Trade Credit Acceptance - CACC CFD
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Spread | 1.45 | ||||||||
Long position overnight fee
Long position overnight fee
Go to platform | -0.026151% | ||||||||
Short position overnight fee
Short position overnight fee
Go to platform | 0.003929% | ||||||||
Overnight fee time | 21:00 (UTC) | ||||||||
Min traded quantity | 1 | ||||||||
Currency | USD | ||||||||
Margin | 5% | ||||||||
Stock exchange | United States of America | ||||||||
Commission on trade | 0% |
*Information provided by Capital.com
Credit Acceptance Corp ESG Risk Ratings
‘B’ score indicates good relative ESG performance and above average degree of transparency in reporting material ESG data publicly.
Prev. Close* | 433.59 |
Open* | 431.95 |
1-Year Change* | -5.58% |
Day's Range* | 427.19 - 433.43 |
52 wk Range | 358.00-576.05 |
Average Volume (10 days) | 68.04K |
Average Volume (3 months) | 1.41M |
Market Cap | 6.21B |
P/E Ratio | 19.09 |
Shares Outstanding | 12.82M |
Revenue | 1.85B |
EPS | 25.38 |
Dividend (Yield %) | N/A |
Beta | 1.33 |
Next Earnings Date | Oct 30, 2023 |
All data is provided by Refinitiv, except for data marked with an asterisk, which is *data provided by Capital.com
- Last Week
- Last Month
- Last Year
- Last two Years
- Max
- Daily
- Weekly
- Monthly
Date | Close | Change | Change (%) | Open | High | Low |
---|---|---|---|---|---|---|
Oct 3, 2023 | 433.59 | -13.74 | -3.07% | 447.33 | 452.68 | 431.64 |
Oct 2, 2023 | 455.93 | -4.16 | -0.90% | 460.09 | 463.21 | 449.17 |
Sep 29, 2023 | 459.18 | -11.78 | -2.50% | 470.96 | 472.26 | 458.42 |
Sep 28, 2023 | 466.69 | -3.41 | -0.73% | 470.10 | 476.63 | 460.03 |
Sep 27, 2023 | 476.20 | 10.58 | 2.27% | 465.62 | 477.72 | 465.62 |
Sep 26, 2023 | 465.58 | 0.63 | 0.14% | 464.95 | 468.75 | 456.82 |
Sep 25, 2023 | 469.43 | 4.48 | 0.96% | 464.95 | 472.20 | 463.20 |
Sep 22, 2023 | 469.87 | -0.24 | -0.05% | 470.11 | 476.53 | 468.60 |
Sep 21, 2023 | 473.24 | -6.71 | -1.40% | 479.95 | 480.36 | 473.17 |
Sep 20, 2023 | 483.68 | -2.43 | -0.50% | 486.11 | 491.72 | 481.32 |
Sep 19, 2023 | 487.06 | -4.89 | -0.99% | 491.95 | 494.53 | 486.85 |
Sep 18, 2023 | 492.36 | -11.76 | -2.33% | 504.12 | 504.12 | 491.95 |
Sep 15, 2023 | 503.76 | -2.34 | -0.46% | 506.10 | 512.44 | 502.63 |
Sep 14, 2023 | 509.17 | 11.06 | 2.22% | 498.11 | 513.53 | 498.11 |
Sep 13, 2023 | 505.03 | 14.93 | 3.05% | 490.10 | 505.99 | 490.10 |
Sep 12, 2023 | 498.89 | 16.79 | 3.48% | 482.10 | 500.65 | 482.10 |
Sep 11, 2023 | 488.18 | 7.93 | 1.65% | 480.25 | 493.23 | 480.25 |
Sep 8, 2023 | 485.03 | 0.86 | 0.18% | 484.17 | 487.72 | 479.72 |
Sep 7, 2023 | 484.20 | -6.48 | -1.32% | 490.68 | 493.04 | 483.39 |
Sep 6, 2023 | 498.88 | 5.01 | 1.01% | 493.87 | 502.74 | 491.88 |
Credit Acceptance Events
Time (UTC) | Country | Event |
---|---|---|
Monday, October 30, 2023 | ||
Time (UTC) 10:59 | Country US
| Event Q3 2023 Credit Acceptance Corp Earnings Release Q3 2023 Credit Acceptance Corp Earnings ReleaseForecast -Previous - |
Monday, January 29, 2024 | ||
Time (UTC) 10:59 | Country US
| Event Q4 2023 Credit Acceptance Corp Earnings Release Q4 2023 Credit Acceptance Corp Earnings ReleaseForecast -Previous - |
- Annual
- Quarterly
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
Total revenue | 1832.4 | 1856 | 1669.3 | 1489 | 1285.8 |
