Credit Acceptance ( (CACC) ) has issued an announcement.
The recent shareholder letter from Credit Acceptance highlights the company’s commitment to making vehicle ownership accessible to consumers with poor or no credit history. By partnering with dealers, Credit Acceptance has facilitated vehicle financing for individuals like Vivien H., who regained her independence after securing a vehicle loan. The company has also helped dealers like Nate W. expand their businesses by offering financing options to a broader customer base. Credit Acceptance’s business model, focused on economic profit and strong cultural values, has driven its success over the years, allowing it to consistently earn returns above its cost of capital and invest in its core business.
More about Credit Acceptance
Credit Acceptance Corporation operates in the auto finance industry, providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. The company competes with banks, credit unions, and other auto finance companies, offering a unique value proposition where dealers share in the cash flows from loans, aligning interests between the company, dealers, and consumers.
YTD Price Performance: 12.54%
Average Trading Volume: 67,618
Technical Sentiment Signal: Strong Sell
Current Market Cap: $6.21B
For an in-depth examination of CACC stock, go to TipRanks’ Stock Analysis page.