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Credit Acceptance Corp.
Previous close
$501.16
Day range
$503.41 - $511.33
Year range
$379.77 - $616.66
Market cap
6.13B USD
Avg Volume
64.82K
P/E ratio
25.96
Dividend yield
-
Primary exchange
NASDAQ
Market news
Financials
Income Statement
Revenue
Net income
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Revenue | 229.50M | -12.40% |
Operating expense | 126.10M | 7.50% |
Net income | 64.30M | -35.38% |
Net profit margin | 28.02 | -26.22% |
Earnings per share | 9.28 | -4.43% |
EBITDA | — | — |
Effective tax rate | 25.58% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 8.40M | 3.70% |
Total assets | 8.10B | 13.17% |
Total liabilities | 6.44B | 18.66% |
Total equity | 1.65B | — |
Shares outstanding | 12.11M | — |
Price to book | 3.71 | — |
Return on assets | 3.27% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
| (USD) | Mar 2024info | Y/Y change |
|---|---|---|
Net income | 64.30M | -35.38% |
Cash from operations | 310.00M | 4.55% |
Cash from investing | -583.90M | -69.64% |
Cash from financing | 370.60M | 213.80% |
Net change in cash | 96.70M | 37.36% |
Free cash flow | — | — |
About
Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs. The company operates two programs: the "Portfolio Program" and the "Purchase Program". Through these programs, the company can advance money to automobile dealers in exchange for the right to service the underlying consumer loans and can buy the consumer loans from automobile dealers. Credit Acceptance reported annual revenue of $1.49B for 2019. Wikipedia
Founded
1972
Headquarters
Website
Employees
2,232