Revenue | 1832.4 | 1856 | 1669.3 | 1489 | 1285.8 |
Total Operating Expense | 954.1 | 430.9 | 927.8 | 436.9 | 374.1 |
Selling/General/Admin. Expenses, Total | 426.3 | 383.7 | 325.6 | 328.6 | 291.2 |
Unusual Expense (Income) | 0 | 0 | 45.7 | 1.8 | |
Other Operating Expenses, Total | 527.8 | 47.2 | 556.5 | 106.5 | 82.9 |
Operating Income | 878.3 | 1425.1 | 741.5 | 1052.1 | 911.7 |
Interest Income (Expense), Net Non-Operating | -166.6 | -164.2 | -192 | -196.2 | -156.6 |
Net Income Before Taxes | 711.7 | 1260.9 | 549.5 | 855.9 | 755.1 |
Net Income After Taxes | 535.8 | 958.3 | 421 | 656.1 | 574 |
Net Income Before Extra. Items | 535.8 | 958.3 | 421 | 656.1 | 574 |
Net Income | 535.8 | 958.3 | 421 | 656.1 | 574 |
Income Available to Common Excl. Extra. Items | 535.8 | 958.3 | 421 | 656.1 | 574 |
Income Available to Common Incl. Extra. Items | 535.8 | 958.3 | 421 | 656.1 | 574 |
Diluted Net Income | 535.8 | 958.3 | 421 | 656.1 | 574 |
Diluted Weighted Average Shares | 13.6251 | 16.1005 | 17.9358 | 18.9766 | 19.5323 |
Diluted EPS Excluding Extraordinary Items | 39.3245 | 59.5197 | 23.4726 | 34.5742 | 29.3872 |
Dividends per Share - Common Stock Primary Issue | |||||
Diluted Normalized EPS | 39.3245 | 59.5197 | 25.4248 | 34.6469 | 29.3872 |
Total Extraordinary Items |
Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | |
---|---|---|---|---|---|
Total revenue | 477.9 | 453.8 | 459 | 460.3 | 457.4 |
Revenue | 477.9 | 453.8 | 459 | 460.3 | 457.4 |
Total Operating Expense | 387.2 | 272.6 | 246.6 | 296.4 | 276.4 |
Selling/General/Admin. Expenses, Total | 117 | 117.3 | 103.9 | 103.2 | 116.7 |
Unusual Expense (Income) | 0 | ||||
Other Operating Expenses, Total | 270.2 | 155.3 | 142.7 | 193.2 | 159.7 |
Operating Income | 90.7 | 181.2 | 212.4 | 163.9 | 181 |
Interest Income (Expense), Net Non-Operating | -62.8 | -54.4 | -49.4 | -41.8 | -38.9 |
Net Income Before Taxes | 27.9 | 126.8 | 163 | 122.1 | 142.1 |
Net Income After Taxes | 22.2 | 99.5 | 127.3 | 86.8 | 107.4 |
Net Income Before Extra. Items | 22.2 | 99.5 | 127.3 | 86.8 | 107.4 |
Net Income | 22.2 | 99.5 | 127.3 | 86.8 | 107.4 |
Income Available to Common Excl. Extra. Items | 22.2 | 99.5 | 127.3 | 86.8 | 107.4 |
Income Available to Common Incl. Extra. Items | 22.2 | 99.5 | 127.3 | 86.8 | 107.4 |
Diluted Net Income | 22.2 | 99.5 | 127.3 | 86.8 | 107.4 |
Diluted Weighted Average Shares | 13.1 | 13.0733 | 13.2867 | 13.3642 | 13.518 |
Diluted EPS Excluding Extraordinary Items | 1.69466 | 7.61092 | 9.581 | 6.49498 | 7.94497 |
Dividends per Share - Common Stock Primary Issue | 0 | 0 | 0 | 0 | |
Diluted Normalized EPS | 1.69466 | 7.61092 | 9.581 | 6.49498 | 7.94497 |
- Annual
- Quarterly
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
Cash and Short Term Investments | 7.7 | 23.3 | 16 | 187.4 | 25.7 |
Cash & Equivalents | 7.7 | 23.3 | 16 | 187.4 | 25.7 |
Total Receivables, Net | 8.7 | 109.2 | 147 | 66.2 | 7.9 |
Total Assets | 6904.7 | 7050.9 | 7489 | 7423.2 | 6237.4 |
Property/Plant/Equipment, Total - Net | 51.4 | 57.3 | 59.4 | 62.4 | 40.2 |
Property/Plant/Equipment, Total - Gross | 111.9 | 112.6 | 109 | 107.5 | 79.2 |
Accumulated Depreciation, Total | -60.5 | -55.3 | -49.6 | -45.1 | -39 |
Note Receivable - Long Term | 6297.7 | 6336.3 | 6787.9 | 6685.2 | 5763.3 |
Other Long Term Assets, Total | 482.3 | 473 | 446.3 | 389.6 | 362.2 |
