Credit Acceptance (CACC) Tops Q3 EPS by $1.82

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Credit Acceptance Announces Third Quarter 2021 Results

November 1, 2021 4:01 PM EDT

Southfield, Michigan, Nov. 01, 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 $250.0 million, or $15.79 per diluted share, for the three months ended September 30, 2021 compared to consolidated net income of $242.1 million, or $13.56 per diluted share, for the same period in 2020. For the nine months ended September 30, 2021, consolidated net income was $740.7 million, or $44.73 per diluted share, compared to consolidated net income of $254.7 million, or $14.17 per diluted share, for the same period in 2020.

Adjusted net income, a non-GAAP financial... More