$5.9 B

CACC Mkt cap, 05-Feb-2021

$426.5 M

Credit Acceptance Revenue Q3, 2020
Credit Acceptance Gross profit (Q3, 2020)415.8 M
Credit Acceptance Gross profit margin (Q3, 2020), %97.5%
Credit Acceptance Net income (Q3, 2020)242.1 M
Credit Acceptance Cash, 30-Sept-20208.9 M
Credit Acceptance EV9.7 B

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 Income Statement

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

Revenue

130.0m133.7m142.4m151.8m155.7m164.7m169.4m172.7m176.9m179.8m181.7m194.2m203.1m210.2m227.9m238.5m246.6m262.8m276.0m283.9m295.6m315.4m332.0m353.8m370.6m378.7m389.1m406.3m426.5m

Cost of goods sold

7.8m8.4m8.6m9.0m9.1m9.0m10.5m11.0m11.0m11.0m9.4m8.6m9.2m8.4m7.0m6.6m6.1m5.5m5.2m7.3m7.0m6.6m8.3m8.2m8.8m9.3m10.7m

Gross profit

122.2m125.4m133.9m142.8m146.6m155.7m158.9m161.7m165.9m168.8m172.3m185.6m193.9m201.8m231.5m240.0m269.9m278.4m290.4m308.1m325.0m347.2m362.3m370.5m380.3m397.0m415.8m

Gross profit Margin, %

94%94%94%94%94%95%94%94%94%94%95%96%95%96%97%97%98%98%98%98%98%98%98%98%98%98%97%

Sales and marketing expense

5.8m5.6m7.8m7.6m8.1m9.0m8.5m8.5m9.6m8.8m8.7m11.7m10.9m11.9m13.7m11.9m12.2m15.1m14.4m14.2m17.8m17.2m16.3m18.8m17.7m19.1m18.2m

General and administrative expense

6.5m6.0m7.4m7.3m6.8m7.9m8.3m8.7m8.5m8.7m9.1m9.1m9.8m12.1m12.6m11.0m13.9m14.0m14.2m14.5m12.7m14.1m13.9m16.8m17.2m14.6m17.2m

Operating expense total

77.4m75.4m15.2m14.9m14.9m16.9m16.8m17.2m9.6m17.3m17.4m20.8m20.0m21.7m109.5m24.5m23.2m118.6m28.4m28.4m32.3m29.9m30.4m32.7m34.5m17.2m19.1m32.8m17.2m

EBIT

44.8m50.0m

EBIT margin, %

35%37%

Interest expense

15.0m14.6m15.2m15.6m16.3m16.0m16.2m16.0m13.3m13.5m14.9m19.6m20.4m22.1m24.3m25.1m27.6m29.9m30.5m34.5m38.7m41.1m45.0m49.8m50.4m51.9m48.2m46.8m

Pre tax profit

70.6m78.7m78.8m89.1m83.9m95.1m97.4m102.2m80.0m109.2m115.3m113.3m117.4m117.9m118.4m134.7m136.5m144.2m157.1m160.1m157.7m198.0m198.4m206.3m215.3m219.1m(112.8m)127.8m318.4m

Income tax expense

25.8m28.7m28.5m32.6m30.9m34.5m35.9m37.1m30.2m39.8m41.3m41.8m43.2m43.9m44.0m49.8m50.6m50.9m58.0m59.4m37.6m47.0m47.4m41.9m50.9m53.7m(37.5m)31.4m76.3m

Net Income

44.8m50.0m50.3m56.5m53.0m60.6m61.5m49.8m69.4m74.0m71.5m74.2m74.0m74.4m84.9m85.9m93.3m99.1m100.7m120.1m151.0m151.0m164.4m164.4m165.4m(83.8m)96.4m242.1m

Credit Acceptance Balance Sheet

Annual

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

Accounts Payable

96.2m91.1m107.3m190.2m98.1m105.2m112.3m109.9m111.4m110.1m111.4m129.9m132.0m124.2m131.9m142.3m133.9m141.3m140.4m140.5m168.9m172.5m167.9m192.0m203.4m184.6m170.6m181.1m187.2m

Long-term debt

127.2m99.4m173.6m13.1m115.8m115.9m150.8m87.6m115.9m106.2m8.8m24.8m85.2m130.5m23.0m38.4m52.2m4.0b160.5m3.8b

Total Debt

127.2m99.4m173.6m13.1m115.8m115.9m150.8m87.6m115.9m106.2m8.8m24.8m85.2m130.5m23.0m38.4m52.2m4.0b160.5m3.8b

Total Liabilities

1.1b1.2b1.4b1.5b1.5b1.6b1.7b1.7b1.9b2.0b2.0b2.3b2.3b2.4b2.7b2.9b2.9b3.4b3.5b3.5b3.9b4.1b4.3b4.7b4.7b4.7b5.3b5.3b

Common Stock

256.0k257.0k256.0k245.0k246.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k200.0k

Preferred Stock

Additional Paid-in Capital

36.6m38.0m40.8m44.9m49.5m54.5m58.7m60.8m77.7m81.1m82.9m92.4m95.0m98.3m126.2m128.0m129.8m132.6m135.5m138.4m147.7m149.7m152.4m152.2m153.7m155.7m157.5m158.9m160.4m

