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Credit Acceptance Corp
As of May 30, 2026 at 24:05 UTC
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About Credit Acceptance Corp
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.
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Latest News
5 articlesInvestment manager Thomas W. Smith reduced his position in Yelp by 96,280 shares during the fourth quarter, with the stake's value declining by $4.09 million. The remaining position now represents only 0.22% of the fund's assets under management. Yelp's stock has underperformed significantly, down 45.7% over the past year.
Credit Acceptance Corporation announced that it will release its fourth quarter 2025 earnings on January 29, 2026, after market close, followed by a webcast at 5:00 p.m. Eastern Time. The company will discuss results through both telephone and webcast access, with registration required for telephone participation.
Credit Acceptance Corporation has been named to the 2024 list of Top Workplaces for Remote Work, ranking #2 out of 54 companies in the 500-plus employee-size category. The company's remote-first policy, strong culture, and recognition as a top workplace have contributed to this achievement.
Credit Acceptance Corporation, a provider of innovative financing solutions for automobile dealers, has completed a $600.0 million asset-backed non-recourse secured financing. The financing will be used to repay outstanding indebtedness and for general corporate purposes.
