Credit Acceptance Corporation
NASDAQCapital Structure
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in mil. unless spec.Company Description
- 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.
Company News
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
Is the Options Market Predicting a Spike in Credit Acceptance Stock?
Bank of New York Mellon Corp Buys Shares of 30,384 Credit Acceptance Corporation $CACC
Credit Acceptance Announces Completion Of $600.0 Million Asset-Backed Financing
Bank of America Corp DE Boosts Stock Position in Credit Acceptance Corporation $CACC
Credit Acceptance Named One of PEOPLE Magazine's 100 Companies That Care® for Fifth Consecutive Year
Credit Acceptance Announces New Chief Technology Officer to Advance Digital-First, AI-Enabled Business Evolution
All You Need to Know About Credit Acceptance (CACC) Rating Upgrade to Buy
CACC Q2 Earnings Beat as Expenses & Provisions Decline, Revenues Rise
Credit Acceptance Q2 Earnings Call Highlights
Credit Acceptance Corporation (CACC) Q2 2026 Earnings Call Transcript
Credit Acceptance Announces Second Quarter 2026 Results
Credit Acceptance Announces Timing of Second Quarter 2026 Earnings Release and Webcast
Credit Acceptance Announces Timing of Second Quarter 2026 Earnings Release and Webcast
Credit Acceptance Announces Leadership Changes to Advance Digital-First Strategy
Billionaire Scion Jill Foss Watson Sells Nearly $1M in Credit Acceptance Shares. What Does This Mean for Investors Now?