Credit Acceptance (CACC) Posts Q1 Loss of $4.61/Share, non-GAAP EPS of $9.66
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CREDIT ACCEPTANCE ANNOUNCES FIRST QUARTER 2020 RESULTS
May 27, 2020 4:03 PM EDTSouthfield, Michigan, May 27, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) today announced a consolidated net loss of $83.8 million, or $4.61 per diluted share, for the three months ended March 31, 2020 compared to consolidated net income of $164.4 million, or $8.65 per diluted share, for the same period in 2019.
Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2020 was $175.7 million, or $9.66 per diluted share, compared to $153.6 million, or $8.08 per diluted share, for the same period in 2019.
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