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 Ratings4.1
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2019)2,016(-1%)
Job Openings87
Revenue (FY, 2020)$1.7 B(+30%)
Share Price (Sept 2021)$650
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 $1.67 b in FY, 2020
USD

Net income (Q1, 2021)

202.1m

Market capitalization (8-Sept-2021)

10.7b

Closing stock price (8-Sept-2021)

650.0

Cash (31-Mar-2021)

45.7m

EV

10.6b
Credit Acceptance's current market capitalization is $10.7 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

525.2m609.2m682.1m723.5m825.3m969.2m1.1b1.3b1.7b

Revenue growth, %

6%14%17%

Cost of goods sold

30.4m34.8m40.8m40.0m33.2m26.0m22.7m26.0m30.1m37.9m

Gross profit

494.8m574.4m641.3m683.5m792.1m943.2m1.1b1.3b1.6b
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

4.7m9.0m4.2m6.4m6.3m14.6m8.2m25.7m187.4m396.2m

Accounts Receivable

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

Inventories

PP&E

18.5m22.2m22.3m20.9m18.9m18.2m20.5m40.2m59.7m59.4m
Quarterly
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

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

Depreciation and Amortization

4.1m5.1m5.4m5.5m5.7m6.1m6.0m5.4m7.3m8.8m

Accounts Payable

20.7m10.0m8.0m600.0k13.0m11.8m10.3m41.6m17.3m(18.4m)

Cash From Operating Activities

275.6m308.6m325.7m365.2m404.2m507.2m566.0m703.9m812.3m985.2m
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

30.91410.911.532.913.610.711.331.412.110.1

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$3.1 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

88/100

SecurityScorecard logo

Credit Acceptance Online and Social Media Presence

Embed Graph

Credit Acceptance Company Culture

  • Overall Culture

    A-

    75/100

  • CEO Rating

    A+

    97/100

  • Compensation

    C

    64/100

Learn more on Comparably

Credit Acceptance News and Updates

Credit Acceptance Honored by Crain’s Detroit Business

Southfield, Michigan, July 21, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named by Crain’s Detroit Business as one of the 50 fastest-growing companies in the Detroit area. We're honored to…

Credit Acceptance Named #8 Midsize Company in IDG’s Insider Pro and Computerworld 2021 Best Places to Work in IT

Southfield, Michigan, July 12, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named in IDG’s Insider Pro and Computerworld 2021 Best Places to Work in IT in the Midsize category. We ranked #8 …

Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing

Southfield, Michigan, May 20, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $450.0 million asset-backed non-recourse secured financing (the “Financing”).  Pursuant to this transac…

Credit Acceptance Named to the 2021 Nevada Top Workplaces List

Southfield, Michigan, May 18, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been awarded a 2021 Top Workplaces honor by the Las Vegas Review-Journal and the Las Vegas Business Press. This is the s…

Credit Acceptance Announces Retirement of Brett A. Roberts as CEO and Director; Appointment of Kenneth S. Booth as Successor; and Election of Vinayak R. Hegde to the Board of Directors

Southfield, Michigan, April 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced that Brett A. Roberts, the Company’s Chief Executive Officer and President and a member of the Company’s B…

Credit Acceptance Announces Timing of First Quarter 2021 Earnings Release and Webcast

Southfield, Michigan, April 23, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our first quarter 2021 earnings on Thursday, April 29, 2021, a…
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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.

  • What is Credit Acceptance revenue?

    Latest Credit Acceptance annual revenue is $1.7 b.

  • What is Credit Acceptance revenue per employee?

    Latest Credit Acceptance revenue per employee is $828 k.

  • Who are Credit Acceptance competitors?

    Competitors of Credit Acceptance include AutoFi, Green Light Auto Finance and MAS Financial Services.

  • 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.