SOUTHFIELD, Mich. (AP) _ Credit Acceptance Corp. (CACC) on Friday reported third-quarter earnings of $165.4 million.
On a per-share basis, the Southfield, Michigan-based company said it had net income of $8.73.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $9.13 per share.
The auto financing company posted revenue of $378.7 million in the period.
Credit Acceptance shares have increased 16% since the beginning of the year. In the final minutes of trading on Friday, shares hit $442.04, an increase of 4% in the last 12 months.