Credit Acceptance (CACC) Tops Q1 EPS by 32c
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Credit Acceptance Announces First Quarter 2019 Earnings
April 29, 2019 4:02 PM EDTSouthfield, Michigan, April 29, 2019 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) today announced consolidated net income of $164.4 million, or $8.65 per diluted share, for the three months ended March 31, 2019 compared to consolidated net income of $120.1 million, or $6.17 per diluted share, for the same period in 2018.
Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2019 was $153.6 million, or $8.08 per diluted share, compared to $118.9 million, or $6.11 per diluted share, for the same period in 2018.
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