Credit Acceptance (CACC) Tops Q3 EPS by 66c

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Go back to Credit Acceptance (CACC) Tops Q3 EPS by 66c

Credit Acceptance Announces Third Quarter 2018 Earnings

October 29, 2018 4:05 PM EDT

Southfield, Michigan, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) today announced consolidated net income of $151.0 million, or $7.75 per diluted share, for the three months ended September 30, 2018 compared to consolidated net income of $100.7 million, or $5.19 per diluted share, for the same period in 2017. For the nine months ended September 30, 2018, consolidated net income was $422.1 million, or $21.68 per diluted share, compared to consolidated net income of $293.1 million, or $14.99 per diluted share, for the same period in 2017.

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