Other Assets, Total | 56.9 | 51.8 | 32.4 | 32.4 | 38.1 |
Payable/Accrued | 259.5 | 174.5 | 185.2 | 203.6 | 186.4 |
Notes Payable/Short Term Debt | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities, Total | 2.5 | 0.2 | 0.2 | 0.2 | 2.5 |
Total Liabilities | 5280.7 | 5226.7 | 5186.5 | 5067.9 | 4246.5 |
Total Long Term Debt | 4590.7 | 4616.3 | 4608.6 | 4538.8 | 3820.9 |
Long Term Debt | 4590.7 | 4616.3 | 4608.6 | 4538.8 | 3820.9 |
Deferred Income Tax | 426.7 | 435.2 | 391 | 322.5 | 236.7 |
Total Equity | 1624 | 1824.2 | 2302.5 | 2355.3 | 1990.9 |
Redeemable Preferred Stock | 0 | 0 | 0 | 0 | 0 |
Common Stock | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 |
Additional Paid-In Capital | 245.7 | 197.2 | 161.9 | 157.7 | 154.9 |
Retained Earnings (Accumulated Deficit) | 1381.1 | 1626.7 | 2138.8 | 2196.6 | 1836.1 |
Other Equity, Total | -2.9 | 0.2 | 1.6 | 0.8 | -0.3 |
Total Liabilities & Shareholders’ Equity | 6904.7 | 7050.9 | 7489 | 7423.2 | 6237.4 |
Total Common Shares Outstanding | 12.7569 | 14.1459 | 17.0924 | 18.3528 | 18.9726 |
Accrued Expenses | 1.3 | 0.5 | 1.5 | 2.8 |
Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | |
---|---|---|---|---|---|
Cash and Short Term Investments | 8.1 | 7.7 | 10.7 | 4.1 | 17.6 |
Cash & Equivalents | 8.1 | 7.7 | 10.7 | 4.1 | 17.6 |
Total Receivables, Net | 11 | 8.7 | 29 | 52.2 | 52.9 |
Total Assets | 7154.9 | 6904.7 | 6892.4 | 6978.5 | 7038.3 |
Property/Plant/Equipment, Total - Net | 50.1 | 51.4 | 52.4 | 53.7 | 56.7 |
Note Receivable - Long Term | 6500.3 | 6297.7 | 6311.6 | 6323.7 | 6327.2 |
Other Long Term Assets, Total | 556.4 | 482.3 | 452.7 | 492.7 | 543.5 |
Other Assets, Total | 29 | 56.9 | 36 | 52.1 | 40.4 |
Payable/Accrued | 257.3 | 259.5 | 239 | 225.6 | 224.5 |
Notes Payable/Short Term Debt | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities, Total | 2.3 | 2.5 | 0.2 | 0.2 | 0.2 |
Total Liabilities | 5431.5 | 5280.7 | 5303.2 | 5458.4 | 5409.5 |
Total Long Term Debt | 4720.7 | 4590.7 | 4625.9 | 4792.2 | 4739 |
Long Term Debt | 4720.7 | 4590.7 | 4625.9 | 4792.2 | 4739 |
Deferred Income Tax | 451.2 | 426.7 | 438.1 | 440.4 | 445.8 |
Total Equity | 1723.4 | 1624 | 1589.2 | 1520.1 | 1628.8 |
Redeemable Preferred Stock | 0 | 0 | 0 | 0 | 0 |
Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Additional Paid-In Capital | 252.1 | 245.7 | 235.8 | 225.8 | 211.5 |
Retained Earnings (Accumulated Deficit) | 1473.3 | 1381.1 | 1356.7 | 1296.4 | 1418.7 |
Other Equity, Total | -2.1 | -2.9 | -3.4 | -2.2 | -1.5 |
Total Liabilities & Shareholders’ Equity | 7154.9 | 6904.7 | 6892.4 | 6978.5 | 7038.3 |
Total Common Shares Outstanding | 12.8369 | 12.7569 | 12.9247 | 12.9755 | 13.3638 |
Accrued Expenses | 1.3 |
- Annual
- Quarterly
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
Net income/Starting Line | 535.8 | 958.3 | 421 | 656.1 | 574 |
Cash From Operating Activities | 1238.7 | 1069.4 | 985.2 | 812.3 | 703.9 |
Cash From Operating Activities | 9 | 9.7 | 8.8 | 7.3 | 5.4 |
Amortization | 16.6 | 16.6 | 15 | 15.1 | 14.1 |
Deferred Taxes | -7.7 | 44.7 | 68.3 | 85.5 | 49.3 |
Non-Cash Items | 518.2 | 32.8 | 569.8 | 85.6 | 67 |
Cash Taxes Paid | 72.7 | 213.2 | 141.5 | 172.4 | 168.8 |
Cash Interest Paid | 147.3 | 149.4 | 191.6 | 175.6 | 141 |
