Credit Acceptance

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.

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Car repossessions rose in 2024 due to financial distress and potential interest rate cuts, with a 23% increase compared to last year. Lenders became more lenient during the pandemic, but higher rates have led to bigger car payments.

Car Repos Jump In The First Half Of 2024 As Fed Eyes Rate Cuts

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Credit Acceptance Corporation (NASDAQ: CACC) is well-poised for top-line growth, supported by decent demand for auto loans, along with increases in dealer enrollments and active dealers. The company&#39;s share buyback policy also seems impressive.


Auto Loan Demand Aids Credit Acceptance Amid Cost Woes

Credit Acceptance Corporation - Common Stock

Credit Acceptance Corp

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Credit Acceptance Announces Pricing of $500.0 Million Senior Notes Offering

Credit Acceptance Announces Conditional Notice of Redemption for Outstanding Senior Notes Due 2026

Credit Acceptance Announces Closing of $500.0 Million Senior Notes Offering and Completion of Redemption of Senior Notes Due 2026

Credit Acceptance Named 2025 Top Workplaces USA Award Winner

Credit Acceptance Announces Completion of $400.0 Million Asset-Backed Financing

Credit Acceptance Celebrates Being Named No. 34 on Fortune's 2025 100 Best Companies to Work For® List

Credit Acceptance Announces Timing of First Quarter 2025 Earnings Release and Webcast

Credit Acceptance Recognized with Multiple 2025 Top Workplaces Spring Culture Excellence Awards

Credit Acceptance Welcomes CFPB's Withdrawal From Lawsuit

Credit Acceptance Announces First Quarter 2025 Results

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