CACC Credit Acceptance Corporation

Credit Acceptance Announces Timing of Third Quarter 2024 Earnings Release and Webcast

Credit Acceptance Announces Timing of Third Quarter 2024 Earnings Release and Webcast

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, 2024

Time: 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 participate by telephone, you must pre-register using the following link:

or through the link posted on the “Investor Relations” section of our website at . Upon registering you will be provided with the dial-in number and a unique PIN to access the webcast by telephone.

Webcast Access:

The webcast can also be accessed live by visiting the “Investor Relations” section of our website at .

Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website.

Description of Credit Acceptance Corporation

We make vehicle ownership possible by providing innovative financing solutions 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 .



Investor Relations: Douglas W. Busk
Chief Treasury Officer
(248) 353-2700 Ext. 4432
 
EN
23/10/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Credit Acceptance Corporation

 PRESS RELEASE

Credit Acceptance Announces Conditional Notice of Redemption for Outst...

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,...

 PRESS RELEASE

Credit Acceptance Announces Pricing of $500.0 Million Senior Notes Off...

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 previou...

Moody's Ratings assigns Ba3 rating to Credit Acceptance's senior unsec...

Moody's Ratings (Moody's) has assigned a Ba3 rating to Credit Acceptance Corporation's (CAC) proposed $400 million senior unsecured notes due 2030. The proceeds of the issuance will be used primarily to repay the firm's outstanding $400 million senior unsecured notes due in 2026. RATINGS RATIONA...

 PRESS RELEASE

Credit Acceptance Announces $400.0 Million Senior Notes Offering

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 term...

 PRESS RELEASE

Credit Acceptance Announces Fourth Quarter and Full Year 2024 Results

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...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch