Credit Acceptance Corp (CACC) Reports Decline in Q4 and Full Year 2023 Net Income [Yahoo! Finance]
Credit Acceptance Corporation (CACC)
Last credit acceptance corporation earnings: 1/30 04:02 pm
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US:NASDAQ Investor Relations:
ir.creditacceptance.com/investor-relations
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Source: Yahoo! Finance
Diluted EPS : Q4 diluted EPS fell to $7.29 from $9.58 in Q4 2022. Loan Portfolio : The average balance of the loan portfolio grew by 9.1% on a GAAP basis. Consumer Loan Assignments : Increased to 21.7% initial spread in Q4 2023 from 20.9% in Q4 2022. Cost of Debt : Average cost of debt increased due to higher interest rates on recent financings. Warning! GuruFocus has detected 9 Warning Signs with CACC. On January 31, 2024, Credit Acceptance Corp ( NASDAQ:CACC ) released its 8-K filing , announcing its financial results for the fourth quarter and full year of 2023. The company, a leading provider of automobile loans through a nationwide network of dealers, reported a decrease in net income and diluted earnings per share (EPS) for both the quarter and the full year compared to the same periods in the previous year. Despite these challenges, the company saw growth in its loan portfolio and an increase in the initial spread on Consumer Loan assignments. Performance Overview
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CACC
News
- Credit Acceptance Announces Timing of First Quarter 2024 Earnings Release and WebcastGlobeNewswire
- Credit Acceptance Celebrates 10th Year on Fortune's 100 Best Companies to Work For® List [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Celebrates 10th Year on Fortune's 100 Best Companies to Work For® ListGlobeNewswire
- Credit Acceptance Announces Completion of $500.0 Million Asset-Backed Financing [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Announces Completion of $500.0 Million Asset-Backed FinancingGlobeNewswire
CACC
Earnings
- 1/31/24 - Beat
CACC
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- CACC's page on the SEC website