Credit Acceptance

Credit Acceptance (NASDAQ: CACC) is a 1,300+ employee, Michigan-based indirect finance company with 2014 operating revenues of $723M. Founded in 1972, Credit Acceptance works with car dealers nationwide to enable them to sell vehicles to customers on credit, regardless of their credit history. The company’s motto, “We Change Lives!” speaks to team members’ pride in their ability to make a difference in the lives of dealers and customers alike. We offer a great work environment, awesome team members, competitive benefits, progressive career opportunities, a casual dress code and we work hard to ensure every team member is empowered to work to their fullest potential. If you align with our values and demonstrate PRIDE (Positive, Respectful, Insightful, Direct and Earnest) in your work, we would love to hear from you!
Company Growth (employees)
Type
Public
HQ
Southfield, US
Founded
1972
Size (employees)
1,609 (est)
Credit Acceptance was founded in 1972 and is headquartered in Southfield, US

Credit Acceptance Office Locations

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

Credit Acceptance Data and Metrics

Credit Acceptance Financial Metrics

Credit Acceptance's revenue was reported to be $262.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

262.8 m

Net income (Q1, 2017)

93.3 m

Market capitalization (18-Aug-2017)

5.1 b

Cash (31-Mar-2017)

11.1 m
Credit Acceptance's current market capitalization is $5.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

682.1 m723.5 m825.3 m969.2 m

Revenue growth, %

6%14%17%

Sales and marketing expense

49.4 m

General and administrative expense

48.2 m

Operating expense total

350.8 m438 m

EBIT

398.2 m420.9 m474.5 m

EBIT margin, %

58%58%57%

Interest expense

76 m97.7 m

Pre tax profit

474.5 m531.2 m

Income tax expense

174.8 m198.4 m

Net Income

253.1 m266.2 m299.7 m332.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

Sales and marketing expense

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

General and administrative expense

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

Operating expense total

20 m21.7 m25.8 m24.5 m23.2 m29 m

Interest expense

19.6 m20.4 m22.1 m24.3 m25.1 m27.6 m

Pre tax profit

117.4 m117.9 m118.4 m134.7 m136.5 m144.2 m

Income tax expense

43.2 m43.9 m44 m49.8 m50.6 m50.9 m

Net Income

119.2 m193.2 m71.5 m145.7 m219.7 m74.4 m159.3 m245.2 m93.3 m
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

Total Assets

2.4 b2.8 b3.4 b4.2 b

Accounts Payable

143.9 m

Total Liabilities

3 b

Additional Paid-in Capital

63.2 m88.7 m100.8 m131.7 m

Retained Earnings

686.9 m613.4 m827.2 m1 b

Total Equity

750.1 m702.2 m928.1 m1.2 b

Financial Leverage

3.2 x4 x3.7 x3.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

6.7 m4.3 m86.7 m1.3 m134.7 m9.1 m158.3 m5.7 m11.1 m

PP&E

23 m21.8 m20.6 m20 m19.5 m19 m18.6 m17.7 m19.8 m

Total Assets

2.6 b2.7 b3.1 b3.1 b3.4 b3.7 b4 b4.1 b4.6 b

Accounts Payable

110.1 m111.4 m129.9 m132 m124.2 m131.9 m142.3 m133.9 m141.3 m

Additional Paid-in Capital

81.1 m82.9 m92.4 m95 m98.3 m126.2 m128 m129.8 m132.6 m

Retained Earnings

591.5 m665.5 m684.5 m758.7 m832.7 m864.7 m949.5 m1 b1 b

Total Equity

672.8 m748.5 m777.3 m853.9 m931.3 m991.4 m1.1 b1.2 b1.2 b

Financial Leverage

3.9 x3.6 x4 x3.7 x3.6 x3.7 x3.7 x3.5 x3.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

253.1 m266.2 m299.7 m332.8 m

Depreciation and Amortization

5.4 m5.5 m5.7 m6.1 m

Accounts Payable

8 m600 k13 m11.8 m

Cash From Operating Activities

325.7 m365.2 m404.2 m507.2 m

Purchases of PP&E

(5.6 m)(4.3 m)(4 m)(5.5 m)

Cash From Investing Activities

(333.6 m)(363.4 m)(639.5 m)(935.5 m)

Cash From Financing Activities

3.1 m400 k235.2 m436.6 m

Interest Paid

57.5 m55.2 m61.8 m88 m

Income Taxes Paid

119.6 m99.9 m146.9 m111.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

119.2 m193.2 m71.5 m145.7 m219.7 m74.4 m159.3 m245.2 m93.3 m

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

174.3 m270.4 m117.4 m189.5 m300.3 m91.7 m228.5 m363.5 m161.9 m

Purchases of PP&E

(3.3 m)(3.6 m)(1.3 m)(2.2 m)(3.2 m)(1.7 m)(2.9 m)(3.6 m)(3.2 m)

Cash From Investing Activities

(204 m)(303.8 m)(268.7 m)(357.6 m)(493.4 m)(344.3 m)(540.4 m)(793 m)(366.4 m)

Cash From Financing Activities

32.2 m33.5 m231.6 m163 m321.4 m255.4 m463.9 m428.9 m201 m

Interest Paid

30.8 m47.9 m17.3 m25.7 m52.3 m29.2 m41.6 m73.5 m34 m

Income Taxes Paid

43.5 m71.7 m20.2 m79.9 m102.2 m22 m47.8 m75.2 m1.8 m
USDY, 2017

Revenue/Employee

163.3 k

Financial Leverage

3.9 x

Credit Acceptance Operating Metrics

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

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 Issued

$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

Average Loan Volume Per Active Dealer

30.91410.911.532.913.610.711.331.412.110.1

Total Loans Issued, units

224 k298.29 k330.71 k

    Credit Acceptance Market Value History

    Credit Acceptance Revenue Breakdown

    Credit Acceptance Median Salaries

    Source: 13 public H-1B filings from Credit Acceptance

    Traffic Overview of Credit Acceptance

    Credit Acceptance Online and Social Media Presence

    Credit Acceptance Company Life and Culture

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