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Regional settings| Spread | 3.19 | ||||
 Long position overnight feeLong position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | -0.026179% | ||||
| Short position overnight fee Short position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | 0.003957% | ||||
| Overnight fee time | 21:00 (UTC) | ||||
| Currency | USD | ||||
| Min traded quantity | 1 | ||||
| Margin | 20 | ||||
| Stock exchange | United States of America | ||||
| Commission on trade1 | 0% |
1Our charge for executing your trade is the spread, the difference between the buy and sell price. Please consult the Charges and Fees section of our website for further information
| Prev. Close | 513.69 |
| Open | 523.55 |
| 1-Year Change | 7.16% |
| Day's Range | 512.15 - 526.55 |
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.
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
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.
