CACC Stock Tanks 8% as Q3 Earnings Lag on Higher Provisions [Yahoo! Finance]
Credit Acceptance Corporation (CACC)
Last credit acceptance corporation earnings: 1/30 04:02 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.creditacceptance.com/investor-relations
Company Research
Source: Yahoo! Finance
Earnings per share of $6.95 lagged the Zacks Consensus Estimate of $7.88 by a considerable margin. However, the bottom line grew 16.9% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Results were adversely impacted by higher operating expenses and provisions. Improvements in GAAP revenues and consumer loan assignment volumes were positive. Excluding the non-recurring items, adjusted net income was $109.1 million or $8.79 per share, down from $139.5 million or $10.70 per share in the prior-year quarter. Total GAAP revenues were $550.3 million, up 15% year over year. Increased finance charges and premiums earned supported revenue growth. The top line beat the Zacks Consensus Estimate of $542 million. Provision for credit losses was $184.7 million, stable year over year. Operating expenses of $129.4 million increased 17.1%. As of Sept. 30, 2024, net loans receivables were $7.78 billion, up 11.9% from December 2023-end. Total assets
Show less
Read more
Impact Snapshot
Event Time:
CACC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CACC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CACC alerts
High impacting Credit Acceptance Corporation news events
Weekly update
A roundup of the hottest topics
CACC
News
- Credit Acceptance Announces Completion of $300.0 Million Asset-Backed FinancingGlobeNewswire
- Credit Acceptance Celebrates its 10th Year as a Best Place to Work in IT by Computerworld [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Celebrates its 10th Year as a Best Place to Work in IT by ComputerworldGlobeNewswire
- Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse Facility [Yahoo! Finance]Yahoo! Finance
- Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse FacilityGlobeNewswire
CACC
Earnings
- 10/30/24 - Miss
CACC
Sec Filings
- 12/19/24 - Form 4
- 12/17/24 - Form 144
- 12/10/24 - Form 8-K
- CACC's page on the SEC website