Financial Summary
Credit Acceptance Corp (CACC) $333 (%)
- SymbolCACCPrice333$Beta1.22783Volume Avrg.164030Market Cap5877283300Last Div0Range199.0-539.0Changes-0.62Changes PercentageExchangeNasdaq Global SelectIndustryCredit ServicesCeoMr. Brett RobertsSectorFinancial Services
About company
Credit Acceptance Corp. engages in the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. The company is headquartered in Southfield, Michigan and currently employs 2,040 full-time employees. The firm's financing programs are offered through a network of automobile dealers. The firm has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers (Purchased Loan) and keeps the amounts collected from the consumer. Dealer Loans and Purchased Loans are collectively referred to as Loans. As of December 31, 2016, the Company's target market included approximately 60,000 independent and franchised automobile dealers in the United States. The firm has market area managers located throughout the United States that market its programs to dealers, enroll new dealers and support active dealers.
Income Statement
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 260174.00 | 265595.00 | 229234.00 | 215639.00 | 233715.00 | 182795.00 | 17091.00 | 156508.00 | 108249.00 | 65225.00 | 42905.00 |
| Cost of revenues | 161782.00 | 163756.00 | 141048.00 | 131376.00 | 140089.00 | 112258.00 | 106606.00 | 87846.00 | 64431.00 | 39541.00 | 25683.00 |
| Gross profit | 98392.00 | 101839.00 | 88186.00 | 84263.00 | 93626.00 | 70537.00 | 64304.00 | 68662.00 | 43818.00 | 25684.00 | 17222.00 |
| Operating expensess | 34462.00 | 30941.00 | 26842.00 | 24239.00 | 22396.00 | 18034.00 | 15305.00 | 13421.00 | 10028.00 | 7299.00 | 5482.00 |
| Operating incomes | 6393.00 | 70898.00 | 61344.00 | 60024.00 | 7123.00 | 52503.00 | 48999.00 | 55241.00 | 3379.00 | 18385.00 | 1174.00 |
| Interest expense | 3576.00 | 324.00 | 2323.00 | 1456.00 | 733.00 | 384.00 | 136.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income tax expenses | 10481.00 | 13372.00 | 15738.00 | 15685.00 | 19121.00 | 13973.00 | 13118.00 | 1403.00 | 8283.00 | 4527.00 | 3831.00 |
| Earnings before taxs | 65737.00 | 72903.00 | 64089.00 | 61372.00 | 72515.00 | 53483.00 | 50155.00 | 55763.00 | 34205.00 | 1854.00 | 12066.00 |
| Net income | 55256.00 | 59531.00 | 48351.00 | 45687.00 | 53394.00 | 3951.00 | 37037.00 | 41733.00 | 25922.00 | 14013.00 | 8235.00 |
| Earnings per share basics | 11.97 | 12.01 | 9.27 | 8.35 | 9.28 | 6.49 | 40.03 | 44.64 | 28.05 | 15.41 | 1.317 |
| Earnings per share diluteds | 11.89 | 11.91 | 9.21 | 8.31 | 9.22 | 6.45 | 39.75 | 44.15 | 27.68 | 15.15 | 1.297 |
| Dividend per shares | 3.04 | 2.74 | 2.43 | 2.21 | 2 | 1.82 | 11.34 | 2.63 | 0 | 0 | 0 |
| Gross margins | 0.38 | 0.38 | 0.38 | 0.39 | 0.4 | 0.39 | 0.38 | 0.44 | 0.4 | 0.39 | 0.4 |
| EBIT margins | 0.25 | 0.27 | 0.27 | 0.28 | 0.3 | 0.29 | 0.29 | 0.35 | 0.31 | 0.28 | 0.28 |
| Profit margins | 0.21 | 0.22 | 0.21 | 0.21 | 0.23 | 0.22 | 0.22 | 0.27 | 0.24 | 0.21 | 0.19 |
| EBITDA | 76477.00 | 81801.00 | 71501.00 | 70529.00 | 82487.00 | 60449.00 | 55756.00 | 58518.00 | 35604.00 | 19412.00 | 128.00 |
| EBIT | 6393.00 | 70898.00 | 61344.00 | 60024.00 | 7123.00 | 52503.00 | 48999.00 | 55241.00 | 3379.00 | 18385.00 | 12066.00 |
| Earnings Before Tax Margins | 0.25 | 0.27 | 0.28 | 0.28 | 0.31 | 0.29 | 0.29 | 0.36 | 0.32 | 0.28 | 0.28 |
| Net Profit Margins | 0.21 | 0.22 | 0.21 | 0.21 | 0.23 | 0.22 | 0.22 | 0.27 | 0.24 | 0.21 | 0.19 |