented by year of assignment: Forecasted Collection Percentage as of (1) Current Forecast Variance from Consumer Loan Assignment Year June 30, 2020 March 31, 2020 December 31, 2019 Initial Forecast March 31, 2020 December 31, 2019 Initial Forecast 2011 74.8 % 74.8 % 74.8 % 72.5 % 0.0 % 0.0 % 2.3 % 2012 73.8 % 73.8 % 73.9 % 71.4 % 0.0 % -0.1 % 2.4 % 2013 73.5 % 73.4 % 73.5 % 72.0 % 0.1 % 0.0 % 1.5 % 2014 71.7 % 71.7 % 71.7 % 71.8 % 0.0 % 0.0 % -0.1 % 2015 65.2 % 65.3 % 65.4 % 67.7 % -0.1 % -0.2 % -2.5 % 2016 63.6 % 63.6 % 64.1 % 65.4 % 0.0 % -0.5 % -1.8 % 2017 63.8 % 63.8 % 64.8 % 64.0 % 0.0 % -1.0 % -0.2 % 2018 63.5 % 63.6 % 65.1 % 63.6 % -0.1 % -1.6 % -0.1 % 2019 63.4 % 63.0 % 64.6 % 64.0 % 0.4 % -1.2 % -0.6 % 2020 (2) 62.2 % 61.3 % — 62.4 % 0.9 % — -0.2 % (1) Represents the total forecasted collections we expect to collect on the Consumer Loans as a percentage of the repayments that we were contractually owed on the Consumer Loans at the time of assignment. Contractual repayments include both principal and interest. Forecasted collection rates are negatively impacted by canceled Consumer Loans as the contractual amount owed is not removed from the denominator for purposes of computing forecasted collection rates in the table. (2) The forecasted collection rate for 2020 Consumer Loans as of June 30, 2020 includes both Consumer Loans that were in our portfolio as of March 31, 2020 and Consumer Loans assigned during the most recent quarter. The following table provides forecasted collection rates for each of these segments: Forecasted Collection Percentage as of Current Forecast Variance from 2020 Consumer Loan Assignment Period June 30, 2020 March 31, 2020 Initial Forecast March 31, 2020 Initial Forecast January 1, 2020 through March 31, 2020 62.1 % 61.3 % 62.5 % 0.8 % -0.4 % April 1, 2020 through June 30, 2020 62.3 % — 62.3 % — — % Consumer Loans assigned in 2011 through 2013 have yielded forecasted collection results materially better than our initial estimates, while Consumer Loans assigned in 2015 and 2016 have yielded forecasted collection results materially worse than our initial estimates. For all other assignment years presented, actual results have been close to our initial estimates. For the three months ended June 30, 2020, forecasted collection rates improved for Consumer Loans assigned in 2019 and 2020 and were generally consistent with expectations at the start of the period for all other assignment years presented. For the six months ended June 30, 2020, forecasted collection rates declined for Consumer Loans assigned in 2015 through 2020 and were generally consistent with expectations at the start of the period for all other assignment years presented.The changes in forecasted collection rates for the three and six months ended June 30, 2020 and 2019 impacted forecasted net cash flows (forecasted collections less forecasted dealer holdback payments) as follows:(In millions) For the Three Months Ended June 30, For the Six Months Ended June 30, Increase (Decrease) in Forecasted Net Cash Flows 2020 2019 2020 2019 Dealer loans $(0.1) $3.4 $(76.0) $3.9 Purchased loans 24.5 9.6 (106.1) 25.8 Total $24.4 $13.0 $(182.1) $29.7 During the first quarter of 2020, we reduced our estimate of future net cash flows from our loan portfolio by $206.5 million, or 2.3% of the forecasted net cash flows at the start of the period, primarily due to the impact of the COVID-19 pandemic. The reduction was comprised of: (1) $44.3 million calculated by our forecasting model, which reflected lower realized collections during the first quarter of 2020 and (2) an additional $162.2 million, which represented our best estimate of the future impact of the COVID-19 pandemic on future net cash flows. Under CECL, changes in forecasted net cash flows are recorded as a provision for credit losses in the current period. While the adjustment to our forecast, which we continued to apply throughout the second quarter of 2020, represents our best estimate at this time, the COVID-19 pandemic has created conditions that do not allow us to forecast future cash flows from our loan portfolio with confidence.
- 07/30/2020
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Credit Acceptance Honored by Crain’s Detroit Business
- Southfield, Michigan , July 28, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named by Crain’s Detroit Business as one of the 50 fastest-growing companies in the Detroit area. We're honored to receive Crain’s ‘Fast 50’ award for the seventh year in a row! Fast 50 is based on a ranking of companies in Crain's database of private and publicly traded companies by percentage revenue growth between 2016 and 2019, and by dollar revenue growth during that same period. We were ranked 8 this year, up two places from our 10 ranking of a year ago. This is the sixth workplace award that we’ve received this year as we also received: * Computerworld 100 Best Places to Work in IT (six-time winner) * FORTUNE 100 Best Companies to Work For (last seven years in a row) * Best Workplaces in Financial Services & Insurance (last six years in a row) * National Best and Brightest Companies to Work For (last eight years in a row) * 2020 Nevada Top Workplaces About Credit Acceptance Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing. Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com. CONTACT: Investor Relations: Douglas W. Busk Chief Treasury Officer (248) 353-2700 Ext. 4432 IR@creditacceptance.com
- 07/28/2020
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Tao Value Q2 2020 Letter
- I typically hold 10 to 15 instruments, with each position consisting between 5-10% of the portfolio. My typical holding period is 1 to 3 years, with special situation and distressed ideas on the short side, and great operations ideas on the long side.
- 07/24/2020
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Credit Acceptance Auto Loan Trust 2020-2 -- Moody's assigns definitive ratings to Credit Acceptance Auto Loan Trust 2020-2
- Moody's Investors Service ("Moody's") has assigned definitive ratings to the notes issued by Credit Acceptance Auto Loan Trust 2020-2 (CAALT 2020-2). This is the second securitization of non-prime auto loans sponsored by Credit Acceptance Corporation (CAC; Ba3 stable) this year.
