Credit Acceptance (CACC) Tops Q2 EPS by 52c

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Go back to Credit Acceptance (CACC) Tops Q2 EPS by 52c

Credit Acceptance Announces Second Quarter 2016 Earnings

July 29, 2016 4:02 PM EDT

Southfield, Michigan, July 29, 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 $84.9 million, or $4.17 per diluted share, for the three months ended June 30, 2016 compared to consolidated net income of $74.2 million, or $3.54 per diluted share, for the same period in 2015. For the six months ended June 30, 2016, consolidated net income was $159.3 million, or $7.80 per diluted share, compared to consolidated net income of $145.7 million, or $6.95 per diluted share, for the same period in 2015.

Adjusted net... More