reports
Credit Acceptance Announces Third Quarter 2025 Results
Credit Acceptance Announces Third Quarter 2025 Results 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...
Credit Acceptance Announces CEO Transition: Kenneth S. Booth to Retire...
Credit Acceptance Announces CEO Transition: Kenneth S. Booth to Retire as CEO; Vinayak Hegde Appointed as Next CEO 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. He...
Credit Acceptance Announces Timing of Third Quarter 2025 Earnings Rele...
Credit Acceptance Announces Timing of Third Quarter 2025 Earnings Release and Webcast 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, Octobe...
Credit Acceptance Again Named a Best Workplace for Women™ by Fortune
Credit Acceptance Again Named a Best Workplace for Women™ by Fortune 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, C...
Credit Acceptance Named to 2025 America's Top 100 Most Loved Workplace...
Credit Acceptance Named to 2025 America's Top 100 Most Loved Workplaces List Southfield, Michigan, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named to the list of America’s Top 100 Most Loved Workplaces for 2025, as featured in the Wall Street Journal. This is our second year being listed, and we ranked sixth, climbing four spots. "This recognition is meaningful because it resulted directly from the feedback of our team members,” said Ken Booth, Chief Executive Officer. ...
Credit Acceptance Named a 2025 Top Workplace for Remote Work
Credit Acceptance Named a 2025 Top Workplace for Remote Work 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 vi...
Credit Acceptance Announces Extension of Revolving Secured Warehouse F...
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility 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 basi...
Credit Acceptance Named to 2025 Fortune Best Workplaces in Financial S...
Credit Acceptance Named to 2025 Fortune Best Workplaces in Financial Services & Insurance™ List 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 to...
Credit Acceptance Named One of PEOPLE Magazine's 100 Companies that Ca...
Credit Acceptance Named One of PEOPLE Magazine's 100 Companies that Care® for Fourth Consecutive Year Southfield, Michigan, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of PEOPLE Magazine’s 100 Companies That Care® by Great Place To Work® and PEOPLE magazine for the fourth consecutive year. Credit Acceptance was ranked 44th among the 100 companies that made the list, up 15 spots from last year. “Being named a 'Company That Cares' is an incredible honor because it...
Credit Acceptance Named to 2025 Crain's Fast 50 List
Credit Acceptance Named to 2025 Crain's Fast 50 List Southfield, Michigan, Aug. 14, 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 Crain’s Fast 50 list for the ninth time. “It’s an honor to be named one of the fastest-growing companies in metro Detroit,” said Jay Martin, Chief Financial Officer, Credit Acceptance. “Our growth reflects the power of our unique approach—helping automobile dealers finance consumers regardless of credit history. Our program not only sets...
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 ...
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