Latest Credit Acceptance Corp (CACC) Headlines
Credit Acceptance Announces Tender Offer
GlobeNewswire - Wed Feb 26, 7:42AM CST
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today that we have commenced a tender offer to purchase up to 637,420 shares of our outstanding common stock at a price of $133.35 per share.
Downgrade Alert for Credit Acceptance (CACC)
Comtex SmarTrend(R) - Tue Feb 04, 7:09AM CST
Credit Acceptance (NASDAQ:CACC) was downgraded from Outperform to Market Perform at JMP Securities today. The stock closed yesterday at $133.40 on volume of 43,000 shares, above average daily volume of 31,000. Credit Acceptance Corporation provides funding, receivables management, collection, sales training, and related services to automobile dealers. The Company provides indirect financing for buyers with limited access to traditional sources of consumer credit. Credit Acceptance operates in North America, the United Kingdom, and Ireland.
Credit Acceptance Announces Fourth Quarter and Full Year 2013 Earnings
GlobeNewswire - Thu Jan 30, 3:00PM CST
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net income of $65.9 million, or $2.80 per diluted share, for the three months ended December 31, 2013 compared to consolidated net income of $59.9 million, or $2.40 per diluted share, for the same period in 2012. For the year ended December 31, 2013, consolidated net income was $253.1 million, or $10.54 per diluted share, compared to consolidated net income of $219.7 million, or $8.58 per diluted share, for the same period in 2012.
Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2013 Earnings Release and Webcast
GlobeNewswire - Thu Jan 23, 3:00PM CST
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 2013 earnings on Thursday, January 30, 2014, after the market closes.
Credit Acceptance Announces Redemption of Outstanding 9.125% First Priority Senior Secured Notes Due 2017
GlobeNewswire - Wed Jan 22, 3:40PM CST
Credit Acceptance Corporation ( NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today the redemption of all of the Company's 9.125% first priority senior secured notes due 2017 (the "2017 notes") in accordance with the terms of the indenture governing the 2017 notes. The Company provided an irrevocable notice to U.S. Bank National Association, the trustee of the 2017 notes, of its election to redeem all of the outstanding 2017 notes on February 21, 2014 (the date of such redemption, the "Redemption Date").
Credit Acceptance Announces Closing of $300 Million Senior Notes Offering
GlobeNewswire - Wed Jan 22, 3:30PM CST
Credit Acceptance Corporation ( NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today the closing of the Company's previously announced offering of $300 million of its 6.125% senior notes due 2021 (the "notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). We intend to use the net proceeds from the offering, together with borrowings under our revolving credit facility, to redeem in full the $350.0 million outstanding principal amount of our 9.125% first priority senior secured notes due 2017 (the "2017 notes") in accordance with the terms of the indenture governing the 2017 notes. Pending this application of the net proceeds from the offering, the net proceeds may be invested in short-term investments or applied to repay borrowings under our revolving credit facility without reducing the lenders' commitments thereunder.
Shares of CACC Up 22.6% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Tue Jan 21, 10:06AM CST
SmarTrend identified an Uptrend for Credit Acceptance (NASDAQ:CACC) on October 22nd, 2013 at $114.31. In approximately 3 months, Credit Acceptance has returned 22.59% as of today's recent price of $140.13.
Credit Acceptance Named on the 2014 FORTUNE 100 Best Companies to Work For List
GlobeNewswire - Fri Jan 17, 8:00AM CST
Credit Acceptance has been named as one of the 2014 FORTUNE 100 Best Companies to Work For(R). The list, now in its 17 year, recognizes companies that have exceptional workplace cultures. Credit Acceptance was ranked #52 in their first year as a Fortune 100 Best Company winner.
Credit Acceptance Announces Pricing of $300 Million Senior Notes Offering
GlobeNewswire - Thu Jan 16, 4:55PM CST
Credit Acceptance Corporation ( NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today it priced the $300 million of its 6.125% senior notes due 2021 (the "notes") in its previously-announced offering. The issue price is 100.000% of the principal amount of the notes. The closing of the sale of the notes is expected to occur on or about January 22, 2014, subject to customary closing conditions. We intend to use the net proceeds from the offering, together with borrowings under our revolving credit facility, to redeem in full the $350.0 million outstanding principal amount of our 9.125% first priority senior secured notes due 2017 (the "2017 notes") in accordance with the terms of the indenture governing the 2017 notes . Pending this application of the net proceeds from the offering, the net proceeds may be invested in short-term investments or applied to repay borrowings under our revolving credit facility without reducing the lenders' commitments thereunder.
