Credit Acceptance (CACC) Tops Q4 EPS by 37c

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Go back to Credit Acceptance (CACC) Tops Q4 EPS by 37c

Credit Acceptance Announces Fourth Quarter and Full Year 2019 Earnings

January 30, 2020 4:03 PM EST

Southfield, Michigan, Jan. 30, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) today announced consolidated net income of $161.9 million, or $8.60 per diluted share, for the three months ended December 31, 2019 compared to consolidated net income of $151.9 million, or $7.79 per diluted share, for the same period in 2018. For the year ended December 31, 2019, consolidated net income was $656.1 million, or $34.57 per diluted share, compared to consolidated net income of $574.0 million, or $29.39 per diluted share, for the same period in 2018.

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