Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. Credit Acceptance Corporation was founded in 1972 and is headquartered in Southfield, Michigan.
IPO Year: 1992
Exchange: NASDAQ
Website: creditacceptance.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $452.00 | Equal-Weight | Stephens |
| 11/1/2023 | $360.00 | Underperform | TD Cowen |
| 2/1/2022 | $411.00 → $428.00 | Market Perform | BMO Capital |
| 11/2/2021 | $380.00 → $420.00 | Underperform | Credit Suisse |
| 11/2/2021 | $295.00 → $355.00 | Market Underperform | JMP Securities |
| 11/2/2021 | $470.00 → $519.00 | Equal-Weight | Stephens & Co. |
| 7/30/2021 | $330.00 → $360.00 | Underperform | Credit Suisse |
| 7/6/2021 | $310.00 → $330.00 | Underperform | Credit Suisse |
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Southfield, Michigan, Dec. 10, 2025 (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 Places to Work in IT by Computerworld for the 11th year. Credit Acceptance ranked #2 among midsize companies, up six spots from last year. This award recognizes companies with comprehensive tech-led strategies that foster an inclusive, supportive, and growth-oriented workplace. "This year, our Engineering team led meaningful, transformative change. We made major progress modernizing our foundational technologies and integrating AI to better support our customers and team members," said R
Southfield, Michigan, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") has been named a 2025 Top Workplace in Michigan by the Detroit Free Press, ranking #2 among large companies, the same as last year. This marks our 14th consecutive year earning this honor. "We're incredibly proud of this recognition because it comes directly from our team," said Wendy Rummler, Chief People Officer at Credit Acceptance. "Our team members truly live our mission of changing lives every day. Whether they're collaborating virtually, giving back to our communities, or supporting each other, they live our PR
Southfield, Michigan, Nov. 13, 2025 (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 conveyed loans having a value of approximately $625.2 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 $284,610,000 2.58 years 99.97705% 4.50% B $104,570,000 3.33 years 99.98397% 4.87% C $110,820,000 3.70 years 99.98573% 5.38% The Financi
Southfield, Michigan, Oct. 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 $108.2 million, or $9.43 per diluted share, for the three months ended September 30, 2025. Adjusted net income, a non-GAAP financial measure, for the three months ended September 30, 2025 was $117.9 million, or $10.28 per diluted share. The following table summarizes our financial results: (In millions, except per share data) For the Three Months Ended September 30, 2025 June 30, 2025 September 30, 2024GAAP net income $ 108.2 $ 87.4 $ 78.8 GAAP net inco
Southfield, Michigan, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced that Kenneth S. Booth, Chief Executive Officer and President and a member of the Company's Board of Directors, will retire as of January 31, 2026. Mr. Booth will remain a member of the Company's Board of Directors. The Board of Directors has unanimously elected and appointed Vinayak R. Hegde as the Company's next Chief Executive Officer and President, effective November 13, 2025. As of this date, Mr. Booth will transition to Executive Board Member. Mr. Hegde currently serves on the Company's Board of D
Southfield, Michigan, Oct. 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 third quarter 2025 earnings on Thursday, October 30, 2025, after the market closes. A webcast is scheduled for Thursday, October 30, 2025, at 5:00 p.m. Eastern Time to discuss third quarter 2025 earnings. Conference Call and Webcast Information:Date: Thursday, October 30, 2025Time: 5:00 p.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participat
Southfield, Michigan, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") has been named one of the 2025 US Fortune Best Workplaces for Women™ for the seventh time. We ranked #11 on the Top 100 Large Company list, up 18 spots from last year. "With women making up more than half of our workforce and nearly half of our people leaders, their perspectives and contributions are essential to our success," said Wendy Rummler, Chief People Officer at Credit Acceptance. "Being recognized on this list reinforces our commitment to fostering an environment where women—and all team members—can grow and
Southfield, Michigan, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") has been named a 2025 Top Workplace for Remote Work by CareerBuilder® and Monster. Credit Acceptance was ranked #1 in the 1,000-2,499 employee category, up one spot from last year. "While many companies are scaling back flexible work, we continue to embrace it," said Wendy Rummler, Chief People Officer of Credit Acceptance. "Our remote-first policy is a visible extension of our culture. With 95% of our team members agreeing that Credit Acceptance is a great place to work, we've seen firsthand how prioritizing flexibil
Southfield, Michigan, Sept. 19, 2025 (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 September 21, 2026 to September 19, 2028. The interest rate on borrowings under the facility has been decreased from the Secured Overnight Financing Rate ("SOFR") plus 225 basis points to SOFR plus 185 basis points. There were no other material changes to the terms of the facility. As of September 19, 2025, we did not have a balance outstanding under the facility. Description of Credi
Southfield, Michigan, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") has been named to the 2025 Fortune Best Workplaces in Financial Services & Insurance™ list by Great Place To Work® and Fortune for the eleventh consecutive year. Credit Acceptance was ranked 10th among the 50 companies in the large company category, up 3 spots from last year. "It's an honor to be recognized again as a top workplace in finance and insurance. This award reflects the heart of our culture—one built on trust, purpose, and the belief that when you invest in your people, everything else follows. We're proud
8-K - CREDIT ACCEPTANCE CORP (0000885550) (Filer)
10-Q - CREDIT ACCEPTANCE CORP (0000885550) (Filer)
