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.

Type
Public
HQ
Southfield, US
Founded
1972
Size (employees)
1,817 (est)+13%
Credit Acceptance was founded in 1972 and is headquartered in Southfield, US
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Credit Acceptance Office Locations

Credit Acceptance has offices in New York, Southfield and Henderson
Southfield, US (HQ)
25505 Twelve Mile Rd
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Credit Acceptance Financials and Metrics

Credit Acceptance Financials

Credit Acceptance's revenue was reported to be $1.11 b in FY, 2017
USD

Revenue (FY, 2017)

1.1 b

Market capitalization (14-Jun-2018)

7 b

Closing share price (14-Jun-2018)

362
Credit Acceptance's current market capitalization is $7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

682.1 m723.5 m825.3 m969.2 m1.1 b

Revenue growth, %

6%14%17%

Sales and marketing expense

49.4 m

General and administrative expense

48.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

203.1 m210.2 m227.9 m238.5 m246.6 m262.8 m276 m283.9 m

Sales and marketing expense

10.9 m11.9 m13.7 m11.9 m12.2 m15.1 m14.4 m14.2 m

General and administrative expense

9.1 m9.8 m12.1 m12.6 m11 m13.9 m14 m14.2 m

Operating expense total

85.7 m92.3 m109.5 m103.8 m110.1 m118.6 m118.9 m123.8 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

4.2 m6.4 m6.3 m14.6 m

PP&E

22.3 m20.9 m18.9 m18.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

3.6 m5.6 m6.7 m4.3 m86.7 m1.3 m134.7 m9.1 m158.3 m5.7 m11.1 m27.2 m4.9 m

PP&E

22.3 m23.1 m23 m21.8 m20.6 m20 m19.5 m19 m18.6 m17.7 m19.8 m20 m20.3 m

Total Assets

2.4 b2.6 b2.6 b2.7 b3.1 b3.1 b3.4 b3.7 b4 b4.1 b4.6 b4.7 b4.8 b5.5 b

Accounts Payable

109.9 m111.4 m110.1 m111.4 m129.9 m132 m124.2 m131.9 m142.3 m133.9 m141.3 m140.4 m140.5 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

253.1 m266.2 m299.7 m332.8 m

Depreciation and Amortization

5.4 m5.5 m5.7 m6.1 m6 m

Inventories

Accounts Payable

8 m600 k13 m11.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

187.2 m49.8 m119.2 m193.2 m71.5 m145.7 m219.7 m74.4 m159.3 m245.2 m93.3 m192.4 m293.1 m

Depreciation and Amortization

4.1 m1.3 m2.5 m4 m1.5 m2.9 m4.3 m1.6 m3.2 m4.7 m1.6 m3.2 m4.7 m

Accounts Payable

4.1 m(3.7 m)(2.4 m)7.9 m11.2 m5.2 m(6.3 m)2.6 m(900 k)(8.7 m)(2.8 m)

Cash From Operating Activities

221.4 m93.5 m174.3 m270.4 m117.4 m189.5 m300.3 m91.7 m228.5 m363.5 m161.9 m261 m414.6 m
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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
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Credit Acceptance Revenue Breakdown

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

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Credit Acceptance Online and Social Media Presence

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