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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
CEO
Brett A. Roberts
Employees
Incorporated
Location
Fiscal year end
Former names
CREDIT ACCEPTANCE CORPORATION
SEC CIK
IRS number
381999511

CACC stock data

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Calendar

12 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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

Beta Read what these cash burn values mean

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

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 Prev Q Change
Total holders 208 200 +4.0%
Opened positions 39 35 +11.4%
Closed positions 31 34 -8.8%
Increased positions 63 58 +8.6%
Reduced positions 68 68
13F shares
Current Prev Q Change
Total value 4.19B 9.93B -57.8%
Total shares 12.11M 12.59M -3.8%
Total puts 320.9K 510.7K -37.2%
Total calls 215K 246.7K -12.8%
Total put/call ratio 1.5 2.1 -27.9%
Largest owners
Shares Value Change
Prescott General Partners 1.74M $601.85M 0.0%
Ruane, Cunniff & Goldfarb 1.6M $554.7M +24.1%
PFG Principal Financial Group Inc - Registered Shares 1.08M $374.18M -11.0%
Wellington Management 896.41K $310.28M +28.2%
Vanguard 886.93K $307M +1.4%
Gobi Capital 603.55K $208.91M +5.8%
BLK Blackrock 456.4K $157.98M +2.7%
Brave Warrior Advisors 455.36K $157.62M +221.1%
Beck Mack & Oliver 315.68K $109.27M -0.9%
BloombergSen 293.86K $101.72M -17.4%
Largest transactions
Shares Bought/sold Change
Vulcan Value Partners 0 -1.59M EXIT
Brave Warrior Advisors 455.36K +313.57K +221.1%
Ruane, Cunniff & Goldfarb 1.6M +311.24K +24.1%
Kize Capital 204.37K +204.37K NEW
Wellington Management 896.41K +197.2K +28.2%
PFG Principal Financial Group Inc - Registered Shares 1.08M -133.57K -11.0%
Norges Bank 91.18K +91.18K NEW
BloombergSen 293.86K -62.08K -17.4%
MS Morgan Stanley 54.91K +44.59K +432.1%
Goodnow Investment 84.24K -44.18K -34.4%

Financial report summary

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Competition
Atlanticus
Management 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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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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