CACC Credit Acceptance
Credit Acceptance Corp. engages in the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. Its financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers. The company was founded by Donald A. Foss in 1972 and is headquartered in Southfield, MI.
Company profile
Ticker
CACC
Exchange
Website
CEO
Brett A. Roberts
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
CREDIT ACCEPTANCE CORPORATION
SEC CIK
Corporate docs
IRS number
381999511
CACC stock data
()
News
12 Financials Stocks Moving In Thursday's Intraday Session
11 Mar 21
Recap: Credit Acceptance Q4 Earnings
1 Feb 21
Credit Acceptance Q4 EPS $10.75 Beats $7.21 Estimate
1 Feb 21
Earnings Scheduled For February 1, 2021
1 Feb 21
Who Are The GameStop Winners? Ryan Cohen, 'Roaring Kitty' And Others Who've Made A Fortune
28 Jan 21
Press releases
Credit Acceptance Named to the 2021 Best Workplaces in Financial Services & Insurance List for the Seventh Year in a Row
29 Mar 21
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC
24 Mar 21
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC
21 Mar 21
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC
18 Mar 21
Credit Acceptance Announces Completion of $500.0 Million Asset-Backed Financing
18 Feb 21
Calendar
12 Feb 21
13 Apr 21
31 Dec 21
Financial summary
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Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 396.2M | 396.2M | 396.2M | 396.2M | 396.2M | 396.2M |
| Cash burn (monthly) | 1.53M | 10.13M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 5.3M | 34.98M | n/a | n/a | n/a | n/a |
| Cash remaining | 390.9M | 361.22M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 254.9 | 35.7 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 Mar 21 | Kenneth Booth | Common Stock | Sell | Dispose S | No | No | 425.35 | 2,500 | 1.06M | 23,512 |
| 1 Mar 21 | Brett A Roberts | Common Stock | Payment of exercise | Dispose F | No | No | 378.48 | 4,910 | 1.86M | 451,101 |
| 29 Jan 21 | Flanagan Glenda J | Common Stock | Grant | Aquire A | No | No | 0 | 300 | 0 | 4,600 |
| 29 Jan 21 | Brett A Roberts | Common Stock | Grant | Aquire A | No | No | 0 | 40,000 | 0 | 456,011 |
| 29 Jan 21 | Noah Kotch | Common Stock | Payment of exercise | Dispose F | No | No | 385.77 | 64 | 24.69K | 3,711 |
| 29 Jan 21 | Noah Kotch | Common Stock | Grant | Aquire A | No | No | 0 | 1,475 | 0 | 3,775 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
72.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 208 |
| Opened positions | 39 |
| Closed positions | 31 |
| Increased positions | 63 |
| Reduced positions | 68 |
13F shares |
Current |
|---|---|
| Total value | 4.19B |
| Total shares | 12.11M |
| Total puts | 320.9K |
| Total calls | 215K |
| Total put/call ratio | 1.5 |
Largest owners |
Shares | Value |
|---|---|---|
| Prescott General Partners | 1.74M | $601.85M |
| Ruane, Cunniff & Goldfarb | 1.6M | $554.7M |
| PFG Principal Financial Group Inc - Registered Shares | 1.08M | $374.18M |
| Wellington Management | 896.41K | $310.28M |
| Vanguard | 886.93K | $307M |
| Gobi Capital | 603.55K | $208.91M |
| BLK Blackrock | 456.4K | $157.98M |
| Brave Warrior Advisors | 455.36K | $157.62M |
| Beck Mack & Oliver | 315.68K | $109.27M |
| BloombergSen | 293.86K | $101.72M |
Financial report summary
?Competition
AtlanticusManagement Discussion
- ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- We offer financing programs 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.
- For the year ended December 31, 2020, consolidated net income was $421.0 million, or $23.47 per diluted share, compared to $656.1 million, or $34.57 per diluted share, for the same period in 2019 and $574.0 million, or $29.39 per diluted share, for the same period in 2018. The decrease in 2020 consolidated net income was primarily due to an increase in our provision for credit losses primarily due to our adoption of CECL on January 1, 2020. The growth in 2019 consolidated net income was primarily due to an increase in the average balance of our Loan portfolio.
