Credit Acceptance (CACC) Tops Q2 EPS by $1.65

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Go back to Credit Acceptance (CACC) Tops Q2 EPS by $1.65

Credit Acceptance Announces Second Quarter 2024 Results

July 31, 2024 4:02 PM EDT

Southfield, Michigan, July 31, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) today announced consolidated net loss of $47.1 million, or $3.83 per diluted share, for the three months ended June 30, 2024 compared to consolidated net income of $22.2 million, or $1.69 per diluted share, for the same period in 2023. Adjusted net income, a non-GAAP financial measure, for the three months ended June 30, 2024 was $126.4 million, or $10.29 per diluted share, compared to $140.0 million, or $10.69 per diluted share, for the same period in 2023. The following table summarizes our financial... More