- 07/23/2020
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Credit Acceptance Announces Completion of $481.8 Million Asset-Backed Financing
- Southfield, Michigan, July 23, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $481.8 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we contributed loans having a value of approximately $602.3 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:Note Class Amount Average Life Price Interest Rate A $ 326,900,000 2.53 years 99.97761 % 1.37 % B $ 94,400,000 3.25 years 99.98068 % 1.93 % C $ 60,500,000 3.48 years 99.97903 % 2.73 % The Financing will: * have an expected annualized cost of approximately 2.0% including the initial purchasers’ fees and other costs; * revolve for 24 months after which it will amortize based upon the cash flows on the contributed loans; and * be used by us to repay outstanding indebtedness.We will receive 6.0% of the cash flows related to the underlying consumer loans to cover servicing expenses. The remaining 94.0%, less amounts due to dealers for payments of dealer holdback, will be used to pay principal and interest on the notes as well as the ongoing costs of the Financing. The Financing is structured so as not to affect our contractual relationships with our dealers and to preserve the dealers’ rights to future payments of dealer holdback. The notes have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This news release does not and will not constitute an offer to sell or the solicitation of an offer to buy the notes. This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.Description of Credit Acceptance CorporationSince 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing. Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq stock market under the symbol CACC. For more information, visit creditacceptance.com. CONTACT: Investor Relations: Douglas W. Busk Chief Treasury Officer (248) 353-2700 Ext. 4432 IR@creditacceptance.com
- 07/23/2020
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Credit Acceptance Announces Timing of Second Quarter 2020 Results and Webcast
- Southfield, Michigan , July 23, 2020 (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 release with our second quarter 2020 results on Thursday, July 30, 2020, after the market closes. A webcast is scheduled for Thursday, July 30, 2020, at 5:00 p.m. Eastern Time to discuss second quarter 2020 results. The webcast can be accessed live by visiting the “Investor Relations” section of our website at creditacceptance.com or by dialing 877-303-2904. Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website. Description of Credit Acceptance CorporationSince 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing. Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com. CONTACT: Investor Relations: Douglas W. Busk Chief Treasury Officer (248) 353-2700 Ext. 4432 IR@creditacceptance.com
- 07/23/2020
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Credit Acceptance Corporation -- Moody's announces completion of a periodic review of ratings of Credit Acceptance Corporation
- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Credit Acceptance Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- 07/22/2020
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The Fear Of Stock Market Failure
- The stock market is a big place with thousands of investments that you can make as an investor. It’s a frustrating place.
- 07/22/2020
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The Fear of Stock Market Failure
- The stock market is a big place with thousands of investments that you can make as an investor. It’s a frustrating place. Continue reading...
- 07/21/2020
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Here’s how a Biden presidency could hurt financial stocks
- As Joe Biden leads President Donald Trump by double digits in national polls, analysts are assessing how financial stocks could be affected by having the...
- 07/20/2020
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RV Capital H1 2020 Investor Letter
- RV Capital is a pure asset management business with assets under advisement in excess of €200M. The NAV of Business Owner was €777.13 as of 30 June 2020.
- 07/20/2020
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Can You Imagine How Credit Acceptance's (NASDAQ:CACC) Shareholders Feel About The 90% Share Price Increase?
- Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
- 07/20/2020
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Coastal Investment Advisors Inc. Boosts Stake in Credit Acceptance Corp. (NASDAQ:CACC)
- Coastal Investment Advisors Inc. boosted its position in shares of Credit Acceptance Corp. (NASDAQ:CACC) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 902 shares of the credit services provider’s stock after purchasing an additional 37 shares during the quarter. […]
- 07/18/2020
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Did Hedge Funds Make The Right Call On Credit Acceptance Corp. (CACC) ?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 07/17/2020
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Advisor Group Holdings Inc. Makes New $348,000 Investment in Credit Acceptance Corp. (NASDAQ:CACC)
- Advisor Group Holdings Inc. acquired a new position in Credit Acceptance Corp. (NASDAQ:CACC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,338 shares of the credit services provider’s stock, valued at approximately $348,000. Several other large investors have also modified their holdings […]
- 07/17/2020
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Credit Acceptance Shows Market Leadership With Jump To 82 RS Rating
- Credit Acceptance shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 78 to 82.
- 07/16/2020
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2Q 2020: To Hell And Back
- Everyone who owned common stocks in the U.S. went through hell in the first quarter of this year.
- 07/16/2020
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Credit Acceptance Corp. (NASDAQ:CACC) Major Shareholder Sells $4,435,800.00 in Stock
- Credit Acceptance Corp. (NASDAQ:CACC) major shareholder Donald A. Foss sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $443.58, for a total value of $4,435,800.00. Following the completion of the sale, the insider now owns 1,776,342 shares of the company’s […]
- 07/16/2020
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Insider Selling: Credit Acceptance Corp. (NASDAQ:CACC) Major Shareholder Sells 2,379 Shares of Stock
- Credit Acceptance Corp. (NASDAQ:CACC) major shareholder Donald A. Foss sold 2,379 shares of the company’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $437.96, for a total transaction of $1,041,906.84. Following the completion of the sale, the insider now directly owns 1,776,342 shares of the company’s […]
- 07/16/2020
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2Q 2020: To Hell and Back
- Everyone who owned common stocks in the US went through hell in the first quarter of this year Continue reading...
- 07/15/2020
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5 Predictable Stocks With a Margin of Safety
- Ulta Beauty on the list Continue reading...
- 07/15/2020
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Credit Acceptance Auto Loan Trust 2020-2 -- Moody's assigns provisional ratings to Credit Acceptance Auto Loan Trust 2020-2
- Moody's Investors Service ("Moody's") has assigned provisional ratings to the notes to be issued by Credit Acceptance Auto Loan Trust 2020-2 (CAALT 2020-2). This is the second securitization of non-prime auto loans sponsored by Credit Acceptance Corporation (CAC; Ba3 stable) this year. The loans are backed by collections on non-prime-quality retail installment auto loan contracts originated by CAC, who is also the servicer and administrator for the transaction.
- 07/15/2020
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Giverny Capital Q2 2020 David Poppe Letter
- Giverny Capital Asset Management, LLC is a partnership between Giverny Capital of Montreal and David Poppe, the former president and chief executive officer of Ruane, Cunniff & Goldfarb, LLC.
