Overview
Credit Acceptance
Credit Acceptance Corporation offers innovative financing solutions that enable automobile dealers to sell vehicles to consumers, regardless of their credit history. Working with nearly 15,465 active independent and franchised automobile dealers in the US, the company provides financing programs through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and
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Read More referral sales generated by these same customers; and from sales to customers responding to advertisements for the company's financing programs, but who actually end up qualifying for traditional financing. All of its revenues were derived from the US. Credit Acceptance was founded in 1972 to collect retail installment contracts originated by automobile dealerships owned by Donald Foss, its founder.
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Read More referral sales generated by these same customers; and from sales to customers responding to advertisements for the company's financing programs, but who actually end up qualifying for traditional financing. All of its revenues were derived from the US. Credit Acceptance was founded in 1972 to collect retail installment contracts originated by automobile dealerships owned by Donald Foss, its founder.
Read Less
Kenneth S Booth
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Nondepository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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Personal credit institutions
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Automobile and consumer finance companies
See All Industries , Automobile loans, including insurance Financing: automobiles, furniture, etc., not a deposit bank
See Fewer Industries
See All Industries , Automobile loans, including insurance Financing: automobiles, furniture, etc., not a deposit bank
See Fewer Industries
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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Modelled
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Actual
$1.83 billion
Actual
13.54%
-13.35%
$8,854
DEC
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NASDAQ:CACC
Contacts
Get in Touch with 6 Principals* and 800 Contacts
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Kenneth S BoothPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Data
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Financial data as of January 01, 2023 (12 month period) in USD
Annual Revenue
$1.83 billion
USD
Estimated
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,138 | $1,204 | $1,239 |
| Net Investing Cash | -$1,721 | -$1,417 | -$461 |
| Net Financing Cash | $957 | $266 | -$795 |
| Net Change in Cash | $374 | $53 | -$16 |
| Cash at Beginning of Period | $471 | $418 | $434 |
| Cash at End of Period | $845 | $471 | $418 |
| Capital Expenditure | -$2 | -$4 | -$3 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $344 | $13 | $8 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $8,365 | $7,424 | $6,720 |
| Asset Summary | |||
| Total Current Assets | $8,709 | $7,437 | $6,728 |
| Tangible Fixed Assets | $15 | $46 | $51 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $8,855 | $7,610 | $6,905 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $316 | $319 | $261 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $117 | $81 | $2 |
| Liability Summary | |||
| Total Current Liabilities | $433 | $400 | $263 |
| Long-Term Debt | $6,353 | $5,068 | $4,591 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $7,105 | $5,856 | $5,281 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $1,415 | $1,476 | $1,381 |
| Equity Summary | |||
| Total Equity | $1,750 | $1,754 | $1,624 |
| Shares Outstanding | 12,048,151 | 12,522,397 | 12,756,885 |