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Credit Acceptance Corp CACC Stock Quote

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NASDAQ:CACC

Morningstar‘s Stock Analysis CACC

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1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

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Key Statistics CACC

Company Profile CACC

Business Description

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 the largest source of revenue.

Contact
25505 W. Twelve Mile Road
Southfield, MI, 48034-8339
T +1 248 353-2700
Industry Credit Services
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 2,073