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Credit Acceptance Corp. (CACC)
NASDAQ:CACC
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
9.67Last Year’s EPS
9.28Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -0.71%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a mix of positive developments such as record high loan portfolio and increased market share, alongside challenges like slowing growth and underperformance in certain vintages. While there are notable achievements, the presence of significant challenges results in a balanced overall sentiment.Company Guidance
During the Credit Acceptance Corporation fourth quarter 2024 earnings call, the company provided guidance highlighting several key metrics and performance indicators. The loan portfolio reached a record $8.9 billion on an adjusted basis, marking a 15% increase from the previous year. Market share in the core segment of used vehicles financed by subprime consumers rose to 6.1% year-to-date through November, compared to 4.8% in 2023. Despite slower growth, this quarter still recorded the second-highest Q4 unit and dollar volume ever. Collections totaled $1.3 billion, while portfolio profit payments amounted to $65 million. The company financed 78,911 contracts and added 902 new dealers, achieving the largest number of active dealers for a fourth quarter at 10,149. The company also received a total of 13 workplace awards for 2024, a record number, reinforcing its commitment to a positive work environment.Record High Loan Portfolio
The loan portfolio reached a new record high of $8.9 billion on an adjusted basis, up 15% from last year.
Increased Market Share
Market share in the core segment of used vehicles financed by subprime consumers increased to 6.1% year-to-date through November, compared to 4.8% for the same period in 2023.
Expansion in Dealer Network
The company added 902 new dealers in the quarter, reaching the highest number of active dealers ever for a fourth quarter with 10,149 dealers.
Awards and Recognition
Received five awards from Newsweek, Monster, Fortune, Detroit Free Press, and Computerworld recognizing Credit Acceptance as a great place to work, totaling 13 workplace awards in 2024.
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CACC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CACC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $514.06 | $507.77 | -1.22% |
| Oct 30, 2024 | $461.93 | $425.00 | -7.99% |
| Jul 31, 2024 | $574.90 | $489.29 | -14.89% |
| Apr 30, 2024 | $513.72 | $492.58 | -4.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Credit Acceptance Corp. (CACC) report earnings?
Credit Acceptance Corp. (CACC) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Credit Acceptance Corp. (CACC) earnings time?
Credit Acceptance Corp. (CACC) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CACC EPS forecast?
CACC EPS forecast for the fiscal quarter 2025 (Q1) is 9.67.
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