- 07/13/2020
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Credit Acceptance Auto Loan Trust 2020-2 -- Moody's assigns provisional ratings to Credit Acceptance Auto Loan Trust 2020-2
- Moody's Investors Service ("Moody's") has assigned provisional ratings to the notes to be issued by Credit Acceptance Auto Loan Trust 2020-2 (CAALT 2020-2). This is the second securitization of non-prime auto loans sponsored by Credit Acceptance Corporation (CAC; Ba3 stable) this year. The loans are backed by collections on non-prime-quality retail installment auto loan contracts originated by CAC, who is also the servicer and administrator for the transaction.
- 07/10/2020
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MPE Capital Investor Letter - H1 2020
- MPE Capital seeks to purchase the common stock of businesses with durable competitive advantages, run by competent management teams with proven track records of value creation, and at prices below a conservatively estimated intrinsic value.
- 07/10/2020
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Credit Acceptance Announces Change of Location of 2020 Annual Meeting of Shareholders
- Shareholders will not be able to attend the Annual Meeting physically in person. Only shareholders of record of the Company at the close of business on May 21, 2020, the record date for the Annual Meeting, are entitled to notice of and to vote at the Annual Meeting. Shareholders of record as of the record date will be able to attend and participate in the Annual Meeting online by logging in to the Meeting Center at www.meetingcenter.io/217422590 using the 15-digit control number found on their proxy card or Notice of Internet Availability of Proxy Materials or on the instructions that accompanied their proxy materials.
- 07/02/2020
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Why Is Credit Acceptance (CACC) Up 15% Since Last Earnings Report?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 06/26/2020
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Credit Acceptance Corp. (NASDAQ:CACC) Shares Sold by Maverick Capital Ltd.
- Maverick Capital Ltd. decreased its position in Credit Acceptance Corp. (NASDAQ:CACC) by 49.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,908 shares of the credit services provider’s stock after selling 4,744 shares during the period. Maverick Capital Ltd.’s holdings in Credit Acceptance were worth $1,255,000 at […]
- 06/26/2020
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A Tale of Two Electric Vehicle Charging Stations: Drafting Lessons for the New Eligibility Reality
- I recently stumbled across a new patent titled Enhanced wireless charging. In ChargePoint, the claims directed to a wireless vehicle charging station were found to be abstract and patent ineligible. A review of the disclosure and claims of each patent offer a valuable drafting lesson amid eligibility uncertainty.
- 06/23/2020
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Credit Acceptance Named #18 Midsize Company in IDG’s Insider Pro and Computerworld 2020 Best Places to Work in IT
- The Best Places to Work in Information Technology (“IT”) list is an annual ranking of the top 100 work environments for technology professionals by IDG’s Insider Pro and Computerworld. In addition, Computerworld conducted a survey of our IT team, and their responses were analyzed and factored heavily in determining our award ranking.
- 06/23/2020
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JPMorgan Chase & Co. Has $2.01 Million Stake in Credit Acceptance Corp. (NASDAQ:CACC)
- JPMorgan Chase & Co. reduced its position in shares of Credit Acceptance Corp. (NASDAQ:CACC) by 57.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,862 shares of the credit services provider’s stock after selling 10,608 shares during the period. JPMorgan Chase […]
- 06/22/2020
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Credit Acceptance Corp. (NASDAQ:CACC) Holdings Lowered by Janus Henderson Group PLC
- Janus Henderson Group PLC trimmed its stake in shares of Credit Acceptance Corp. (NASDAQ:CACC) by 41.8% during the first quarter, Holdings Channel reports. The institutional investor owned 16,849 shares of the credit services provider’s stock after selling 12,124 shares during the period. Janus Henderson Group PLC’s holdings in Credit Acceptance were worth $4,308,000 at the […]
- 06/21/2020
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4 Reasons to Buy Credit Acceptance (CACC) Stock Right Now
- Given its solid prospects and steady capital-deployment activities, Credit Acceptance (CACC) stock is an attractive investment option at the moment.
- 06/17/2020
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Hedge Funds Abandoned Credit Acceptance Corp. (CACC) During The Crash
- In this article you are going to find out whether hedge funds think Credit Acceptance Corp. (NASDAQ:CACC) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/16/2020
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Credit Acceptance Corp. (NASDAQ:CACC) Shares Acquired by Treasurer of the State of North Carolina
- Treasurer of the State of North Carolina boosted its holdings in shares of Credit Acceptance Corp. (NASDAQ:CACC) by 65.2% in the 1st quarter, Holdings Channel reports. The firm owned 4,169 shares of the credit services provider’s stock after buying an additional 1,646 shares during the period. Treasurer of the State of North Carolina’s holdings in […]
- 06/14/2020
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Edited Transcript of CACC earnings conference call or presentation 27-May-20 9:00pm GMT
- Q1 2020 Credit Acceptance Corp Earnings Call
- 06/10/2020
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Credit Acceptance Corp. (NASDAQ:CACC) VP Douglas W. Busk Sells 1,500 Shares of Stock
- Credit Acceptance Corp. (NASDAQ:CACC) VP Douglas W. Busk sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $477.07, for a total transaction of $715,605.00. CACC opened at $477.07 on Wednesday. Credit Acceptance Corp. has a fifty-two week low of $199.00 and […]
- 06/10/2020
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Tracking Ruane, Cunniff, & Goldfarb's Portfolio - Q1 2020 Update (MUTF:SEQUX)
- Ruane, Cunniff, & Goldfarb’s 13F portfolio value decreased from $8.09B to $6.24B this quarter. The number of positions decreased from 40 to 38. They increased C
- 06/08/2020
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5 Profitable Companies With a Margin of Safety
- AutoZone makes the list Continue reading...
- 06/05/2020
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Edited Transcript of CACC earnings conference call or presentation 27-May-20 9:00pm GMT
- Q1 2020 Credit Acceptance Corp Earnings Call
- 05/30/2020
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Credit Acceptance Corporation (CACC) For Potential Securities Law Violations
- Hagens Berman urges investors in Credit Acceptance Corporation (CACC) to submit their losses now. The investigation concerns Credit Acceptance’s repeated assurances, as recently as Feb. 11, 2020, that the company maintained in all material respects effective internal controls over financial reporting. On Mar. 25, 2020, Citron Research published a report (1) highlighting the steep upward trend in subprime auto loan delinquencies, (2) observing “[o]ver the years CACC has been taking on riskier and lower return loans and hiding the true volatility of its earnings through aggressive accounting,” and (3) questioning the accuracy of the reported book value of the company’s loans.
