CACC - Credit Acceptance Corporation
Credit Acceptance (CACC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Credit Acceptance Q1 earnings beat estimates as revenues rise y/y and credit loss provisions fell, though higher operating expenses partly offset gains.
Credit Acceptance Corporation (CACC) Q1 2026 Earnings Call Transcript
Southfield, Michigan, May 05, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $135.8 million, or $12.40 per diluted share, for the three months ended March 31, 2026. Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2026 was $117.3 million, or $10.71 per diluted share. The following table summarizes our financial results:
Southfield, Michigan, May 05, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $450.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $562.6 million to a wholly owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:
On April 29, 2026, Credit Acceptance Corp (CACC) shares fell 3.1%, bringing the current price to $500.62. This decline comes amid a 52-week price range of $401.
Southfield, Michigan, April 28, 2026 (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 2026 earnings on Tuesday, May 5, 2026, after the market closes. A webcast is scheduled for Tuesday, May 5, 2026, at 5:00 p.m. Eastern Time to discuss first quarter 2026 earnings.
Southfield, Michigan, April 27, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that Robert Bourrier has joined the Company as Chief Sales Officer.
On April 21, 2026, Credit Acceptance Corp (CACC) shares fell 3.9% today, closing at $521.23. This movement is notable within the context of the stock's performa
On April 17, 2026, Credit Acceptance Corp (CACC) shares rose 6.8% to a current price of $527.56. The stock has experienced a notable increase over the past mont
Southfield, Michigan, April 09, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a 2026 USA Today Top Workplaces award winner for the sixth consecutive year. We made it into the Top 10 again this year, with a #4 ranking in the 1,000-2,499-employee size category.
While subdued asset quality and macro uncertainty are concerns, lower rates and easier lending criteria are expected to boost the Zacks Consumer Loans industry's prospects. So, firms like CACC, ENVA and ECPG are poised to gain.
Southfield, Michigan, March 19, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced that Steffen Schumann has joined the Company as Chief Business Officer, reporting to Chief Executive Officer Vinayak Hegde. In this newly created role, Schumann will help drive growth by further strengthening enterprise strategy, unit economics, and enterprise performance management systems.
Writing on X, Citron said critics have the comparison to goeasy completely backwards.
Alfreton Capital LLP reduced its holdings in Credit Acceptance Corporation (NASDAQ: CACC) by 30.4% in the undefined quarter, according to the company in its most recent filing with the SEC. The firm owned 130,000 shares of the credit services provider's stock after selling 56,826 shares during the quarter. Credit Acceptance makes up about
Y Intercept Hong Kong Ltd trimmed its stake in Credit Acceptance Corporation (NASDAQ: CACC) by 84.9% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,361 shares of the credit services provider's stock after selling 7,667 shares during the period.
Credit Acceptance (NASDAQ: CACC) executives used the company's fourth-quarter 2025 earnings call to highlight leadership priorities under new CEO Vinayak Hegde and to discuss operating trends that included improving loan volume comparisons, modestly weaker credit performance in recent vintages, and continued investment in technology and servicing. New CEO outlines priorities and operating approach Hegde, speaking on
Credit Acceptance shares climb after Q4 earnings beat, as revenue gains offset higher expenses and provisions.
Credit Acceptance Corporation (CACC) Q4 2025 Earnings Call Transcript
Credit Acceptance (CACC) came out with quarterly earnings of $11.35 per share, beating the Zacks Consensus Estimate of $10.3 per share. This compares to earnings of $12.26 per share a year ago.