Credit Acceptance Announces $300 Million Senior Notes Offering
GlobeNewswire - Thu Jan 16, 8:00AM CST
Credit Acceptance Corporation ( NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today that it plans to offer $300 million of senior notes due 2021 (the "notes"). We intend to use the net proceeds from the offering, together with borrowings under our revolving credit facility, to redeem in full the $350.0 million outstanding principal amount of our 9.125% first priority senior secured notes due 2017 (the "2017 notes") in accordance with the terms of the indenture governing the 2017 notes. Pending this application of the net proceeds from the offering, the net proceeds may be invested in short-term investments or applied to repay borrowings under our revolving credit facility without reducing the lenders' commitments thereunder.
17.5% Return Seen to Date on SmarTrend Credit Acceptance Call (CACC)
Comtex SmarTrend(R) - Mon Jan 13, 9:45AM CST
SmarTrend identified an Uptrend for Credit Acceptance (NASDAQ:CACC) on October 22nd, 2013 at $114.31. In approximately 3 months, Credit Acceptance has returned 17.47% as of today's recent price of $134.28.
Credit Acceptance Announces Completion of $197.8 Million Asset-Backed Financing
GlobeNewswire - Thu Oct 31, 3:00PM CDT
Credit Acceptance Corporation (NASDAQ: CACC) (the "Company", "Credit Acceptance", "we", "our", or "us") announced today the completion of a $197.8 million asset-backed non-recourse secured financing (the "Financing"). Pursuant to this transaction, we contributed loans having a net book value of approximately $250.1 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:
Credit Acceptance Announces Third Quarter 2013 Earnings
GlobeNewswire - Wed Oct 30, 3:00PM CDT
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net income of $65.1 million, or $2.75 per diluted share, for the three months ended September 30, 2013 compared to consolidated net income of $52.9 million, or $2.12 per diluted share, for the same period in 2012. For the nine months ended September 30, 2013, consolidated net income was $187.2 million, or $7.78 per diluted share, compared to consolidated net income of $159.8 million, or $6.22 per diluted share, for the same period in 2012.
3 Finance Stocks Poised to Beat Earnings Estimates - Earnings ESP
Zacks Equity Research - Zacks Investment Research - Fri Oct 25, 10:44AM CDT
Standing out as the most liquid market in the world, the U.S. financial sector promises high growth.
Credit Acceptance Announces Timing of Third Quarter 2013 Earnings Release and Webcast
GlobeNewswire - Wed Oct 23, 3:01PM CDT
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 third quarter 2013 earnings on Wednesday, October 30, 2013, after the market closes.
Credit Acceptance Announces Second Quarter 2013 Earnings
GlobeNewswire - Tue Jul 30, 3:00PM CDT
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net income of $61.5 million, or $2.56 per diluted share, for the three months ended June 30, 2013 compared to consolidated net income of $56.6 million, or $2.18 per diluted share, for the same period in 2012. For the six months ended June 30, 2013, consolidated net income was $122.1 million, or $5.04 per diluted share, compared to consolidated net income of $106.9 million, or $4.10 per diluted share, for the same period in 2012.
Credit Acceptance Announces Timing of Second Quarter 2013 Earnings Release and Webcast
GlobeNewswire - Tue Jul 23, 3:00PM CDT
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 second quarter 2013 earnings on Tuesday, July 30, 2013, after the market closes.
Nasdaq stocks posting largest percentage decreases
AP - Fri Jun 21, 12:17PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at 1 p.m.:
Credit Acceptance Announces Extension of Revolving Secured Line of Credit Facility
GlobeNewswire - Thu Jun 20, 3:00PM CDT
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today that we have extended the maturity of our credit facility with a commercial bank syndicate from June 22, 2015 to June 23, 2016.
DFS-Barclaycard Form Alliance - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jun 06, 9:55PM CDT
Diners Club International - a unit of Discover Financial - announced an agreement with Barclaycard Global Payment Acceptance.
