Credit Acceptance CorpCACC
What Credit Acceptance Corp does.
Credit Acceptance Corporation (referred to as the “Company”, “Credit Acceptance”, “we”, “our” or “us”) makes vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers, regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.
Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing.
Credit Acceptance was founded in 1972 to collect retail installment contracts (referred to as “Consumer Loans”) originated by automobile dealerships owned by Donald Foss, our founder. During the 1980s, we began to market this service to non-affiliated dealers and, at the same time, began to offer dealers a non-recourse cash payment (referred to as an “advance”) against anticipated future collections on Consumer Loans serviced for that dealer.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | $1.8B | $1.9B | $2.2B | $2.3B |
| Net income | $421.0M | $958.3M | $535.8M | $286.1M | $247.9M | $423.9M |
| Free cash flow | $976.7M | $1.1B | $1.2B | $1.2B | $1.1B | $1.1B |
More on CACC.
- Credit Acceptance Corp summary
- Credit Acceptance Corp financial statements
- Credit Acceptance Corp key metrics
- Credit Acceptance Corp health scores and style box
- Credit Acceptance Corp earnings
- Credit Acceptance Corp dividends
- Credit Acceptance Corp valuation
- Credit Acceptance Corp ownership and insiders
- Credit Acceptance Corp peers
Figures from Credit Acceptance Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.