Credit Acceptance Announces Timing of First Quarter 2020 Results and Webcast
Credit Acceptance Corporation (CACC) announced it will release its first quarter 2020 results on May 27, 2020, after market close.
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Rhea-AI Summary
Credit Acceptance Corporation (CACC) announced it will release its first quarter 2020 results on May 27, 2020, after market close. A subsequent webcast is scheduled for the same day at 5:00 p.m. ET, available via their Investor Relations section. Founded in 1972, Credit Acceptance enables automobile dealers to offer financing to consumers with varying credit histories, allowing them access to vehicles they might not otherwise afford. The company also helps improve consumers' credit scores through its reporting to credit agencies.
Positive
- Anticipation of first quarter 2020 results may enhance investor interest.
- Webcast provides direct insight into financial performance.
Negative
- None.
Details
News Market Reaction – CACC
The recorded move for CACC in the trading session of this news was -1.58%.
Data tracked by StockTitan Argus. Session date unavailable.
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Southfield, Michigan, May 21, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our first quarter 2020 results on Wednesday, May 27, 2020, after the market closes.
A webcast is scheduled for Wednesday, May 27, 2020, at 5:00 p.m. Eastern Time to discuss first quarter 2020 results. The webcast can be accessed live by visiting the “Investor Relations” section of our website at ir.creditacceptance.com or by dialing 877-303-2904. Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website.
Description of Credit Acceptance Corporation
Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.
Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com.
Investor Relations: Douglas W. Busk Senior Vice President and Treasurer (248) 353-2700 Ext. 4432 IR@creditacceptance.com
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