Credit Acceptance Announces Tender Offer
GlobeNewswire - Wed Feb 26, 7:42AM CST
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today that we have commenced a tender offer to purchase up to 637,420 shares of our outstanding common stock at a price of $133.35 per share.
Downgrade Alert for Credit Acceptance (CACC)
Comtex SmarTrend(R) - Tue Feb 04, 7:09AM CST
Credit Acceptance (NASDAQ:CACC) was downgraded from Outperform to Market Perform at JMP Securities today. The stock closed yesterday at $133.40 on volume of 43,000 shares, above average daily volume of 31,000. Credit Acceptance Corporation provides funding, receivables management, collection, sales training, and related services to automobile dealers. The Company provides indirect financing for buyers with limited access to traditional sources of consumer credit. Credit Acceptance operates in North America, the United Kingdom, and Ireland.
Credit Acceptance Announces Fourth Quarter and Full Year 2013 Earnings
GlobeNewswire - Thu Jan 30, 3:00PM CST
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net income of $65.9 million, or $2.80 per diluted share, for the three months ended December 31, 2013 compared to consolidated net income of $59.9 million, or $2.40 per diluted share, for the same period in 2012. For the year ended December 31, 2013, consolidated net income was $253.1 million, or $10.54 per diluted share, compared to consolidated net income of $219.7 million, or $8.58 per diluted share, for the same period in 2012.
Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2013 Earnings Release and Webcast
GlobeNewswire - Thu Jan 23, 3:00PM CST
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 2013 earnings on Thursday, January 30, 2014, after the market closes.
Credit Acceptance Announces Redemption of Outstanding 9.125% First Priority Senior Secured Notes Due 2017
GlobeNewswire - Wed Jan 22, 3:40PM CST
Credit Acceptance Corporation ( NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today the redemption of all of the Company's 9.125% first priority senior secured notes due 2017 (the "2017 notes") in accordance with the terms of the indenture governing the 2017 notes. The Company provided an irrevocable notice to U.S. Bank National Association, the trustee of the 2017 notes, of its election to redeem all of the outstanding 2017 notes on February 21, 2014 (the date of such redemption, the "Redemption Date").
Credit Acceptance Announces Closing of $300 Million Senior Notes Offering
GlobeNewswire - Wed Jan 22, 3:30PM CST
Credit Acceptance Corporation ( NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today the closing of the Company's previously announced offering of $300 million of its 6.125% senior notes due 2021 (the "notes") in a private offering exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). We intend to use the net proceeds from the offering, together with borrowings under our revolving credit facility, to redeem in full the $350.0 million outstanding principal amount of our 9.125% first priority senior secured notes due 2017 (the "2017 notes") in accordance with the terms of the indenture governing the 2017 notes. Pending this application of the net proceeds from the offering, the net proceeds may be invested in short-term investments or applied to repay borrowings under our revolving credit facility without reducing the lenders' commitments thereunder.
Shares of CACC Up 22.6% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Tue Jan 21, 10:06AM CST
SmarTrend identified an Uptrend for Credit Acceptance (NASDAQ:CACC) on October 22nd, 2013 at $114.31. In approximately 3 months, Credit Acceptance has returned 22.59% as of today's recent price of $140.13.
Credit Acceptance Named on the 2014 FORTUNE 100 Best Companies to Work For List
GlobeNewswire - Fri Jan 17, 8:00AM CST
Credit Acceptance has been named as one of the 2014 FORTUNE 100 Best Companies to Work For(R). The list, now in its 17 year, recognizes companies that have exceptional workplace cultures. Credit Acceptance was ranked #52 in their first year as a Fortune 100 Best Company winner.
Credit Acceptance Announces Pricing of $300 Million Senior Notes Offering
GlobeNewswire - Thu Jan 16, 4:55PM CST
Credit Acceptance Corporation ( NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today it priced the $300 million of its 6.125% senior notes due 2021 (the "notes") in its previously-announced offering. The issue price is 100.000% of the principal amount of the notes. The closing of the sale of the notes is expected to occur on or about January 22, 2014, subject to customary closing conditions. We intend to use the net proceeds from the offering, together with borrowings under our revolving credit facility, to redeem in full the $350.0 million outstanding principal amount of our 9.125% first priority senior secured notes due 2017 (the "2017 notes") in accordance with the terms of the indenture governing the 2017 notes . Pending this application of the net proceeds from the offering, the net proceeds may be invested in short-term investments or applied to repay borrowings under our revolving credit facility without reducing the lenders' commitments thereunder.
