Credit Acceptance (CACC) Tops Q1 EPS by 15c
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Credit Acceptance Announces First Quarter 2024 Results
April 30, 2024 4:01 PM EDTSouthfield, Michigan , April 30, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) today announced consolidated net income of $64.3 million, or $5.08 per diluted share, for the three months ended March 31, 2024 compared to consolidated net income of $99.5 million, or $7.61 per diluted share, for the same period in 2023. Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2024 was $117.4 million, or $9.28 per diluted share, compared to $127.0 million, or $9.71 per diluted share, for the same period in 2023. The following table summarizes our financial... More
