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%)
Job Openings73
Revenue (FY, 2020)$1.7 B(+30%)
Share Price (Apr 2021)$359.1
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

Revenue (FY, 2020)

1.7b

Gross profit (FY, 2020)

1.6b

Gross profit margin (FY, 2020), %

97.7%

Net income (FY, 2020)

421.8m

Market capitalization (6-Apr-2021)

6.0b

Closing stock price (6-Apr-2021)

359.1

Cash (31-Dec-2020)

396.2m

EV

9.5b
Credit Acceptance's current market capitalization is $6 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
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, 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

84/100

SecurityScorecard logo

Credit Acceptance Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub 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 Corporation Investors: Company Investigated by the Portnoy Law Firm

Investors can contact the law firm at no cost to learn more about recovering their losses Investors can contact the law firm at no cost to learn more about recovering their losses

Credit Acceptance Announces Completion of $500.0 Million Asset-Backed Financing

Southfield, Michigan, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $500.0 million asset-backed non-recourse secured financing (the “Financing”).  Pursuant to this transa…

Credit Acceptance Named a 2021 Top Workplaces USA Award Winner

Southfield, Michigan, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a 2021 Top Workplaces USA Award winner.

Credit Acceptance Announces Fourth Quarter and Full Year 2020 Results

Southfield, Michigan, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $166.3 million, or $9.43 per diluted share, for the three months ended December …

Credit Acceptance Announces Completion of $100.0 Million Asset-Backed Financing and Extension of $300.0 Million Revolving Secured Warehouse Facility

Southfield, Michigan, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $100.0 million asset-backed non-recourse secured financing (the “Financing”).  Pursuant to this transa…

Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2020 Earnings Release and Webcast

Southfield, Michigan, Jan. 25, 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 fourth quarter and full year 2020 earnings on Monday, Febru…
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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, Yapi Kredi Bank and Ujjivan.

  • 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.