- 05/30/2020
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Credit Acceptance Corp (CACC) Q1 2020 Earnings Call Transcript
- Image source: The Motley Fool. Credit Acceptance Corp (NASDAQ: CACC)Q1 2020 Earnings CallMay 27, 2020, 7:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, everyone and welcome to the Credit Acceptance Corporation First Quarter 2020 Earnings Call.
- 05/28/2020
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Credit Acceptance (CACC) Incurs Q1 Loss as Provisions Jump
- A drastic rise in credit costs hurt Credit Acceptance's (CACC) Q1 results.
- 05/28/2020
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Block & Leviton LLP Investigates Credit Acceptance Corporation (CACC) for Possible Securities Laws Violations; Investors Who Lost Money Should Contact the Firm
- BOSTON, MA / ACCESSWIRE / May 28, 2020 / Block & Leviton LLP alerts investors in Credit Acceptance Corporation (NASDAQ:CACC) that the firm is investigating possible securities laws violations involving ...
- 05/28/2020
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Credit Acceptance (CACC) Reports Q1 Loss, Tops Revenue Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of -211.08% and 14.64%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/27/2020
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CREDIT ACCEPTANCE ANNOUNCES FIRST QUARTER 2020 RESULTS
- Southfield, Michigan, May 27, 2020 -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced a.
- 05/27/2020
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Credit Acceptance Corp. to Host Earnings Call
- NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Credit Acceptance Corp. (NASDAQ:CACC) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 27, 2020 at 5:00 PM ...
- 05/27/2020
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Credit Acceptance Announces Timing of First Quarter 2020 Results and Webcast
- The webcast can be accessed live by visiting the “Investor Relations” section of our website at ir.creditacceptance.com or by dialing 877-303-2904. Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website. Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
- 05/21/2020
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SHAREHOLDER ALERT: Lowey Dannenberg Investigates Claims on Behalf of Investors of Credit Acceptance Corporation (CACC)
- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors is investigating claims of violations of federal securities laws on behalf of investors of Credit Acceptance Corporation (“Credit Acceptance” or the “Company”) (CACC). Credit Acceptance provides funding, receivables management, collection, sales training, and related services to automobile dealers and provides indirect financing for buyers with limited access to traditional sources of consumer credit. On March 25, 2020, Citron Research published a report highlighting the steep increase in subprime auto loan delinquencies, accusing Credit Acceptance of “taking on riskier and lower return loans and hiding the true volatility of its earnings through aggressive accounting.”
- 05/21/2020
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How Does Credit Acceptance's (NASDAQ:CACC) P/E Compare To Its Industry, After Its Big Share Price Gain?
- Those holding Credit Acceptance (NASDAQ:CACC) shares must be pleased that the share price has rebounded 37% in the...
- 05/21/2020
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Long-short ETFs offer investors a 'smarter way to hedge,' fund manager says as demand rises
- Exchange-traded funds that leverage short-selling strategies can help investors diversify their portfolios and hedge against unexpected declines, says Noah Hamman, CEO and founder of AdvisorShares.
- 05/19/2020
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Tesla And Carvana: A Peculiar Relationship
- To support many sales, especially fleet sales or sales to leasing companies, Tesla offers a residual value guarantee. And, in determining how much revenue it re
- 05/12/2020
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Credit Acceptance Corporation (CACC) For Potential Securities Law Violations
- Hagens Berman urges persons and investors in Credit Acceptance Corporation (CACC) who have suffered significant losses to submit their losses now. The investigation concerns Credit Acceptance’s repeated assurances, as recently as Feb. 11, 2020, that the company maintained in all material respects effective internal controls over financial reporting. On Mar. 25, 2020, Citron Research published a report (1) highlighting the steep upward trend in subprime auto loan delinquencies, (2) observing “[o]ver the years CACC has been taking on riskier and lower return loans and hiding the true volatility of its earnings through aggressive accounting,” and (3) questioning the accuracy of the reported book value of the company’s loans.
- 05/11/2020
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Tracking William Von Mueffling's Cantillon Capital Management Portfolio - Q1 2020 Update
- William Von Mueffling's 13F portfolio value decreased this quarter from $10.75B to $9.04B. They added Applied Materials, Microsoft, and W R Grace & Co during th
- 05/11/2020
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SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Credit Acceptance Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / May 6, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Credit Acceptance Corporation ("Credit Acceptance" or "the Company") (NASDAQ:CACC) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Credit Acceptance is the subject of a report published by Citron Research on March 25, 2020.
- 05/06/2020
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Tao Value’s Latest Views on Credit Acceptance (CACC) and Alliance Data Systems (ADS) Stocks
- Tao Value recently released its Q1 2020 Investor Letter, a copy of which you can download here. The fund posted a return of -12.96% for the quarter, outperforming their benchmark, the MSCI All Country World Index (ACWI) which returned -21.05% in the same quarter. In the said letter, Tao Value highlighted Credit Acceptance Corp (NASDAQ:CACC) and […]
- 05/06/2020
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Subprime Auto Loans Blow Up, Get Very Messy
- With 30 Million Unemployed, Even Prime Loans Will Get Messy
- 05/06/2020
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IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Credit Acceptance Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- LOS ANGELES, CA / ACCESSWIRE / May 5, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Credit Acceptance Corporation ("Credit Acceptance" or "the Company") (NASDAQ:CACC) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Credit Acceptance is the subject of a report published by Citron Research on March 25, 2020.
- 05/06/2020
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Credit Acceptance Corporation (CACC) For Potential Securities Law Violations
- SAN FRANCISCO , CA / ACCESSWIRE / May 5, 2020 / Hagens Berman urges persons and investors in Credit Acceptance Corporation (NASDAQ:CACC) who have suffered significant losses to submit their losses now ...
- 05/06/2020
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Credit Acceptance Named to the 2020 Nevada Top Workplaces List
- A special advertisement in the Sunday, May 3, 2020 edition of the Las Vegas Review-Journal highlighted Credit Acceptance as a top workplace. To see the complete list of 2020 Nevada Top Workplaces, visit the Las Vegas Business Press website.
- 05/05/2020
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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Credit Acceptance Corporation and Encourages Investors with Losses of $100,000 to Contact the Firm
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Credit Acceptance Corporation.
