Credit Acceptance Corporation (CACC) News
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CACC News Highlights
- For CACC, its 30 day story count is now at 7.
- Over the past 7 days, the trend for CACC's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- LOAN, MAR and IR are the most mentioned tickers in articles about CACC.
Latest CACC News From Around the Web
Below are the latest news stories about Credit Acceptance Corp that investors may wish to consider to help them evaluate CACC as an investment opportunity.
Credit Acceptance (CACC) witnesses a rise in revenues and higher expenses in the first quarter of 2021.
A webcast and transcript of today's earnings call will be made available on Credit Acceptance's website. At this time, I would like to turn the call over to Credit Acceptance Chief Treasury Officer, Doug Busk.
Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q1 2021 Results - Earnings Call Transcript
Credit Acceptance Corporation (CACC) Q1 2021 Earnings Conference Call April 29, 2021 05:00 PM ET Company Participants Doug Busk - Chief Treasury Officer Brett Roberts - Chief Executive Officer Ken Booth - Chief Financial Officer Conference Call Participants Moshe Orenbuch - Credit Suisse Randy Heck - Goodnow Investment Rob Wildhack...
Credit Acceptance (CACC) delivered earnings and revenue surprises of 40.05% and 5.40%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Southfield, Michigan, April 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $202.1 million, or $11.82 per diluted share, for the three months ended March 31, 2021 compared to a consolidated net loss of $83.8 million, or $4.61 per diluted share, for the same period in 2020. Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2021 was $164.8 million, or $9.64 per diluted share, compared to $175.7 million, or $9.66 per diluted share, for the same period in 2020. On April 27, 2021, the Company and the Commonwealth of Massachusetts reached an agreement in principle to settle pending litigation. As a result, we recog...
Credit Acceptance Announces Retirement of Brett A. Roberts as CEO and Director; Appointment of Kenneth S. Booth as Successor; and Election of Vinayak R. Hegde to the Board of Directors
Southfield, Michigan, April 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced that Brett A. Roberts, the Company’s Chief Executive Officer and President and a member of the Company’s Board of Directors, will retire at the close of business on May 3, 2021. The Board of Directors has unanimously elected and appointed the Company’s Chief Financial Officer, Kenneth S. Booth, as the Company’s new Chief Executive Officer and President and as a director, effective May 3, 2021. Tom Tryforos, the Company’s Lead Director, said “I think I speak for all at Credit Acceptance in saying that Brett’s decision to retire came way too soon, but we are extremely grateful for his nearly 30-year ...
Southfield, Michigan, April 23, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our first quarter 2021 earnings on Thursday, April 29, 2021, after the market closes. A webcast is scheduled for Thursday, April 29, 2021, at 5:00 p.m. Eastern Time to discuss first quarter earnings. The webcast can be accessed live by visiting the “Investor Relations” section of our website at ir.creditacceptance.com or by dialing 877-303-2904. Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website. Description of Credit Acceptance Corporation Since 1972, Credit Acceptance has offered fina...
Vulcan Value Partners, an investment management firm, published its “Large Cap, Small Cap, Focus Composite, Focus Plus Composite, and All Cap” fourth quarter 2020 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap, Small Cap and All Cap strategies beat both their primary and secondary benchmarks, while Focus and Focus Plus […]
Credit Acceptance Named to the 2021 Best Workplaces in Financial Services & Insurance List for the Seventh Year in a Row
Southfield, Michigan, March 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has earned an award based on a ranking released by Great Place to Work® and Fortune. Credit Acceptance was named to the 2021 Best Workplaces in Financial Services & Insurance list for the seventh year in a row. We were named #21 among the country’s Best Workplaces in Financial Services & Insurance for the large company category. Credit Acceptance earned this ranking based on team members’ responses to questions describing the extent to which we create a Great Place to Work For AllTM. This includes what team members say about their experiences with our workplace no matter who they are or what they do, as well as an...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC
NEW YORK, NY / ACCESSWIRE / March 25, 2021 / Pomerantz LLP is investigating claims on behalf of investors of Credit Acceptance Corporation ("Credit Acceptance" or the "Company") (NASDAQ:CACC). Such investors are advised to contact Robert S.