Credit Acceptance Corporation (CACC)
Credit Acceptance Corporation operates in the Financial - Credit Services industry of the Financial Services sector, headquartered in Southfield, MI, US. The stock last traded at $577.25, up 0.88% on the session, giving a market capitalisation of $6.04B. On trailing twelve-month figures it carries a trailing P/E of 12.44, a net margin of 21.6%. Its beta of 1.35 implies it has historically moved more than the broad market.
Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. It advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. The company is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. It serves independent and franchised automobile dealers. The company was founded in 1972 and is headquartered in Southfield, Michigan.
Credit Acceptance Corporation is most often compared with the following Financial Services names: