Credit Acceptance Corporation
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Vinayak R. Hegde
- Full Time Employees
- 2,314
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- 25505 West Twelve Mile Road Southfield MI United States 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.
Company News
Credit Acceptance ALERT: Securities Fraud Investigation by Block & Leviton Could Allow Investors to Recover Losses
CREDIT ACCEPTANCE CORPORATION INVESTIGATION: CACC Securities Investors Encouraged to Contact Kirby McInerney LLP About Their Rights
CACC INVESTOR ALERT: Investigation of Credit Acceptance Corporation Announced by Holzer & Holzer, LLC
Credit Acceptance Sinks 19.3% Post Q3 Earnings: What's Hurting CACC?
Did You Lose Money on Credit Acceptance Corporation Stock? The Law Offices of Howard G.
Lost Money on Credit Acceptance Corporation Stock? Glancy Prongay Wolke & Rotter LLP Investigates Possible Securities Fraud After 19.40% Share Price Drop
Lost Money on Credit Acceptance Corporation Shares? The Law Offices of Frank R.
CACC ALERT: Credit Acceptance Investigated for Securities Fraud by Block & Leviton; Investors with Losses Should Contact the Firm
Credit Acceptance Corporation (CACC) Q3 2026 Earnings Call Transcript
Credit Acceptance Q3 Earnings Call Highlights
Credit Acceptance Announces Third Quarter 2026 Results
Credit Acceptance Announces Timing of Third Quarter 2026 Earnings Release and Webcast
CREDIT ACCEPTANCE CORPORATION INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Credit Acceptance Corporation's Directors and Officers for Breach of Fiduciary Duties – CACC
Fortune Media and Great Place To Work® Name Credit Acceptance to 2026 Best Workplaces in Financial Services™ List for the 12th Consecutive Year
CREDIT ACCEPTANCE CORPORATION INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Credit Acceptance Corporation's Directors and Officers for Breach of Fiduciary Duties – CACC
Credit Acceptance Announces Shannon Wilson as Chief Human Resources Officer
What's Next for CACC After Its Multistate Lending Settlement?
Credit Acceptance Reaches Resolution With State Attorneys General
Credit Acceptance Corporation $CACC Shares Sold by Engineers Gate Manager LP
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility and Extension of $500.0 Million Asset-Backed Financing