Credit Acceptance Corporation
NASDAQCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Vinayak R.
- Full Time Employees
- 2,314
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- 25505 West Twelve Mile Road Southfield MI United States of America 48034-8339
- IPO Date
- Jun 5, 1992
- CIK
- 0000885550
- Website
- creditacceptance.com
- Similar Companies
- Business
- Credit Acceptance Corporation (Nasdaq: CACC), founded in 1972 and headquartered in Southfield, Michigan, provides customized financing programs that enable independent and franchised automobile dealers throughout the United States to sell vehicles to consumers irrespective of their credit history; the company operates primarily through two programs, the Portfolio Program, under which it advances money to dealers in exchange for the right to service the underlying consumer loans generated in connection with those advances, and the Purchase Program, under which it purchases the consumer loans from dealers; it also offers customized loan servicing for investors and financial institutions that acquire portfolios of auto loans, managing collections, customer service, and compliance using its proprietary credit scoring model that assesses risk beyond traditional credit scores; Credit Acceptance employs approximately 2,400 people and maintains a nationwide network of over 15,000 dealer partners, targeting subprime and nonprime borrowers while reporting loan activity to national credit bureaus to help consumers rebuild credit. In November 2025, the company completed its 60th term asset-backed securitization since 1998, a $500.0 million non-recourse secured financing backed by approximately $625.2 million in consumer auto loans issued through a special purpose entity with three classes of notes (Class A at 4.50%, Class B at 4.87%, and Class C at 5.38%), featuring an expected average annualized cost of 5.1%, a 24-month revolving period followed by amortization based on loan cash flows, and proceeds used to repay higher-cost indebtedness and support general corporate purposes while retaining about $2.0 billion in unused borrowing capacity and 4.0% of related cash flows for servicing; this transaction marked its lowest-cost ABS since late 2021 and underscores ongoing reliance on securitizations for funding subprime auto lending amid a record $9.1 billion total loan portfolio as of Q3 2025; earlier milestones include a strategic shift to auto loans in 1995, technology platform implementations in 2003, record revenues in 2017, and adaptations during the COVID-19 pandemic, with recent recognitions such as ranking #34 on Fortune's 2025 100 Best Companies to Work For list and #2 in Top Workplaces USA 2025 Awards.
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