- 05/04/2020
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EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Credit Acceptance Corporation – CACC
- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public.
- 05/04/2020
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Quality companies outperform by maybe 5% a year
- It has been difficult for me to accept that I should be buying stocks with high P/E ratios, high P/B ratios, and mediocre management teams. Quality rarely comes cheap and without warts. But, I…
- 05/04/2020
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EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Credit Acceptance Corporation – CACC
- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Credit Accep
- 05/04/2020
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The Federal Circuit Holds Banks to Be ‘Persons’ Under the America Invents Act
- Recently, the Federal Circuit affirmed a decision of the Patent Trial and Appeal Board, holding that claims 21–24 of U.S. Patent No. 6,754,640 and claims 1-20 of U.S. Patent 8,768,840, both owned by Bozeman Financial LLC, are directed to patent ineligible subject matter under 35 U.S.C. § 101.
- 05/02/2020
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Credit Acceptance Corporation (CACC) For Potential Securities Law Violations
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Credit Acceptance Corporation (CACC) For Potential Securities Law Violations
- Hagens Berman urges persons and investors in Credit Acceptance Corporation (CACC) who have suffered significant losses to submit their losses now. The investigation concerns Credit Acceptance’s repeated assurances, as recently as Feb. 11, 2020, that the company maintained in all material respects effective internal controls over financial reporting. On Mar. 25, 2020, Citron Research published a report (1) highlighting the steep upward trend in subprime auto loan delinquencies, (2) observing “[o]ver the years CACC has been taking on riskier and lower return loans and hiding the true volatility of its earnings through aggressive accounting,” and (3) questioning the accuracy of the reported book value of the company’s loans.
- 05/02/2020
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CREDIT ACCEPTANCE CORPORATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Credit Acceptance Corporation on Behalf of Stockholders and Encourages Investors to Contact the Firm
- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Credit Acceptance Corporation (NASDAQ: CACC) on behalf of Credit Acceptance stockholders. Our investigation concerns whether Credit Acceptance has violated the federal securities laws and/or engaged in other unlawful business practices.
- 05/01/2020
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How Does Credit Acceptance's (NASDAQ:CACC) P/E Compare To Its Industry, After Its Big Share Price Gain?
- Those holding Credit Acceptance (NASDAQ:CACC) shares must be pleased that the share price has rebounded 31% in the...
- 05/01/2020
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Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Credit Acceptance Corporation (CACC) on Behalf of Investors
- LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Credit Acceptance Corporation ("Credit Acceptance" or the "Company") (NASDAQ: CACC) investors concerning the Company and its officers’ possible violations of the federal securities laws.
- 04/30/2020
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CACC Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Credit Acceptance Corporation and Encourages Investors to Contact the Firm
- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Credit Acceptance Corporation ("Credit Acceptance" or "the Company") (NASDAQ: CACC). Investors who purchased Credit Acceptance securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cacc.
- 04/30/2020
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The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Credit Acceptance Corporation Investors (CACC)
- The Law Offices of Frank R. Cruz announces an investigation on behalf of Credit Acceptance Corporation ("Credit Acceptance" or the "Company") (NASDAQ: CACC) investors concerning the Company and its officers’ possible violations of federal securities laws.
- 04/29/2020
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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Credit Acceptance Corporation (CACC) on Behalf of Investors
- INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Credit Acceptance Corporation (CACC) on Behalf of Investors
- 04/29/2020
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CACC Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Credit Acceptance Corporation and Encourages Investors to Contact the Firm
- NEW YORK, NY / ACCESSWIRE / April 29, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Credit Acceptance Corporation ("Credit Acceptance" ...
- 04/29/2020
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Credit Acceptance Corporation (CACC) For Potential Securities Law Violations
- Hagens Berman urges persons and investors in Credit Acceptance Corporation (NASDAQ: CACC) who have suffered significant losses to submit their losses now. The firm is investigating possible securities law violations and welcomes contact by persons and investors who may have information relating to investor claims.
- 04/29/2020
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Solid Bond Issuance Volume to Aid Moody's (MCO) Q1 Earnings
- Impressive bond issuances are likely to have supported Moody's (MCO) Q1 earnings.
- 04/28/2020
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Credit Acceptance (CACC) Expected to Beat Earnings Estimates: Should You Buy?
- Credit Acceptance (CACC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/27/2020
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Wave Of Repos Imminent As Subprime Auto-Buyers Miss Payments
- As unemployment soars, borrowers are putting off payments or “reallocating resources” ...
- 04/26/2020
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Coastal Investment Advisors Inc. Has $221,000 Stock Holdings in Credit Acceptance Corp. (NASDAQ:CACC)
- Coastal Investment Advisors Inc. lessened its stake in shares of Credit Acceptance Corp. (NASDAQ:CACC) by 10.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 865 shares of the credit services provider’s stock after selling 101 shares during the quarter. Coastal Investment Advisors Inc.’s holdings […]
- 04/26/2020
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Wave of Repossessions Coming as Subprime Auto Buyers Miss Payments
- As unsold cars pile up on dealer lots, subprime consumers skip auto loan payments.
- 04/26/2020
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Discover Financial Services (DFS) Receives a Buy from Credit Suisse
- Credit Suisse analyst Moshe Orenbuch maintained a Buy rating on Discover Financial Services (DFS) yesterday and set a price target of $65.00. The
- 04/23/2020
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Discover Financial Services (DFS) Receives a Buy from Credit Suisse
- Credit Suisse analyst Moshe Orenbuch maintained a Buy rating on Discover Financial Services (DFS – Research Report) yesterday and set
- 04/23/2020
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Discover Financial's (DFS) Q1 Earnings Miss, Tumble Y/Y
- Discover Financial's (DFS) first-quarter earnings take a hit from the coronavirus effect.
- 04/23/2020
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What Kind Of Share Price Volatility Should You Expect For Credit Acceptance Corporation (NASDAQ:CACC)?
- If you're interested in Credit Acceptance Corporation (NASDAQ:CACC), then you might want to consider its beta (a...
- 04/22/2020
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IBM, HCA Healthcare fall; Beyond Meat, Laboratory Corp. rise
- NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday: International Business Machines Corp., down $3.65 to $116.76. The technology company pulled its financial forecasts for the year. The J.M. Smucker Co., down $4.26 to $117.36. The...
