CREDIT ACCEPTANCE CORP

CREDIT ACCEPTANCE CORP (CACC) is a publicly listed company on US equity markets.

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.

The company reports trailing twelve-month revenue of $580.00M and net income of $135.80M.

Key metrics include a return on equity of 9.0%, a debt-to-equity ratio of 4.74.

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