Credit Acceptance Corp (CACC) Files 10-K for the Fiscal Year Ended on December 31, 2017

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Credit Acceptance Corp (CACC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Credit Acceptance Corp is a consumer finance company that offers automobile dealers financing programs that enables them to sell vehicles to consumers regardless of their credit history. Credit Acceptance Corp has a market cap of $6.04 billion; its shares were traded at around $312.81 with a P/E ratio of 13.21 and P/S ratio of 5.81. Credit Acceptance Corp had annual average EBITDA growth of 26.00% over the past ten years. GuruFocus rated Credit Acceptance Corp the business predictability rank of 4.5-star.


For the last quarter Credit Acceptance Corp reported a revenue of $287.3 million, compared with the revenue of $256.2 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.1 billion, an increase of 14.5% from last year. For the last five years Credit Acceptance Corp had an average revenue growth rate of 12.7% a year.

The reported diluted earnings per share was $24.04 for the year, an increase of 47.4% from previous year. Over the last five years Credit Acceptance Corp had an EPS growth rate of 20.9% a year. The Credit Acceptance Corp had a decent operating margin of 52.59%, compared with the operating margin of 54.81% a year before. The 10-year historical median operating margin of Credit Acceptance Corp is 56.89%. The profitability rank of the company is 9 (out of 10).

At the end of the fiscal year, Credit Acceptance Corp has the cash and cash equivalents of $8.20 million, compared with $14.6 million in the previous year. The long term debt was $3.1 billion, compared with $2.6 billion in the previous year. The interest coverage to the debt is 4.9. Credit Acceptance Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $312.81, Credit Acceptance Corp is traded at 36.3% premium to its historical median P/S valuation band of $229.56. The P/S ratio of the stock is 5.81, while the historical median P/S ratio is 4.20. The intrinsic value of the stock is $686.09 a share, according to GuruFocus DCF Calculator. The stock gained 55.18% during the past 12 months.

Directors and Officers Recent Trades:

  • Sr. Vice President & Treasurer Douglas W Busk sold 1,000 shares of CACC stock on 02/05/2018 at the average price of $319.86. The price of the stock has decreased by 2.2% since.

For the complete 20-year historical financial data of CACC, click here.

This article first appeared on GuruFocus.


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