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Recap: Credit Acceptance Q4 Earnings

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Benzinga Insights
·1 min read
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Shares of Credit Acceptance (NASDAQ:CACC) decreased 8.77% in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 16.59% over the past year to $10.75, which beat the estimate of $7.21.

Revenue of $447,400,000 rose by 15.94% from the same period last year, which beat the estimate of $429,190,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Feb 01, 2021

View more earnings on CACC

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/zbe2oafq

Technicals

Company's 52-week high was at $539.00

Company's 52-week low was at $199.00

Price action over last quarter: Up 14.08%

Company Profile

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.

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