Credit AcceptanceCACC
CACC
About: Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.
Employees: 2,431
0
Funds holding %
of 7,363 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
62% more call options, than puts
Call options by funds: $18.5M | Put options by funds: $11.5M
50% more funds holding in top 10
Funds holding in top 10: 10 [Q3] → 15 (+5) [Q4]
50% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 30
20% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 66
6% more funds holding
Funds holding: 230 [Q3] → 243 (+13) [Q4]
5% more capital invested
Capital invested by funds: $3.53B [Q3] → $3.72B (+$185M) [Q4]
0.47% less ownership
Funds ownership: 65.75% [Q3] → 65.27% (-0.47%) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$500
6%
upside
Avg. target
$500
6%
upside
High target
$500
6%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Stephens & Co. Kyle Joseph 40% 1-year accuracy 4 / 10 met price target | 6%upside $500 | Equal-Weight Maintained | 31 Jan 2025 |
Financial journalist opinion
Based on 4 articles about CACC published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
Credit Acceptance Announces Closing of $500.0 Million Senior Notes Offering and Completion of Redemption of Senior Notes Due 2026
Southfield, Michigan, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the closing of the Company's previously announced offering of $500.0 million aggregate principal amount of its 6.625% senior notes due 2030 (the “notes”) at an issue price of 100% of the principal amount of the notes in a private offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
Neutral
GlobeNewsWire
3 weeks ago
Credit Acceptance Announces Conditional Notice of Redemption for Outstanding Senior Notes Due 2026
Southfield, Michigan, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it has delivered a conditional notice of redemption to the trustee for the Company's 6.625% senior notes due 2026 (the “2026 notes”). The notice of redemption calls for the redemption of all of the outstanding $400.0 million aggregate principal amount of 2026 notes (the “redemption”) on February 28, 2025, in accordance with the terms of the indenture governing the 2026 notes. The redemption is conditioned upon the Company's receipt, prior to the redemption date (or on the redemption date at or prior to such time as may be determined by the Company in its sole and absolute discretion), of aggregate proceeds (before initial purchasers' discounts and commissions and other offering expenses) from the offering of the Company's senior notes due 2030 announced today of at least $400.0 million.
Neutral
GlobeNewsWire
3 weeks ago
Credit Acceptance Announces Pricing of $500.0 Million Senior Notes Offering
Southfield, Michigan , Feb. 13, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it priced $500.0 million aggregate principal amount of its 6.625% senior notes due 2030 (the “notes”) in its previously announced offering at an issue price of 100% of the principal amount of the notes. The $500.0 million aggregate principal amount of the notes represents an increase in the offering size from the previously announced $400.0 million. The closing of the sale of the notes is expected to occur on or about February 28, 2025, subject to customary closing conditions. We intend to use the net proceeds from the offering of the notes (1) to fund the redemption of all of our $400.0 million outstanding 6.625% senior notes due 2026 (the “2026 notes”), in accordance with the terms of the indenture governing the 2026 notes, and the payment of fees and expenses in connection therewith and (2) for general corporate purposes. Pending this application of the net proceeds from the offering of the notes, the net proceeds may be invested in short-term investments or applied to repay borrowings under our revolving credit facility without reducing the lenders' commitments thereunder.
Neutral
GlobeNewsWire
3 weeks ago
Credit Acceptance Announces $400.0 Million Senior Notes Offering
Southfield, Michigan, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it plans to offer $400.0 million aggregate principal amount of senior notes due 2030 (the “notes”). We intend to use the net proceeds from the offering of the notes, together with cash on hand, to fund the redemption of all of our $400.0 million outstanding 6.625% senior notes due 2026 (the “2026 notes”), in accordance with the terms of the indenture governing the 2026 notes, and the payment of fees and expenses in connection therewith. Pending this application of the net proceeds from the offering of the notes, the net proceeds may be invested in short-term investments or applied to repay borrowings under our revolving credit facility without reducing the lenders' commitments thereunder.
Positive
Zacks Investment Research
1 month ago
CACC Stock Jumps 5.8% as Q4 Earnings Beat on Higher Finance Charges
An increase in finance charges, lower provisions and higher net loan receivables support Credit Acceptance's Q4 earnings.
Neutral
Zacks Investment Research
1 month ago
Credit Acceptance (CACC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Credit Acceptance (CACC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Neutral
Seeking Alpha
1 month ago
Credit Acceptance Corporation (CACC) Q4 2024 Earnings Call Transcript
Credit Acceptance Corporation (NASDAQ:CACC ) Q4 2024 Earnings Conference Call January 30, 2024 5:00 PM ET Company Participants Jay D. Martin - Chief Financial Officer Kenneth S.
Positive
Zacks Investment Research
1 month ago
Credit Acceptance (CACC) Q4 Earnings and Revenues Surpass Estimates
Credit Acceptance (CACC) came out with quarterly earnings of $12.26 per share, beating the Zacks Consensus Estimate of $6.82 per share. This compares to earnings of $7.29 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Credit Acceptance Announces Fourth Quarter and Full Year 2024 Results
Southfield, Michigan, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $151.9 million, or $12.26 per diluted share, for the three months ended December 31, 2024 compared to consolidated net income of $93.6 million, or $7.29 per diluted share, for the same period in 2023. Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2024 was $126.0 million, or $10.17 per diluted share, compared to $129.1 million, or $10.06 per diluted share, for the same period in 2023. The following table summarizes our financial results:
Neutral
GlobeNewsWire
1 month ago
Credit Acceptance Announces Timing of Fourth Quarter 2024 Earnings Release and Webcast
Southfield, Michigan, Jan. 23, 2025 (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 2024 earnings on Thursday, January 30, 2025, after the market closes. A webcast is scheduled for Thursday, January 30, 2025, at 5:00 p.m. Eastern Time to discuss fourth quarter 2024 earnings.
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