Credit Accep Corp Mich Stock Price, News & Analysis

Credit Acceptance (Nasdaq: CACC) announced a CEO transition on Oct 28, 2025: Vinayak R. Hegde was appointed Chief Executive Officer and President effective November 13, 2025, and Kenneth S. Booth will retire as CEO effective January 31, 2026 and remain on the Board.

The board unanimously elected Hegde, who has four years on Credit Acceptance's board and prior senior roles at T‑Mobile, Wheels Up Experience, Airbnb, Groupon, and 12+ years at Amazon. Booth will transition to Executive Board Member on November 13, 2025.

Credit Acceptance (Nasdaq: CACC) was named one of the 2025 Fortune Best Workplaces for Women, ranking #11 on the Top 100 Large Company list—up 18 spots from 2024. This is the seventh time the company made the list. The company reports women comprise more than half of its workforce and nearly half of its people leaders.

Credit Acceptance cites a remote-first model, an employee group called DrivHER, a sales leadership listening session for women, and Trust Index® survey results where 98% of team members agreed fairness is upheld.

Credit Acceptance (Nasdaq: CACC) announced it will release third quarter 2025 earnings after market close on Thursday, October 30, 2025. A webcast to discuss Q3 2025 results is scheduled the same day at 5:00 p.m. Eastern Time. Telephone participants must pre-register to obtain a dial-in number and unique PIN; only telephone participants can ask questions during the event. The live webcast, replay, and transcript will be available in the Investor Relations section at ir.creditacceptance.com.

Contact: Jay Brinkley, Senior Vice President & Treasurer, (248) 353-2700 ext. 6739, IR@creditacceptance.com.

Credit Acceptance (Nasdaq: CACC) was named to America's Top 100 Most Loved Workplaces for 2025, as featured in the Wall Street Journal, ranking 6th after climbing four spots and marking the company's second year on the list. This recognition reflects employee feedback on emotional connection, collaboration, respect, values alignment, and achievement gathered by Best Practice Institute research.

Credit Acceptance highlighted remote-first flexibility, development and recognition programs, and PRIDE values. The company cited this as its ninth workplace award in 2025, including rankings on Fortune, Top Workplaces USA, PEOPLE, and remote-work lists. More than 2.8 million U.S. employees were surveyed for the Most Loved Workplaces research.

Credit Acceptance (Nasdaq: CACC) was named a 2025 Top Workplace for Remote Work by CareerBuilder and Monster on October 7, 2025, ranking #1 in the 1,000–2,499 employee category, up one spot from 2024.

The company reported 95% of team members agree Credit Acceptance is a great place to work and cited investments in remote-friendly onboarding, collaboration tools, and virtual recognition. This award is the eighth workplace recognition in 2025, alongside rankings of #34 on Fortune’s 100 Best Companies to Work For, #2 on Top Workplaces USA, #4 in Financial Services, and #44 on PEOPLE Magazine’s 100 Companies That Care.

Credit Acceptance (NASDAQ:CACC) has announced the extension of its $200 million revolving secured warehouse facility. The facility's revolving period has been extended from September 21, 2026, to September 19, 2028. Additionally, the company secured more favorable terms with the interest rate decreasing from SOFR plus 225 basis points to SOFR plus 185 basis points.

The company currently has no outstanding balance under this facility. 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 (NASDAQ: CACC) has been named to the 2025 Fortune Best Workplaces in Financial Services & Insurance™ list for the eleventh consecutive year, ranking 10th among large companies, up 3 positions from the previous year.

The company, which provides vehicle financing solutions through a nationwide dealer network, attributes its success to a strong workplace culture featuring remote-first work options, flexible scheduling, and comprehensive benefits. CEO Ken Booth emphasized their commitment to creating an environment where team members can make meaningful impacts on dealers' and consumers' lives.

The recognition is based on Great Place To Work's analysis of survey responses from over 194,000 employees in the financial services and insurance industry, evaluating factors such as trust, fairness, and inclusivity.

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.