reports
Credit Acceptance Announces Second Quarter 2025 Results
Credit Acceptance Announces Second Quarter 2025 Results Southfield, Michigan, July 31, 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 $87.4 million, or $7.42 per diluted share, for the three months ended June 30, 2025. Adjusted net income, a non-GAAP financial measure, for the three months ended June 30, 2025 was $100.8 million, or $8.56 per diluted share. The following table summarizes our financial results: (In millions, except per share data) For t...
Credit Acceptance Announces Extension of Revolving Secured Warehouse F...
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility Southfield, Michigan, July 30, 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 $300.0 million revolving secured warehouse facility will cease to revolve from December 29, 2026 to July 30, 2028. The interest rate on borrowings under the facility has been decreased from the Secured Overnight Financing Rate (“SOFR”) plus 221.4 basis points to SOFR plus 205 basis poin...
Credit Acceptance Announces Timing of Second Quarter 2025 Earnings Rel...
Credit Acceptance Announces Timing of Second Quarter 2025 Earnings Release and Webcast 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, ...
Credit Acceptance Named 2025 Top Workplace in Financial Services
Credit Acceptance Named 2025 Top Workplace in Financial Services Southfield, Michigan, July 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 Financial Services for the second consecutive year. We ranked #4 in the 1,000+ employee size category, up five spots from last year. “Our goal is to create a workplace where team members love coming to work because they know they can make a difference,” said Ken Booth, Chief Executive Officer, Credit Acceptance. “...
Credit Acceptance Announces Extension of Revolving Secured Warehouse F...
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility Southfield, Michigan, July 11, 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 $75.0 million revolving secured warehouse facility will cease to revolve from September 30, 2026, to September 30, 2028. The interest rate on borrowings under the facility has decreased from the Secured Overnight Financing Rate (“SOFR”) plus 210 basis points to SOFR plus 185 basis point...
Credit Acceptance Announces Extension of Revolving Secured Line of Cre...
Credit Acceptance Announces Extension of Revolving Secured Line of Credit Facility Southfield, Michigan, June 24, 2025 (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 maturity of our revolving secured line of credit facility with a commercial bank syndicate from June 22, 2027 to June 22, 2028. As of June 24, 2025, we did not have a balance outstanding under the facility. There were no other material changes to the terms of the facility. Description of Cr...
Moody's Ratings affirms Credit Acceptance's Ba3 ratings; outlook stabl...
Moody's Ratings (Moody's) has affirmed Credit Acceptance Corporation's (CAC) Ba3 corporate family rating (CFR) and Ba3 senior unsecured rating. The issuer outlook remains stable. RATINGS RATIONALE CAC's ratings reflect the company's long history as a subprime auto lender, strong profitability, m...
Credit Acceptance Announces First Quarter 2025 Results
Credit Acceptance Announces First Quarter 2025 Results Southfield, Michigan, April 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 $106.3 million, or $8.66 per diluted share, for the three months ended March 31, 2025. Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2025 was $114.8 million, or $9.35 per diluted share. The following table summarizes our financial results: (In millions, except per share data) F...
Credit Acceptance Welcomes CFPB’s Withdrawal From Lawsuit
Credit Acceptance Welcomes CFPB’s Withdrawal From Lawsuit Southfield, Michigan, April 24, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that on April 24, 2025, the Consumer Financial Protection Bureau (“CFPB”) filed an unopposed motion to withdraw from the lawsuit that it initiated jointly on January 4, 2023, with the Office of the New York State Attorney General (NYAG) against Credit Acceptance in the United States District Court for the Southern District of New York. As of t...
Credit Acceptance Announces Timing of First Quarter 2025 Earnings Rele...
Credit Acceptance Announces Timing of First Quarter 2025 Earnings Release and Webcast 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 ...
Credit Acceptance Recognized with Multiple 2025 Top Workplaces Spring ...
Credit Acceptance Recognized with Multiple 2025 Top Workplaces Spring Culture Excellence Awards Southfield, Michigan, April 23, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) is proud to announce our recognition as a 2025 Spring Culture Excellence Top Workplaces award winner in the following five categories: Work-Life Flexibility, Leadership, Innovation, Purpose & Values, and Compensation & Benefits. “These awards are a reflection of what makes our culture special,” said Wendy Rummler, Chief ...
Credit Acceptance Celebrates Being Named No. 34 on Fortune’s 2025 100 ...
Credit Acceptance Celebrates Being Named No. 34 on Fortune’s 2025 100 Best Companies to Work For® List Southfield, Michigan, April 03, 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 100 Best Companies to Work For® by Great Place To Work® and Fortune magazine in 2025. We received this accolade for the eleventh time, ranking #34, up five spots from last year. "Our team thrives in an award-winning culture where they love coming to work because they know they can make ...
Credit Acceptance Announces Completion of $400.0 Million Asset-Backed ...
Credit Acceptance Announces Completion of $400.0 Million Asset-Backed Financing Southfield, Michigan, March 27, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $400.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $500.2 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 Ave...
Credit Acceptance Named 2025 Top Workplaces USA Award Winner
Credit Acceptance Named 2025 Top Workplaces USA Award Winner Southfield, Michigan, March 20, 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 Workplaces USA award winner for the fifth consecutive year. We made it into the Top 10 again this year, with a #2 ranking in the 1,000-2,499-employee size category, up 7 spots from last year. The award is due to the passion and commitment of Credit Acceptance’s 2,400+ team members and the culture they foster, which is centered ar...
Credit Acceptance Announces Closing of $500.0 Million Senior Notes Off...
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 ...
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,...
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...
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...
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...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.