Trade Credit Acceptance - CACC CFD

Trading Conditions

• TypeThis financial instrument is available for trading through CFDs and Knock-outs.Knock-out options available only for selected countries.Learn more about:CFDsKnock-outs:
  CFD

  

  Knock-out

  
• Spread: 4.4
• Long position overnight funding adjustmentLong position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position-0.02237 %(-$1.12)Trade size with leverage ~ $5,000.00Money from leverage ~$4,000.00Go to platform: -0.02237%
• Short position overnight funding adjustmentShort position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position0.00015 %($0.01)Trade size with leverage ~ $5,000.00Money from leverage ~$4,000.00Go to platform: 0.00015%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: USD
• Min traded quantity: 0.01
• Margin: 20.00%
• Stock exchange: United States of America
• Commission on trade: 0%
• Guaranteed stop premiumA guaranteed stop-loss (GSL) fee is only charged if the GSL is triggered. Please consult the Charges and Fees section of our website for more details.: 1%

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.02237 %
  (-$1.12)

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: 0.00015 %
  ($0.01)

Key Stats

• Prev. Close: 574.79
• Open: 498.84
• 1-Year Change: 8.81%
• Day's Range: 456.66 - 498.84

Trade Credit Acceptance - CACC

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.