Credit Acceptance (CACC) Tops Q3 EPS by 41c

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Go back to Credit Acceptance (CACC) Tops Q3 EPS by 41c

Credit Acceptance Announces Third Quarter 2016 Earnings

November 1, 2016 4:02 PM EDT

Southfield, Michigan, Nov. 01, 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 $85.9 million, or $4.21 per diluted share, for the three months ended September 30, 2016 compared to consolidated net income of $74.0 million, or $3.53 per diluted share, for the same period in 2015. For the nine months ended September 30, 2016, consolidated net income was $245.2 million, or $12.01 per diluted share, compared to consolidated net income of $219.7 million, or $10.49 per diluted share, for the same period in 2015.

Adjusted net income, a non-GAAP financial... More