Credit Acceptance: Q1 Earnings Snapshot
SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Credit Acceptance Corp. (CACC) on Wednesday reported first-quarter earnings of $106.3 million.
The Southfield, Michigan-based company said it had profit of $8.66 per share.
The auto financing company posted revenue of $571.1 million in the period.
Credit Acceptance shares have increased almost 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $487.42, a decrease of 5% in the last 12 months.
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