Content analysis
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H.S. freshman Good
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New words:
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Removed:
accreted, adjournment, aggregating, Appeal, attempted, awarded, brought, calculation, Central, commencement, defining, dismissed, dismissing, distinction, earlier, employee, extraordinary, faster, favor, grouped, incorporate, investigating, mix, monopolize, necessarily, nonaccretable, nonbank, Nowcom, officially, older, ordering, originator, prejudice, proposal, prospectively, published, recommendation, refine, Register, relied, restructured, retrospective, revalue, revision, routine, seldom, Sherman, stream, supervise, transferred, transferring, trebled, unamortized, undiscounted, unfavorable, unprofitable, violated, voted, Western, Westlake
Financial reports
10-K
2020 FY
Annual report
12 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
30 Jul 20
10-Q
2020 Q1
Quarterly report
27 May 20
10-K
2019 FY
Annual report
10 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
30 Jul 19
10-Q
2019 Q1
Quarterly report
29 Apr 19
10-K
2018 FY
Annual report
8 Feb 19
10-Q
2018 Q3
Quarterly report
29 Oct 18
Current reports
8-K
Regulation FD Disclosure
7 Apr 21
8-K
Credit Acceptance Announces Completion of
24 Feb 21
8-K
Credit Acceptance Announces Completion of
4 Feb 21
8-K
Results of Operations and Financial Condition
1 Feb 21
8-K
Entry into a Material Definitive Agreement
18 Dec 20
8-K
Results of Operations and Financial Condition
29 Oct 20
8-K
Credit Acceptance Announces Completion of
27 Oct 20
8-K
Other Events
7 Oct 20
8-K
Other Events
2 Sep 20
8-K
Other Events
13 Aug 20
Registration and prospectus
SC TO-I/A
Issuer tender offer statement (amended)
23 Oct 14
SC TO-I/A
Issuer tender offer statement (amended)
20 Oct 14
SC TO-I
Issuer tender offer statement
18 Sep 14
SC TO-I/A
Issuer tender offer statement (amended)
16 Jun 14
SC TO-I/A
Issuer tender offer statement (amended)
8 Jun 14
SC TO-I/A
Issuer tender offer statement (amended)
4 Jun 14
SC TO-I
Issuer tender offer statement
15 May 14
SC TO-I/A
Issuer tender offer statement (amended)
26 Mar 14
SC TO-I/A
Issuer tender offer statement (amended)
17 Mar 14
SC TO-I
Issuer tender offer statement
25 Feb 14
Proxies
DEFA14A
Additional proxy soliciting materials
2 Jul 20
DEFA14A
Additional proxy soliciting materials
4 Jun 20
DEF 14A
Definitive proxy
4 Jun 20
DEFA14A
Additional proxy soliciting materials
25 Apr 19
DEF 14A
Definitive proxy
25 Apr 19
DEFA14A
Additional proxy soliciting materials
26 Apr 18
DEF 14A
Definitive proxy
26 Apr 18
DEF 14A
Definitive proxy
26 Apr 17
DEFA14A
Additional proxy soliciting materials
26 Apr 17
DEFA14A
Additional proxy soliciting materials
28 Apr 16
Other
UPLOAD
Letter from SEC
8 Feb 21
CORRESP
Correspondence with SEC
22 Dec 20
UPLOAD
Letter from SEC
8 Dec 20
UPLOAD
Letter from SEC
23 Apr 17
CORRESP
Correspondence with SEC
4 Apr 17
UPLOAD
Letter from SEC
8 Mar 17
UPLOAD
Letter from SEC
13 Jul 16
CORRESP
Correspondence with SEC
12 May 16
UPLOAD
Letter from SEC
28 Apr 16
CORRESP
Correspondence with SEC
20 Mar 16
Ownership
4
CREDIT ACCEPTANCE / Kenneth Booth ownership change
10 Mar 21
4
CREDIT ACCEPTANCE / BRETT A ROBERTS ownership change
3 Mar 21
SC 13G
CREDIT ACCEPTANCE / PRINCIPAL GLOBAL INVESTORS ownership change
16 Feb 21
SC 13G/A
CREDIT ACCEPTANCE / Ruane, Cunniff & Goldfarb ownership change
15 Feb 21
SC 13G/A
CREDIT ACCEPTANCE / Donald A. Foss 2009 Annuity Trust ownership change
12 Feb 21
SC 13G/A
CREDIT ACCEPTANCE / FOSS DONALD A ownership change
12 Feb 21
SC 13G/A
CREDIT ACCEPTANCE / VANGUARD ownership change
10 Feb 21
SC 13G
CREDIT ACCEPTANCE / WELLINGTON MANAGEMENT ownership change
4 Feb 21
4
CREDIT ACCEPTANCE / NOAH KOTCH ownership change
2 Feb 21
4
CREDIT ACCEPTANCE / JONATHAN LUM ownership change
2 Feb 21
Transcripts
2020 Q4
Earnings call transcript
2 Feb 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
1 Aug 20
2020 Q1
Earnings call transcript
27 May 20
2019 Q4
Earnings call transcript
30 Jan 20
2019 Q3
Earnings call transcript
4 Nov 19
2019 Q2
Earnings call transcript
30 Jul 19
2019 Q1
Earnings call transcript
29 Apr 19
2018 Q4
Earnings call transcript
30 Jan 19
2018 Q3
Earnings call transcript
29 Oct 18
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