Retained Earnings

405.1m455.0m531.5m495.1m548.1m569.9m595.2m629.0m637.2m591.5m665.5m684.5m758.7m832.7m864.7m949.5m1.0b1.0b1.1b1.2b1.5b1.7b1.8b1.9b2.1b1.8b1.9b2.1b

Total Equity

441.9m493.3m572.6m540.4m597.8m624.6m653.9m689.8m715.0m672.8m748.5m777.3m853.9m931.3m991.4m1.1b1.2b1.2b1.2b1.4b1.7b1.8b2.0b2.0b2.2b2.4b2.0b2.1b2.3b

Financial Leverage

3.6 x3.4 x3.4 x3.7 x3.5 x3.6 x3.5 x3.5 x3.6 x3.9 x3.6 x4 x3.7 x3.6 x3.7 x3.7 x3.5 x3.9 x3.8 x3.6 x3.3 x3.2 x3.2 x3.3 x3.1 x3.7 x3.6 x3.2 x

Credit Acceptance Cash Flow

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

Net Income

88.0m138.0m50.3m106.9m159.8m60.6m122.1m187.2m49.8m119.2m193.2m71.5m145.7m219.7m74.4m159.3m245.2m93.3m192.4m293.1m120.1m271.1m422.1m164.4m328.8m494.2m(83.8m)12.6m254.7m

Depreciation and Amortization

2.0m3.1m1.2m2.5m3.7m1.4m2.7m1.3m2.5m4.0m1.5m2.9m4.3m1.6m3.2m4.7m1.6m3.2m4.7m1.3m2.6m3.9m1.5m3.4m5.3m1.8m6.4m

Accounts Payable

21.1m16.0m11.5m9.9m2.3m(600.0k)6.5m(2.4m)(3.7m)(2.4m)7.9m11.2m5.2m(6.3m)2.6m(900.0k)(8.7m)(2.8m)19.1m22.7m21.0m(2.6m)10.9m(4.8m)(35.5m)(24.7m)(20.3m)

Cash From Operating Activities

140.0m202.4m89.3m151.6m218.5m80.9m140.7m221.4m93.5m174.3m270.4m117.4m189.5m300.3m91.7m228.5m363.5m161.9m261.0m414.6m207.4m310.0m501.0m229.7m400.6m231.3m506.3m

Purchases of PP&E

(2.6m)(3.6m)(3.9m)(6.0m)(7.1m)(1.2m)(3.0m)(4.3m)(2.1m)(3.3m)(3.6m)(1.3m)(2.2m)(3.2m)(1.7m)(2.9m)(3.6m)(3.2m)(5.1m)(6.9m)(1.2m)(5.2m)(22.1m)(4.7m)(16.3m)(23.6m)(4.4m)(6.3m)(7.7m)

Cash From Investing Activities

(260.0m)(358.0m)(203.8m)(255.0m)(365.2m)(127.4m)(199.6m)(281.4m)(145.9m)(204.0m)(303.8m)(268.7m)(357.6m)(493.4m)(344.3m)(540.4m)(793.0m)(366.4m)(534.7m)(689.3m)(460.3m)(764.2m)(1.0b)(402.2m)(668.4m)(296.3m)

Long-term Borrowings

(116.0k)(175.0k)(61.0k)(122.0k)(184.0k)(522.8m)(100.0k)(2.0b)(862.1m)(1.7b)(353.8m)(1.1b)(1.2b)(1.6b)(1.1b)(1.3b)(2.5b)(2.9b)(456.3m)(1.4b)(1.7b)(1.2b)(2.3b)(3.1b)(497.1m)(3.6b)(1.7b)

Cash From Financing Activities

121.9m155.5m114.6m104.0m147.7m45.3m58.9m54.6m53.8m32.2m33.5m231.6m163.0m321.4m255.4m463.9m428.9m201.0m286.3m265.0m369.1m584.1m788.9m302.4m290.2m(18.9m)(60.8m)(241.9m)

Net Change in Cash

1.9m(158.0k)34.0k493.0k1.1m(1.2m)(5.4m)1.4m2.5m100.0k80.3m(5.1m)128.3m152.0m(600.0k)12.6m(9.7m)116.2m129.9m279.5m129.9m19.2m25.2m(83.9m)(126.5m)(116.9m)

Interest Paid

24.7m37.7m13.4m27.6m49.8m22.2m28.9m51.0m23.8m30.8m47.9m17.3m25.7m52.3m29.2m41.6m73.5m34.0m52.0m88.9m40.3m65.8m112.0m48.8m79.1m141.6m58.2m102.3m147.2m

Income Taxes Paid

38.0m55.1m9.7m44.1m68.9m25.7m81.2m108.3m5.5m43.5m71.7m20.2m79.9m102.2m22.0m47.8m75.2m1.8m85.7m132.1m1.6m105.7m136.6m1.8m76.4m116.7m800.0k800.0k35.8m

Credit Acceptance Ratios

USDQ2, 2011

Financial Leverage

3.6 x

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

Credit Acceptance Employee Rating

4430 votes
Culture & Values
4.1
Work/Life Balance
4.2
Senior Management
3.8
Salary & Benefits
4.2
Career Opportunities
3.7
Source