Credit Acceptance (NASDAQ:CACC) is set to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Credit Acceptance to post earnings of $7.93 per share for the quarter.
Credit Acceptance (NASDAQ:CACC) last posted its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $7.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $7.45 by $0.40. The business had revenue of $342.80 million for the quarter, compared to the consensus estimate of $338.73 million. Credit Acceptance had a return on equity of 29.89% and a net margin of 44.64%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.16 EPS. On average, analysts expect Credit Acceptance to post $34 EPS for the current fiscal year and $37 EPS for the next fiscal year.
Credit Acceptance stock traded up $10.28 during trading hours on Tuesday, hitting $481.30. 24,046 shares of the stock traded hands, compared to its average volume of 81,301. The company has a debt-to-equity ratio of 1.83, a quick ratio of 17.07 and a current ratio of 17.07. The company has a market cap of $8.84 billion, a PE ratio of 16.95, a PEG ratio of 0.87 and a beta of 0.68. Credit Acceptance has a 1 year low of $299.00 and a 1 year high of $472.18.
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Credit Acceptance Company Profile
Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers.
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