- 04/21/2020
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IBM, HCA Healthcare fall; Beyond Meat, Laboratory Corp. rise
- NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:
International Business Machines Corp., down $3.65 to $116.76.
The technology company pulled its financial forecasts for the year.
The J.M. Smucker Co., down $4.26 to $117.3
- 04/21/2020
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Industries that will face the most bankruptcies in these crazy COVID-19 times
- In this blog post, I’ll give my thoughts on industries that will almost certainly see many bankruptcies. In general, the stocks with the most bankruptcy risk have some combination of the fol…
- 04/21/2020
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Some Kind Of Auto Lending Crisis Is In The Making
- Auto lending in the midst of an economic collapse is never pretty, as people stop paying on their car loans to divert money to more immediate necessities like food and shelter. This collapse is no different.
- 04/21/2020
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Synchrony Financial's (SYF) Q1 Earnings Miss, Decline Y/Y
- Synchrony Financial's (SYF) first-quarter results reflect lower net interest income.
- 04/21/2020
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Synchrony Financial's (SYF) Q1 Earnings Miss, Decline Y/Y
- Synchrony Financial's (SYF) first-quarter results reflect lower net interest income.
- 04/21/2020
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Subprime car buyers skip loan payments in sign of trouble ahead
- Credit Acceptance Corp., the lender to car buyers with subprime credit scores, warned it's seeing a sharp drop-off in payments as people shift their financial priorities to get through the coronavirus pandemic.
- 04/21/2020
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Subprime Car Buyers Skip Loan Payments in Sign of Trouble Ahead
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Sleep Number: A Promising Small-Cap Investment
- There are many positive indicators, but the recent addition of debt added a wrinkle Continue reading...
- 04/20/2020
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Charlie Munger: 'We're not playing!'
- Our thoughts on market valuation and how gurus perceive it Continue reading...
- 04/20/2020
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Charlie Munger: 'We€™re not playing!'
- Charlie Munger: 'We’re not playing!', Stocks: BRK.A,BRK.B,MA,MKTX,INTU,BKNG,CACC,KMX,GOOG,GOOGL,, Warren Buffett, Charlie Munger, release date:Apr 20, 2020
- 04/20/2020
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Credit Acceptance Corp: A Good Prospect for the Longer Term
- A financing service that rides with the ups and downs of the auto dealerships Continue reading...
- 04/16/2020
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NAVI vs. CACC: Which Stock Should Value Investors Buy Now?
- NAVI vs. CACC: Which Stock Is the Better Value Option?
- 04/15/2020
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NAVI vs. CACC: Which Stock Should Value Investors Buy Now?
- NAVI vs. CACC: Which Stock Is the Better Value Option?
- 04/15/2020
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Lower Interest Rates to Hurt State Street's (STT) Q1 Earnings
- Despite overall decent loan growth, lower interest rates are expected to have hurt State Street's (STT) interest income in first-quarter 2020.
- 04/15/2020
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Lower Interest Rates to Hurt State Street's (STT) Q1 Earnings
- Despite overall decent loan growth, lower interest rates are expected to have hurt State Street's (STT) interest income in first-quarter 2020.
- 04/15/2020
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Exchange Traded Concepts LLC Grows Stake in Credit Acceptance Corp. (NASDAQ:CACC)
- Exchange Traded Concepts LLC increased its stake in Credit Acceptance Corp. (NASDAQ:CACC) by 21,428.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,507 shares of the credit services provider’s stock after acquiring an additional 1,500 shares during the […]
- 04/15/2020
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Consumer credit names dip after banks bolster reserves
- With JPMorgan Chase and Wells Fargo building reserves to deal with potential credit deterioration resulting from COVID-19, credit card and consumer lender names also dip.Furthermore, JPMorgan sees low
- 04/14/2020
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Fee Income Growth to Aid U.S. Bancorp's (USB) Q1 Earnings
- U.S. Bancorp's (USB) Q1 results are likely to reflect higher mortgage banking revenues, muted interest income and increased expenses.
- 04/14/2020
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Ladenburg Thalmann Financial Services Inc. Cuts Stock Position in Credit Acceptance Corp. (NASDAQ:CACC)
- Ladenburg Thalmann Financial Services Inc. cut its holdings in Credit Acceptance Corp. (NASDAQ:CACC) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 894 shares of the credit services provider’s stock after selling 72 shares during the quarter. Ladenburg Thalmann Financial Services […]
- 04/14/2020
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Franklin Resources Inc. Buys New Position in Credit Acceptance Corp. (NASDAQ:CACC)
- Franklin Resources Inc. bought a new stake in Credit Acceptance Corp. (NASDAQ:CACC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 764 shares of the credit services provider’s stock, valued at approximately $338,000. A number of other institutional investors and hedge […]
- 04/14/2020
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Santander Consumer USA details impacts of COVID-19
- As many auto dealerships close as a result of COVID-19-induced stay-at-home orders, Santander Consumer USA (NYSE:SC) discloses that its loan and lease originations are significantly declining.That may
- 04/13/2020
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Analysts Set Expectations for Credit Acceptance Corp.'s FY2021 Earnings (NASDAQ:CACC)
- Credit Acceptance Corp. (NASDAQ:CACC) – Analysts at Jefferies Financial Group decreased their FY2021 earnings estimates for Credit Acceptance in a report issued on Tuesday, April 7th. Jefferies Financial Group analyst J. Hecht now forecasts that the credit services provider will post earnings per share of $20.14 for the year, down from their prior estimate of […]
- 04/11/2020
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Investors May Want to Up Their Expectation on These Hit-Hard Names
- The world will still keep turning, providing plenty of investing opportunities Continue reading...
- 04/08/2020
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Investors May Want to Up Their Expectation on These Hit-Hard Names
- Investors May Want to Up Their Expectation on These Hit-Hard Names, Stocks: BKNG,CHH,CACC,TJX,ROST,TRIP,EXPE, release date:Apr 08, 2020
- 04/08/2020
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Ruane Cunniff's Sequoia Fund 1st-Quarter Letter to Investors
- Ruane Cunniff's Sequoia Fund 1st-Quarter Letter to Investors, Stocks: ANET,BKNG,KMX,CACC,SCHW,UNH,W,GOOG,AMZN,BRK.A,STZ, Ruane Cunniff, release date:Apr 07, 2020
- 04/07/2020
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The Auto Loan Market Is Facing a Meltdown, and These 3 Stocks Could Get Burned
- The coronavirus outbreak could act as the breaking point for a consumer loan business that was already being stretched thin.
