Credit Acceptance (CACC) Misses Q3 EPS by 5c

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Go back to Credit Acceptance (CACC) Misses Q3 EPS by 5c

Credit Acceptance Announces Third Quarter 2019 Earnings

November 1, 2019 4:02 PM EDT

Southfield, Michigan, Nov. 01, 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 $165.4 million, or $8.73 per diluted share, for the three months ended September30, 2019 compared to consolidated net income of $151.0 million, or $7.75 per diluted share, for the same period in 2018. For the nine months ended September30, 2019, consolidated net income was $494.2 million, or $26.06 per diluted share, compared to consolidated net income of $422.1 million, or $21.68 per diluted share, for the same period in 2018.

Adjusted net income, a non-GAAP financial measure, for the three months... More