CREDIT ACCEPTANCE


Associated tags: Credit Acceptance, News, Credit, Consumer, Consumer Financial Protection Bureau, CACC

Locations: UNITED STATES, DETROIT, SOUTHFIELD, MI, US, MICHIGAN

Credit Acceptance Announces Timing of First Quarter 2024 Earnings Release and Webcast

Retrieved on: 
Tuesday, April 23, 2024

Southfield, Michigan, April 23, 2024 (GLOBE NEWSWIRE) -- 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 first quarter 2024 earnings on Tuesday, April 30, 2024, after the market closes.

Key Points: 
  • Southfield, Michigan, April 23, 2024 (GLOBE NEWSWIRE) -- 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 first quarter 2024 earnings on Tuesday, April 30, 2024, after the market closes.
  • A webcast is scheduled for Tuesday, April 30, 2024, at 5:00 p.m. Eastern Time to discuss first quarter 2024 earnings.
  • Conference Call and Webcast Information:
    Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast.
  • Upon registering you will be provided with the dial-in number and a unique PIN to access the webcast by telephone.

Credit Acceptance Celebrates 10th Year on Fortune's 100 Best Companies to Work For® List

Retrieved on: 
Thursday, April 4, 2024

Southfield, Michigan, April 04, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the 100 Best Companies to Work For® by Fortune for the tenth time.

Key Points: 
  • Southfield, Michigan, April 04, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the 100 Best Companies to Work For® by Fortune for the tenth time.
  • With a ranking of #39 this year, the Company's longstanding presence on the list reinforces the strength of our culture.
  • “Credit Acceptance is focused on creating and sustaining an inclusive and caring workplace environment where our team can thrive.
  • Other workplace accolades we have received from Fortune include Best Workplace for Financial Services and Insurance™, Best Workplace for Millennials™, and Best Workplace for Women™.

Credit Acceptance Announces Completion of $500.0 Million Asset-Backed Financing

Retrieved on: 
Thursday, March 28, 2024

The Financing is structured so as not to affect our contractual relationships with dealers and to preserve the dealers’ rights to future payments of dealer holdback.

Key Points: 
  • The Financing is structured so as not to affect our contractual relationships with dealers and to preserve the dealers’ rights to future payments of dealer holdback.
  • We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history.
  • Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.
  • Credit Acceptance is publicly traded on the Nasdaq stock market under the symbol CACC.

Credit Acceptance Named 2024 Top Workplaces USA Award Winner

Retrieved on: 
Wednesday, March 20, 2024

Southfield, Michigan, March 20, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a Top Workplaces USA Award winner for the fourth consecutive year.

Key Points: 
  • Southfield, Michigan, March 20, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a Top Workplaces USA Award winner for the fourth consecutive year.
  • “Our team members are proof that an empowering work environment drives excellence across the organization, including tremendous growth over our 52-year history” said Ken Booth, Chief Executive Officer, Credit Acceptance.
  • “This award is a recognition of our ongoing commitment to changing lives and making Credit Acceptance a great place to work.”
    Remote work practices are critical to maintaining this environment.
  • The Top Workplaces USA Awards are based on feedback from Credit Acceptance team members through anonymous surveys.

Credit Acceptance Announces Completion of $200.0 Million Asset-Backed Financing

Retrieved on: 
Tuesday, February 27, 2024

The Financing is structured so as not to affect our contractual relationships with dealers and to preserve the dealers’ rights to future payments of dealer holdback.

Key Points: 
  • The Financing is structured so as not to affect our contractual relationships with dealers and to preserve the dealers’ rights to future payments of dealer holdback.
  • Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
  • Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.
  • Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.

Credit Acceptance Announces Extension of $100.0 Million Asset-Backed Financing

Retrieved on: 
Friday, February 16, 2024

Southfield, Michigan, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have extended the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 (the “Financing”) and to which we refer as Term ABS 2021-1.

Key Points: 
  • Southfield, Michigan, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have extended the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 (the “Financing”) and to which we refer as Term ABS 2021-1.
  • Under the amendment effecting the extension, the date on which the Financing will cease to revolve has been extended from December 16, 2024 to February 17, 2026.
  • Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
  • Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.

Credit Acceptance Promotes Jay Martin to Chief Financial Officer

Retrieved on: 
Thursday, January 25, 2024

Southfield, Michigan, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the promotion of Jay Martin to Chief Financial Officer, effective January 23, 2024.

Key Points: 
  • Southfield, Michigan, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the promotion of Jay Martin to Chief Financial Officer, effective January 23, 2024.
  • Since joining Credit Acceptance in 2003, Mr. Martin has been successful in a variety of increasingly challenging roles throughout his tenure, including his most recent role as Senior Vice President, Finance and Accounting.
  • Mr. Martin will continue to lead our Finance department together with Doug Busk, Chief Treasury Officer.
  • He has always viewed the Company’s financial performance and analysis through a strategic lens while developing high-performing teams,” said Mr. Booth.

Credit Acceptance Announces Timing of Fourth Quarter 2023 Earnings Release and Webcast

Retrieved on: 
Wednesday, January 24, 2024

Southfield, Michigan, Jan. 24, 2024 (GLOBE NEWSWIRE) -- 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 2023 earnings on Wednesday, January 31, 2024, after the market closes.

Key Points: 
  • Southfield, Michigan, Jan. 24, 2024 (GLOBE NEWSWIRE) -- 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 2023 earnings on Wednesday, January 31, 2024, after the market closes.
  • A webcast is scheduled for Wednesday, January 31, 2024, at 5:00 p.m. Eastern Time to discuss fourth quarter 2023 earnings.
  • Conference Call and Webcast Information:
    Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast.
  • Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.

Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility

Retrieved on: 
Friday, December 29, 2023

Southfield, Michigan, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $300.0 million revolving secured warehouse facility will cease to revolve from May 20, 2025 to December 29, 2026.

Key Points: 
  • Southfield, Michigan, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $300.0 million revolving secured warehouse facility will cease to revolve from May 20, 2025 to December 29, 2026.
  • There were no other material changes to the terms of the facility.
  • Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
  • Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.