- 04/07/2020
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Credit Acceptance Corp. (NASDAQ:CACC) Major Shareholder Sells $1,244,832.60 in Stock
- Credit Acceptance Corp. (NASDAQ:CACC) major shareholder Donald A. Foss sold 5,170 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $240.78, for a total transaction of $1,244,832.60. Following the sale, the insider now directly owns 1,939,960 shares in the company, valued at approximately […]
- 04/07/2020
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Credit Acceptance Corp. (NASDAQ:CACC) Shares Purchased by Bank of New York Mellon Corp
- Bank of New York Mellon Corp raised its position in Credit Acceptance Corp. (NASDAQ:CACC) by 6.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,703 shares of the credit services provider’s stock after buying an additional 3,099 shares during the quarter. Bank of New York Mellon Corp […]
- 04/06/2020
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4 Reasons to Buy Credit Acceptance (CACC) Stock Right Now
- Strong fundamentals make Credit Acceptance (CACC) stock an attractive investment option now.
- 04/03/2020
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4 Reasons to Buy Credit Acceptance (CACC) Stock Right Now
- Strong fundamentals make Credit Acceptance (CACC) stock an attractive investment option now.
- 04/03/2020
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Organic Growth Efforts Support Navient (NAVI): Time to Buy?
- Navient's (NAVI) focus on improving the top line by leveraging its asset recovery and developing technology platform encourages us.
- 04/01/2020
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Organic Growth Efforts Support Navient (NAVI): Time to Buy?
- Navient's (NAVI) focus on improving the top line by leveraging its asset recovery and developing technology platform encourages us.
- 04/01/2020
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5 Finance Picks Amid Coronavirus-Induced Weak Consumer Sentiment
- Strong earnings growth prospects make these finance stocks attractive despite several lingering concerns related to the coronavirus pandemic.
- 03/30/2020
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Credit Acceptance Named to the 2020 Best Workplaces in Financial Services & Insurance List for the Sixth Year in a Row
- Credit Acceptance Corporation (CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has earned an additional award based on a ranking released by Great Place to Work® and Fortune. Credit Acceptance was named to the 2020 Best Workplaces in Financial Services & Insurance list for the sixth year in a row. Credit Acceptance earned this ranking based on team members’ responses to questions describing the extent to which we create a Great Place to Work For All.
- 03/30/2020
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NAVI vs. CACC: Which Stock Is the Better Value Option?
- NAVI vs. CACC: Which Stock Is the Better Value Option?
- 03/30/2020
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NAVI vs. CACC: Which Stock Is the Better Value Option?
- NAVI vs. CACC: Which Stock Is the Better Value Option?
- 03/30/2020
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Lessons from Warren Buffett's 2008 Shareholder Letter
- The guru shared his thoughts on consistent focus, low yield and investment risk Continue reading...
- 03/23/2020
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Lessons from Warren Buffett€™s 2008 Shareholder Letter
- Lessons from Warren Buffett’s 2008 Shareholder Letter, Stocks: BRK.B,BRK.A,GGG,INTU,MA,EL,CACC, release date:Mar 22, 2020
- 03/23/2020
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Brookfield Renewable Partners L.P. (BEP): Hedge Funds Are In Wait-and-See Mode
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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Hedge Funds Started Selling NovoCure Limited (NVCR) Before The Coronavirus
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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Gerdau SA (GGB): Are Hedge Funds Right About This Stock?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/23/2020
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Do Hedge Funds Love News Corp (NWSA)?
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/23/2020
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Hedge Funds Have Never Been This Bullish On Credit Acceptance Corp. (CACC)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/23/2020
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A Sliding Share Price Has Us Looking At Credit Acceptance Corporation's (NASDAQ:CACC) P/E Ratio
- Unfortunately for some shareholders, the Credit Acceptance (NASDAQ:CACC) share price has dived 33% in the last thirty...
- 03/18/2020
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ECPG vs. CACC: Which Stock Should Value Investors Buy Now?
- ECPG vs. CACC: Which Stock Is the Better Value Option?
- 03/11/2020
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ECPG vs. CACC: Which Stock Should Value Investors Buy Now?
- ECPG vs. CACC: Which Stock Is the Better Value Option?
- 03/11/2020
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Tracking Ruane, Cunniff, & Goldfarb's Portfolio - Q4 2019 Update
- Ruane, Cunniff, & Goldfarb’s 13F portfolio value increased from $7.62B to $8.09B this quarter. The number of positions increased from 37 to 40. They added Arist
- 03/10/2020
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Credit Acceptance (CACC) Down 13.6% Since Last Earnings Report: Can It Rebound?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 02/29/2020
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Credit Acceptance (CACC) Down 13.6% Since Last Earnings Report: Can It Rebound?
- Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 02/29/2020
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NAVI or CACC: Which Is the Better Value Stock Right Now?
- NAVI vs. CACC: Which Stock Is the Better Value Option?
- 02/24/2020
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NAVI or CACC: Which Is the Better Value Stock Right Now?
- NAVI vs. CACC: Which Stock Is the Better Value Option?
- 02/24/2020
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Credit Acceptance Announces Completion of $500.0 Million Asset-Backed Financing
- Credit Acceptance Corporation (CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $500.0 million asset-backed non-recourse secured financing (the “Financing”). Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing.
- 02/20/2020
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Credit Acceptance Named to the 2020 Fortune 100 Best Companies to Work For® List by Great Place to Work® and Fortune
- Southfield, Michigan, Feb. 19, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named, for the seventh year in a row, as one of the Fortune 100 Best Companies to Work For, according to global research and consulting firm Great Place to Work and Fortune. The list recognizes companies that have exceptional workplace cultures. To determine the Fortune 100 Best Companies to Work For® list, Great Place to Work® analyzed responses from more than 650,000 employees at Great Place to Work-Certified™ organizations across the country.