Credit Acceptance Announces $300 Million Senior Notes Offering
GlobeNewswire - Thu Jan 16, 8:00AM CST
Credit Acceptance Corporation ( NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today that it plans to offer $300 million of senior notes due 2021 (the "notes"). We intend to use the net proceeds from the offering, together with borrowings under our revolving credit facility, to redeem in full the $350.0 million outstanding principal amount of our 9.125% first priority senior secured notes due 2017 (the "2017 notes") in accordance with the terms of the indenture governing the 2017 notes. Pending this application of the net proceeds from the offering, the net proceeds may be invested in short-term investments or applied to repay borrowings under our revolving credit facility without reducing the lenders' commitments thereunder.
17.5% Return Seen to Date on SmarTrend Credit Acceptance Call (CACC)
Comtex SmarTrend(R) - Mon Jan 13, 9:45AM CST
SmarTrend identified an Uptrend for Credit Acceptance (NASDAQ:CACC) on October 22nd, 2013 at $114.31. In approximately 3 months, Credit Acceptance has returned 17.47% as of today's recent price of $134.28.
Credit Acceptance Announces Completion of $197.8 Million Asset-Backed Financing
GlobeNewswire - Thu Oct 31, 3:00PM CDT
Credit Acceptance Corporation (NASDAQ: CACC) (the "Company", "Credit Acceptance", "we", "our", or "us") announced today the completion of a $197.8 million asset-backed non-recourse secured financing (the "Financing"). Pursuant to this transaction, we contributed loans having a net book value of approximately $250.1 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:
Credit Acceptance Announces Third Quarter 2013 Earnings
GlobeNewswire - Wed Oct 30, 3:00PM CDT
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net income of $65.1 million, or $2.75 per diluted share, for the three months ended September 30, 2013 compared to consolidated net income of $52.9 million, or $2.12 per diluted share, for the same period in 2012. For the nine months ended September 30, 2013, consolidated net income was $187.2 million, or $7.78 per diluted share, compared to consolidated net income of $159.8 million, or $6.22 per diluted share, for the same period in 2012.
3 Finance Stocks Poised to Beat Earnings Estimates - Earnings ESP
Zacks Equity Research - Zacks Investment Research - Fri Oct 25, 10:44AM CDT
Standing out as the most liquid market in the world, the U.S. financial sector promises high growth.
Credit Acceptance Announces Timing of Third Quarter 2013 Earnings Release and Webcast
GlobeNewswire - Wed Oct 23, 3:01PM CDT
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 third quarter 2013 earnings on Wednesday, October 30, 2013, after the market closes.
Credit Acceptance Announces Second Quarter 2013 Earnings
GlobeNewswire - Tue Jul 30, 3:00PM CDT
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net income of $61.5 million, or $2.56 per diluted share, for the three months ended June 30, 2013 compared to consolidated net income of $56.6 million, or $2.18 per diluted share, for the same period in 2012. For the six months ended June 30, 2013, consolidated net income was $122.1 million, or $5.04 per diluted share, compared to consolidated net income of $106.9 million, or $4.10 per diluted share, for the same period in 2012.
Credit Acceptance Announces Timing of Second Quarter 2013 Earnings Release and Webcast
GlobeNewswire - Tue Jul 23, 3:00PM CDT
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 second quarter 2013 earnings on Tuesday, July 30, 2013, after the market closes.
Nasdaq stocks posting largest percentage decreases
AP - Fri Jun 21, 12:17PM CDT
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at 1 p.m.:
Credit Acceptance Announces Extension of Revolving Secured Line of Credit Facility
GlobeNewswire - Thu Jun 20, 3:00PM CDT
Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") announced today that we have extended the maturity of our credit facility with a commercial bank syndicate from June 22, 2015 to June 23, 2016.
DFS-Barclaycard Form Alliance - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jun 06, 9:55PM CDT
Diners Club International - a unit of Discover Financial - announced an agreement with Barclaycard Global Payment Acceptance.
