Credit Acceptance

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.

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 Financials and Metrics

Credit Acceptance Financials

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 (19-Oct-2017)

5.5 b

Cash (31-Mar-2017)

11.1 m
Credit Acceptance's current market capitalization is $5.5 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
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
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
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
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
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
USDY, 2017

Revenue/Employee

163.3 k

Financial Leverage

3.9 x
Show all financial metrics

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
Show all operating metrics

Credit Acceptance Market Value History

Credit Acceptance Revenue Breakdown

Credit Acceptance Job Categories

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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