Welcome to our dedicated page for Credit Accep Mich news (Ticker: CACC), a resource for investors and traders seeking the latest updates and insights on Credit Accep Mich stock.
Credit Acceptance Corporation (NASDAQ: CACC) provides specialized financing programs enabling automobile dealers to sell vehicles to consumers across the credit spectrum. This news hub offers investors and analysts centralized access to official corporate communications and market-moving developments.
Track CACC's financial trajectory through quarterly earnings releases, SEC filings, and strategic partnership announcements. Our curated feed includes updates on loan portfolio performance, regulatory compliance matters, and innovations in auto lending practices.
Key content categories include earnings call transcripts, dealer network expansions, and credit program enhancements. Users will find detailed coverage of capital market activities and consumer financing trends impacting CACC's operations.
Bookmark this page for streamlined monitoring of CACC's corporate milestones and industry analysis. Combine our news archive with Stock Titan's financial tools for comprehensive investment decision-making.
Credit Acceptance (NASDAQ: CACC) has been recognized as one of PEOPLE Magazine's 100 Companies That Care® for the fourth consecutive year, ranking 44th on the list, up 15 positions from the previous year.
The company's achievements include providing automobile financing to underserved Americans, maintaining a remote-first workplace approach, and engaging in community service initiatives such as packing 106,000 meals for food banks and completing 263,000 miles through their Charity Miles program. This recognition marks their sixth workplace award in 2025, including ranking #34 on Fortune's 100 Best Companies to Work For® list.
The selection process involved analyzing over 1.3 million employee survey responses from companies representing more than 8.4 million employees.
Credit Acceptance (NASDAQ:CACC) has been named to the 2025 Crain's Fast 50 list for the ninth time, highlighting its position among metro Detroit's fastest-growing companies. The company reported significant growth with revenue increasing 29.5% to $2.2 billion in 2024 over a five-year period.
The recognition adds to CACC's impressive list of 2025 workplace awards, including ranking #34 on Fortune's 100 Best Companies to Work For®, #2 on Top Workplaces USA, and #4 on Top Workplaces in Financial Services. The company's success is attributed to its unique financing program that enables automobile dealers to serve customers regardless of credit history.
Credit Acceptance (Nasdaq: CACC) reported Q2 2025 consolidated net income of $87.4 million, or $7.42 per diluted share. Adjusted net income was $100.8 million, or $8.56 per diluted share, showing a decline from both Q1 2025 and Q2 2024.
Key highlights include a 6.8% increase in average loan portfolio balance to $8.0 billion, their largest ever. However, Consumer Loan assignment volumes decreased 14.6% in units and 18.8% in dollars compared to Q2 2024. The company repurchased approximately 530,000 shares, representing 4.5% of outstanding shares at the quarter's start.
The quarter saw a $55.8 million decrease in forecasted net cash flows from their loan portfolio, representing a 0.5% decline. The company also recorded a $23.4 million contingent loss related to legal matters and increased their estimated long-term effective income tax rate from 23% to 25%.
Credit Acceptance Corporation (Nasdaq: CACC) has announced the extension of its $300.0 million revolving secured warehouse facility. The facility's revolving period has been extended from December 29, 2026, to July 30, 2028. Additionally, the interest rate on borrowings has been reduced from SOFR plus 221.4 basis points to SOFR plus 205 basis points, representing a decrease of 16.4 basis points.
The company, which specializes in providing vehicle financing solutions through a nationwide network of automobile dealers, currently maintains a zero balance on this facility. Credit Acceptance enables vehicle purchases for consumers regardless of their credit history, while helping them improve their credit scores through reporting to national credit agencies.
Credit Acceptance (NASDAQ: CACC) has scheduled its second quarter 2025 earnings release for Thursday, July 31, 2025, after market close. The company will host a webcast at 5:00 p.m. Eastern Time to discuss the results.
To participate via telephone, attendees must pre-register through the provided link to receive dial-in information. The webcast will be accessible through the company's investor relations website, with a replay and transcript available afterward in the same location.
Credit Acceptance (Nasdaq: CACC) has been recognized as a 2025 Top Workplace in Financial Services, ranking #4 in the 1,000+ employee category, improving five positions from the previous year. The company has received multiple workplace awards in 2025, including ranking #34 on Fortune's 100 Best Companies to Work For® list and #2 on the Top Workplaces USA list.
The company's success is attributed to its mission of changing lives through vehicle financing, PRIDE values (Positive, Respectful, Insightful, Direct, Earnest), and commitment to remote work flexibility. Credit Acceptance provides financing solutions enabling automobile dealers to sell vehicles to consumers regardless of credit history, while helping customers improve their credit scores through reporting to national credit agencies.
Credit Acceptance Corporation (Nasdaq: CACC) has announced the extension of its $75.0 million revolving secured warehouse facility by two years, from September 30, 2026, to September 30, 2028. The company secured improved terms, including a reduction in the interest rate from SOFR plus 210 basis points to SOFR plus 185 basis points, and a decrease in the servicing fee from 6.0% to 4.0% of collections on underlying consumer loans.
The facility currently has no outstanding balance as of July 11, 2025. Credit Acceptance specializes in providing vehicle financing solutions through a nationwide network of automobile dealers, particularly serving consumers who might not qualify for traditional financing options.
Credit Acceptance Corporation (Nasdaq: CACC) has announced the extension of its revolving secured line of credit facility with a commercial bank syndicate. The maturity date has been extended by one year from June 22, 2027 to June 22, 2028. The Company reported no outstanding balance under the facility as of June 24, 2025, and there were no other material changes to the facility's terms.
Credit Acceptance specializes in providing vehicle financing solutions through a nationwide network of automobile dealers, enabling consumers with challenging credit histories to purchase vehicles while improving their credit scores.
Credit Acceptance reported Q1 2025 consolidated net income of $106.3 million ($8.66 per diluted share), with adjusted net income at $114.8 million ($9.35 per diluted share). The company achieved an 11% increase in average loan portfolio balance to $7.9 billion, marking their largest ever.
Key highlights include: a 0.2% decrease in forecasted net cash flows ($20.9 million), enrollment of 1,617 new dealers with 10,789 active dealers, and $68 million in dealer holdback payments. Consumer loan assignment volumes decreased by 10.1% in units and 15.5% in dollars compared to Q1 2024.
The company maintained strong liquidity with over $2.2 billion in unrestricted cash and available credit lines. Credit Acceptance earned recognition as a Top Workplaces USA award winner for the fifth consecutive year, ranking #2 in their size category.
Credit Acceptance (CACC) announced that the Consumer Financial Protection Bureau (CFPB) has filed a motion to withdraw from their joint lawsuit initiated on January 4, 2023, with the New York State Attorney General (NYAG). The withdrawal would leave NYAG as the sole plaintiff, limiting the case to New York consumers only.
The original lawsuit, filed in the United States District Court for the Southern District of New York, remains pending with Credit Acceptance's motion to dismiss. The company argues that the lawsuit attempts to create new law through litigation and presents legal theories conflicting with established statutes.
Credit Acceptance maintains that such legal actions negatively impact Americans by targeting companies providing financing to customers with non-prime or non-existent credit. The company has facilitated vehicle ownership for over five million people through their dealer network.
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