8-K - CREDIT ACCEPTANCE CORP (0000885550) (Filer)
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8-K - CREDIT ACCEPTANCE CORP (0000885550) (Filer)
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8-K - CREDIT ACCEPTANCE CORP (0000885550) (Filer)
8-K - CREDIT ACCEPTANCE CORP (0000885550) (Filer)
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Stephens initiated coverage of Credit Acceptance Corp. with a rating of Equal-Weight and set a new price target of $452.00
TD Cowen initiated coverage of Credit Acceptance Corp. with a rating of Underperform and set a new price target of $360.00
BMO Capital reiterated coverage of Credit Acceptance with a rating of Market Perform and set a new price target of $428.00 from $411.00 previously
Credit Suisse reiterated coverage of Credit Acceptance with a rating of Underperform and set a new price target of $420.00 from $380.00 previously
JMP Securities reiterated coverage of Credit Acceptance with a rating of Market Underperform and set a new price target of $355.00 from $295.00 previously
Stephens & Co. reiterated coverage of Credit Acceptance with a rating of Equal-Weight and set a new price target of $519.00 from $470.00 previously
Credit Suisse reiterated coverage of Credit Acceptance with a rating of Underperform and set a new price target of $360.00 from $330.00 previously
Credit Suisse reiterated coverage of Credit Acceptance with a rating of Underperform and set a new price target of $330.00 from $310.00 previously
BMO Capital reiterated coverage of Credit Acceptance with a rating of Market Perform and set a new price target of $399.00 from $377.00 previously
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Southfield, Michigan, Oct. 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 third quarter 2025 earnings on Thursday, October 30, 2025, after the market closes. A webcast is scheduled for Thursday, October 30, 2025, at 5:00 p.m. Eastern Time to discuss third quarter 2025 earnings. Conference Call and Webcast Information:Date: Thursday, October 30, 2025Time: 5:00 p.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participat
Southfield, Michigan, July 24, 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 second quarter 2025 earnings on Thursday, July 31, 2025, after the market closes. A webcast is scheduled for Thursday, July 31, 2025, at 5:00 p.m. Eastern Time to discuss second quarter 2025 earnings. Conference Call and Webcast Information:Date: Thursday, July 31, 2025Time: 5:00 p.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participate by te
Southfield, Michigan, April 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 first quarter 2025 earnings on Wednesday, April 30, 2025, after the market closes. A webcast is scheduled for Wednesday, April 30, 2025, at 5:00 p.m. Eastern Time to discuss first quarter 2025 earnings. Conference Call and Webcast Information:Date: Wednesday, April 30, 2025Time: 5:00 p.m. Eastern TimeTelephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participate by tel
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. Conference Call and Webcast Information:Date: Thursday, January 30, 2025Time: 5:00 p.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To particip
Southfield, Michigan, Oct. 23, 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 third quarter 2024 earnings on Wednesday, October 30, 2024, after the market closes. A webcast is scheduled for Thursday, October 31, 2024, at 8:30 a.m. Eastern Time to discuss third quarter 2024 earnings. Conference Call and Webcast Information:Date: Thursday, October 31, 2024Time: 8:30 a.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To par
Southfield, Michigan , July 26, 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 second quarter 2024 results on Wednesday, July 31, 2024, after the market closes. A webcast is scheduled for Wednesday, July 31, 2024, at 5:00 p.m. Eastern Time to discuss second quarter 2024 results. Conference Call and Webcast Information:Date: Wednesday, July 31, 2024Time: 5:00 p.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participa
Southfield, Michigan, April 23, 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 first quarter 2024 earnings on Tuesday, April 30, 2024, after the market closes. A webcast is scheduled for Tuesday, April 30, 2024, at 5:00 p.m. Eastern Time to discuss first quarter 2024 earnings. Conference Call and Webcast Information:Date: Tuesday, April 30, 2024Time: 5:00 p.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participate by tel
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. Conference Call and Webcast Information:Date: Wednesday, January 31, 2024Time: 5:00 p.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To parti
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. Conference Call and Webcast Information:Date: Monday, October 30, 2023Time: 5:00 p.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participate by t
Southfield, Michigan, July 25, 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 second quarter 2023 earnings on Tuesday, August 1, 2023, after the market closes. A webcast is scheduled for Tuesday, August 1, 2023, at 5:00 p.m. Eastern Time to discuss second quarter 2023 earnings. Conference Call and Webcast Information:Date: Tuesday, August 1, 2023Time: 5:00 p.m. Eastern Time Telephone Access: Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participat
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Southfield, Michigan, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced that Kenneth S. Booth, Chief Executive Officer and President and a member of the Company's Board of Directors, will retire as of January 31, 2026. Mr. Booth will remain a member of the Company's Board of Directors. The Board of Directors has unanimously elected and appointed Vinayak R. Hegde as the Company's next Chief Executive Officer and President, effective November 13, 2025. As of this date, Mr. Booth will transition to Executive Board Member. Mr. Hegde currently serves on the Company's Board of D
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. Tom Tryforos, the Company's Lead Director, said "I think I speak for all at Credit Acceptance in saying that
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