Changes in Working Capital | 166.8 | 7.3 | -97.7 | -37.3 | -5.9 |
Cash From Investing Activities | -460.6 | 437.3 | -673.5 | -1024.2 | -1238.3 |
Capital Expenditures | -3.1 | -7.6 | -8.5 | -26.8 | -25.1 |
Other Investing Cash Flow Items, Total | -457.5 | 444.9 | -665 | -997.4 | -1213.2 |
Cash From Financing Activities | -794.6 | -1468.7 | -433.2 | 400.3 | 599.9 |
Financing Cash Flow Items | 3.8 | -17.2 | -19.5 | -26.1 | -20.7 |
Issuance (Retirement) of Stock, Net | -769.4 | -1460 | -480.8 | -300.4 | -129.1 |
Issuance (Retirement) of Debt, Net | -29 | 8.5 | 67.1 | 726.8 | 749.7 |
Net Change in Cash | -16.5 | 38 | -121.5 | 188.4 | 65.5 |
Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | |
---|---|---|---|---|---|
Net income/Starting Line | 99.5 | 535.8 | 408.5 | 321.7 | 214.3 |
Cash From Operating Activities | 296.5 | 1238.7 | 951.9 | 625.6 | 376.1 |
Cash From Operating Activities | 2.2 | 9 | 6.8 | 4.6 | 2.3 |
Amortization | 4.2 | 16.6 | 12.5 | 8.5 | 4.3 |
Deferred Taxes | 24.2 | -7.7 | 3.8 | 5.7 | 11 |
Non-Cash Items | 147.6 | 518.2 | 378.1 | 189.1 | 32.5 |
Cash Taxes Paid | -3.4 | 72.7 | 50 | 37.9 | -0.6 |
Cash Interest Paid | 50.6 | 147.3 | 105.1 | 66.8 | 33.6 |
Changes in Working Capital | 18.8 | 166.8 | 142.2 | 96 | 111.7 |
Cash From Investing Activities | -344.2 | -460.6 | -339.1 | -166.4 | -18.5 |
Capital Expenditures | -0.9 | -3.1 | -1.9 | -1 | -1.7 |
Other Investing Cash Flow Items, Total | -343.3 | -457.5 | -337.2 | -165.4 | -16.8 |
Cash From Financing Activities | 118.1 | -794.6 | -651.6 | -462.6 | -293.1 |
Financing Cash Flow Items | -0.8 | 3.8 | 10 | 5 | 4 |
Issuance (Retirement) of Stock, Net | -10.8 | -769.4 | -666.8 | -641.6 | -417.1 |
Issuance (Retirement) of Debt, Net | 129.7 | -29 | 5.2 | 174 | 120 |
Net Change in Cash | 70.4 | -16.5 | -38.8 | -3.4 | 64.5 |
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Credit Acceptance Company profile
About Credit Acceptance Corp.
Credit Acceptance Corporation is engaged in offering financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a network of automobile dealers. The Company offers two financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers, which is referred to as dealer loan in exchange for the right to service the underlying consumer Loans. Under the Purchase Program, the Company buys the consumer loans from the dealers, which is referred to as a purchased loan and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Credit Acceptance Corp. revenues increased 11% to $1.86B. Net income increased from $421M to $958.3M. Revenues reflect Finance Charges Revenue increase of 12% to $1.74B, Other income increase of 7% to $53.1M, Premiums Earned increase of 5% to $60.3M. Net income benefited from Interest decrease of 14% to $164.2M (expense), Loss on extinguishment of debt decrease from $7.4M (expense) to
Equity composition
Common Stock. $.01 Par, 04/11, 80M auth., 25,591,344 issd. Insiders & strategic holders own 59.41%. IPO 6/92, 2M shs.@$13 by William Blair & Co. PO 10/95, 6.325M shares @ $24.50 by William Blair & Co. FY'03-04 Qs are being reclassified. 7/05, Co. delisted from Nasdaq to Pink Sheets. 04/06, Exchange changed from OTC to NASDAQ.
Industry: | Consumer Leasing |
25505 W 12 Mile Rd
SOUTHFIELD
MICHIGAN 48034-1846
US
Income Statement
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