OverviewSuggest Edit

Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The Company operates this financial program through a national network of dealer-partners, the automobile dealers participating in the programs. Credit Acceptance operates two programs: the "Portfolio Program" and the "Purchase Program". Through these programs, the Company can advances money to automobile dealers in exchange for the right to service the underlying consumer loans and can buy the consumer loans from automobile dealers.

TypePublic
Founded1972
HQSouthfield, MI, US
Websitecreditacceptance.com
Employee Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)2,016(-1%)
Revenue (FY, 2018)$1.3 B(+16%)
Share Price (Jan 2021)$339 (-4%)
Cybersecurity ratingBMore

Credit Acceptance Office Locations

Credit Acceptance has offices in Southfield, Henderson, New York, and in 1 other location
Southfield, MI, US (HQ)
25505 West 12 Mile Road
Henderson, NV, US
Henderson, NV, USA
New York, NY, US
New York, NY, USA
Show all (6)

Credit Acceptance Financials and Metrics

Credit Acceptance Revenue

Credit Acceptance's revenue was reported to be $1.29 b in FY, 2018
USD

Revenue (Q3, 2020)

426.5m

Gross profit (Q3, 2020)

415.8m

Gross profit margin (Q3, 2020), %

97.5%

Net income (Q3, 2020)

242.1m

Market capitalization (19-Jan-2021)

6.0b

Closing stock price (19-Jan-2021)

339.0

Cash (30-Sept-2020)

8.9m

EV

9.8b
Credit Acceptance's current market capitalization is $6 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

525.2m609.2m682.1m723.5m825.3m969.2m1.1b1.3b

Revenue growth, %

6%14%17%

Cost of goods sold

30.4m34.8m40.8m40.0m33.2m26.0m22.7m26.0m30.1m

Gross profit

494.8m574.4m641.3m683.5m792.1m943.2m1.1b1.3b
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

4.7m9.0m4.2m6.4m6.3m14.6m8.2m25.7m187.4m

Accounts Receivable

1.6b1.9b2.2b2.5b3.1b4.6b5.8b6.7b

Inventories

PP&E

18.5m22.2m22.3m20.9m18.9m18.2m20.5m40.2m59.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

5.7m3.6m4.7m5.2m5.7m7.8m9.0m3.6m5.6m6.7m4.3m86.7m1.3m134.7m9.1m158.3m5.7m11.1m27.2m4.9m11.5m55.7m195.7m41.3m19.7m24.7m25.7m8.5m8.9m

Accounts Receivable

1.4b1.5b1.7b1.8b1.9b2.0b2.1b2.2b2.3b2.4b2.4b2.7b2.8b3.0b3.5b3.8b4.5b5.0b5.3b5.6b6.1b6.6b6.6b6.7b6.9b

PP&E

16.8m16.8m21.2m22.0m21.9m22.0m22.4m22.3m23.1m23.0m21.8m20.6m20.0m19.5m19.0m18.6m17.7m19.8m20.0m20.3m20.4m23.1m38.7m43.4m53.1m58.5m62.3m

Total Assets

1.6b1.7b2.0b2.0b2.1b2.2b2.3b2.4b2.6b2.6b2.7b3.1b3.1b3.4b3.7b4.0b4.1b4.6b4.7b4.8b5.5b5.9b6.2b6.7b6.9b7.3b7.3b7.4b
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

188.0m219.7m253.1m266.2m299.7m332.8m470.2m574.0m656.1m

Depreciation and Amortization

4.1m5.1m5.4m5.5m5.7m6.1m6.0m5.4m7.3m

Accounts Payable

20.7m10.0m8.0m600.0k13.0m11.8m10.3m41.6m17.3m

Cash From Operating Activities

275.6m308.6m325.7m365.2m404.2m507.2m566.0m703.9m812.3m
USDQ2, 2011

Financial Leverage

3.6 x
Show all financial metrics

Credit Acceptance Operating Metrics

Credit Acceptance's Total Loans was reported to be $4.3b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Average Loan Volume per Active Dealer

30.90 14 10.90 11.50 32.90 13.60 10.70 11.30 31.40 12.10 10.10

Dealers

7.25 k6 k6.09 k6.41 k9.06 k7.49 k7.18 k7.32 k10.54 k7.85 k7.64 k

Total Loans

$2.51 b$2.73 b$2.83 b$2.96 b$3.10 b$3.36 b$3.54 b$3.76 b$3.89 b$4.14 b$4.28 b

Total Loans, units

224 k298.29 k330.71 k
Show all operating metrics

Credit Acceptance Revenue Breakdown

Embed Graph

Credit Acceptance revenue breakdown by business segment: 90.2% from Finance charges, 5.4% from Other income and 4.4% from Other

Credit Acceptance Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Credit Acceptance Online and Social Media Presence

Embed Graph

Credit Acceptance Company Culture

  • Overall Culture

    A+

    96/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Credit Acceptance News and Updates

Credit Acceptance Announces Extension of Revolving Secured Line of Credit Facility and Increase and Extension of Revolving Secured Warehouse Facility

Southfield, Michigan, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced that on December 15, 2020, we extended the maturity of our revolving secured line of credit facility with a comme…

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC

NEW YORK, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Credit Acceptance Corporation (“Credit Acceptance” or the “Company”) (NASDAQ: CACC).   Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext…

CACC FINAL DEADLINE TOMORROW: ROSEN, LEADING TRIAL ATTORNEYS, Reminds Credit Acceptance Corporation Investors of Important December 1 Deadline in Securities Class Action – CACC

NEW YORK, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead p…

Portnoy Law Firm: Credit Acceptance Corporation, Aurora Cannabis, Inc., and Loop Industries, Inc. Investors Have Limited Amount of Time Before Class Action Deadline

Investors with losses are encouraged to contact Attorney Lesley F. Portnoy. Investors with losses are encouraged to contact Attorney Lesley F. Portnoy.

ROSEN, A TOP RANKED LAW FIRM, Reminds Credit Acceptance Corporation Investors of Important December 1 Deadline in Securities Class Action – CACC

NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead p…

ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Reminds Credit Acceptance Corporation Investors of Important Deadline in Securities Class Action – CACC

NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Acceptance Corporation (NASDAQ: CACC) between November 1, 2019 and August 28, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead p…
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Credit Acceptance Frequently Asked Questions

  • When was Credit Acceptance founded?

    Credit Acceptance was founded in 1972.

  • How many employees does Credit Acceptance have?

    Credit Acceptance has 2,016 employees.

  • Who are Credit Acceptance competitors?

    Competitors of Credit Acceptance include AutoFi, Mandala Finance and iA Auto Finance.

  • Where is Credit Acceptance headquarters?

    Credit Acceptance headquarters is located at 25505 West 12 Mile Road, Southfield.

  • Where are Credit Acceptance offices?

    Credit Acceptance has offices in Southfield, Henderson, New York, and in 1 other location.

  • How many offices does Credit Acceptance have?

    Credit Acceptance has 6 offices.