Credit Acceptance (CACC) Tops Q1 EPS by 21c
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Credit Acceptance Announces First Quarter 2016 Earnings
May 2, 2016 4:02 PM EDTSouthfield, Michigan, May 02, 2016 (GLOBE NEWSWIRE) --
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) today announced consolidated net income of $74.4 million, or $3.63 per diluted share, for the three months ended March 31, 2016 compared to consolidated net income of $71.5 million, or $3.41 per diluted share, for the same period in 2015.
Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2016 was $82.3 million, or $4.02 per diluted share, compared to $72.1 million, or $3.44 per diluted share, for the same period in 2015.
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