Credit Acceptance (CACC) Tops Q1 EPS by $1.72, Revenues Beat
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Credit Acceptance Announces First Quarter 2021 Results
April 29, 2021 4:01 PM EDTSouthfield, Michigan, April 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) today announced consolidated net income of $202.1 million, or $11.82 per diluted share, for the three months ended March 31, 2021 compared to a consolidated net loss of $83.8 million, or $4.61 per diluted share, for the same period in 2020.
Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2021 was $164.8 million, or $9.64 per diluted share, compared to $175.7 million, or $9.66 per diluted share, for the same period in 2020.
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