- 02/19/2020
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Credit Acceptance Announces Redemption of Outstanding 7.375% Senior Notes Due 2023
- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the redemption of all of the Company’s 7.375% senior notes due 2023 (the “2023 notes”) in accordance with the terms of the indenture governing the 2023 notes (the “2023 notes indenture”). The Company has provided an irrevocable notice to U.S. Bank National Association, the trustee under the 2023 notes indenture, of the Company’s election to redeem all of the outstanding 2023 notes on March 15, 2020, in accordance with the terms of the 2023 notes indenture, at a redemption price equal to 101.844% of the principal amount thereof.
- 02/14/2020
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CURRENT SHAREHOLDERS: Zamansky LLC Investigates Credit Acceptance Corporation (NasdaqGS: CACC) for Potential Breaches of Fiduciary Duties
- Zamansky LLC announces that it is investigating Credit Acceptance Corporation (NasdaqGS: CACC) ("Credit Acceptance" or the "Company") for potential breaches of fiduciary duties by Credit Acceptance’s senior officers and board of directors. If you are a shareholder of Credit Acceptance who still holds your shares, please contact our firm for information.
- 02/13/2020
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Subprime Auto Loans Explode, "Serious Delinquencies" Spike To Record
- But this time, there is no unemployment crisis; these are the good times...
- 02/13/2020
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Fidelity National (FIS) Q4 Earnings Beat, Revenues Increase
- Fidelity National Information Services' (FIS) Q4 earnings reflect higher organic revenue growth and expanding margin, partially offset by higher expenses.
- 02/13/2020
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Credit Acceptance Auto Loan Trust 2017-2 -- Moody's upgrades ratings on Credit Acceptance Auto Loan Trust 2017-2
- Moody's Investors Service, ("Moody's") has upgraded two classes from Credit Acceptance Auto Loan Trust 2017-2 (CAALT 2017-2), backed by dealer loans and purchased loans sponsored and serviced by Credit Acceptance Corporation (CAC, Ba3 stable).
- 02/12/2020
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Subprime Auto Loans Explode, “Serious Delinquencies” Spike to Record. But There’s No Jobs Crisis, These Are the Good Times | naked capitalism
- Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
- 02/12/2020
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Subprime Auto Loans Explode, “Serious Delinquencies” Spike to Record. But There’s No Jobs Crisis, These Are the Good Times
- Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
- 02/12/2020
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Tracking William Von Mueffling's Cantillon Capital Management Portfolio - Q4 2019 Update
- William Von Mueffling's 13F portfolio value increased this quarter from $10.29B to $10.75B. The Entergis stake was increased while adding Autodesk and decreasin
- 02/08/2020
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NAVI or CACC: Which Is the Better Value Stock Right Now?
- NAVI vs. CACC: Which Stock Is the Better Value Option?
- 02/07/2020
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Credit Acceptance Auto Loan Trust 2020-1 -- Moody's assigns provisional ratings to Credit Acceptance Auto Loan Trust 2020-1
- Moody's Investors Service ("Moody's") has assigned provisional ratings to the notes to be issued by Credit Acceptance Auto Loan Trust 2020-1 (CAALT 2020-1). This is the first securitization of non-prime auto loans sponsored by Credit Acceptance Corporation (CAC; Ba3 stable) this year. The ratings are based on the quality of the underlying collateral and its expected performance, the strength of the capital structure, and the experience and expertise of CAC as the servicer.
- 02/06/2020
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Credit Acceptance Named One of the Best and Brightest Companies to Work For® in the Nation
- Credit Acceptance Corporation (CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the Best and Brightest Companies to Work For® in the nation. This is the eighth year in a row that Credit Acceptance has won this honor. To see the complete 2019 List of the Best and Brightest Companies to Work For®, visit thebestandbrightest.com.
- 02/05/2020
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Edited Transcript of CACC earnings conference call or presentation 30-Jan-20 10:00pm GMT
- Q4 2019 Credit Acceptance Corp Earnings Call
- 02/03/2020
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Credit Acceptance (CACC) Q4 Earnings & Revenues Lag, Costs Up
- Higher credit cost and increase in operating expenses hurt Credit Acceptance's (CACC) Q4 earnings, while rise in revenues offers some support.
- 01/31/2020
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Credit Acceptance (CACC) Q4 Earnings & Revenues Lag, Costs Up
- Higher credit cost and increase in operating expenses hurt Credit Acceptance's (CACC) Q4 earnings, while rise in revenues offers some support.
- 01/31/2020
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Credit Acceptance (CACC) Lags Q4 Earnings and Revenue Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of -4.02% and -0.69%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- 01/30/2020
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6 Stocks Killing Gurus' Returns
- Credit Acceptance tops the list Continue reading...
- 01/30/2020
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5 Guru Stocks Boosting Book Value
- Packaging Corp of America tops the list Continue reading...
- 01/30/2020
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Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2019 Earnings Release and Webcast
- Credit Acceptance Corporation (CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our fourth quarter and full year 2019 earnings on Thursday, January 30, 2020, after the market closes. The webcast can be accessed live by visiting the “Investor Relations” section of our website at ir.creditacceptance.com or by dialing 877-303-2904. Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website.
- 01/23/2020
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Credit Acceptance (CACC) Earnings Expected to Grow: Should You Buy?
- Credit Acceptance (CACC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/22/2020
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Credit Acceptance (CACC) Earnings Expected to Grow: Should You Buy?
- Credit Acceptance (CACC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/22/2020
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Daily Insider Ratings Round Up 1/10/20
- Tables of the top insider purchases and sales filed with the SEC on 1/10/20, based on dollar value. Dollar values often do not equate with significance when it
- 01/15/2020
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Credit Acceptance (CACC) Q3 Earnings, Revenues Lag Estimates
- Higher expenses and worsening asset quality hurt Credit Acceptance's (CACC) Q3 earnings. Yet, rise in top line offers some support.
- 11/04/2019
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Credit Acceptance (CACC) Misses Q3 Earnings and Revenue Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of -4.38% and -0.83%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- 11/01/2019
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Credit Acceptance (CACC) Tops Q2 Earnings and Revenue Estimates
- Credit Acceptance (CACC) delivered earnings and revenue surprises of 2.24% and 2.90%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- 07/31/2019
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Credit Acceptance (CACC) Earnings Expected to Grow: What to Know Ahead of Q2 Release
- Credit Acceptance (CACC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/23/2019
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Credit Acceptance (CACC) Upgraded to Strong Buy: Here's What You Should Know
- Credit Acceptance (CACC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 07/19/2019
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