Credit Acceptance delivers automotive financing solutions, providing subprime auto loans and working with dealerships to offer credit to customers with varied credit profiles. Established in 1972 ...
Credit Acceptance (CACC) delivered earnings and revenue surprises of 79.77% and 0.62%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?
Credit Acceptance shares have increased 9.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $514.06, a decline of slightly more than 7% in the last 12 months.
Called collateral from various series increased to 6.0%, from 4.0%, while weighted average seasoning increased to 3.15 months from 2.82 months.