Credit Acceptance (CACC) Tops Q2 EPS by $4.21

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Go back to Credit Acceptance (CACC) Tops Q2 EPS by $4.21

Credit Acceptance Announces Second Quarter 2021 Results

July 29, 2021 4:00 PM EDT

Southfield, Michigan, July 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) today announced consolidated net income of $288.6 million, or $17.18 per diluted share, for the three months ended June 30, 2021 compared to consolidated net income of $96.4 million, or $5.40 per diluted share, for the same period in 2020. For the six months ended June 30, 2021, consolidated net income was $490.7 million, or $28.96 per diluted share, compared to consolidated net income of $12.6 million, or $0.70 per diluted share, for the same period in 2020.

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