Credit Acceptance Corporation

NasdaqGS CACC

Credit Acceptance Corporation Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2024: 81.62%

Credit Acceptance Corporation Gross Profit Margin is 81.62% for the Trailing 12 Months (TTM) ending September 30, 2024, a 20.55% change year over year. Gross Profit Ratio is the ratio of gross profit to net sales, indicating the percentage of revenue that exceeds the cost of goods sold and reflects the efficiency of a company in managing its production or procurement and sales.

Credit Acceptance Corporation Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2023 was 67.71%, a -8.39% change year over year.
Credit Acceptance Corporation Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2022 was 73.91%, a -5.20% change year over year.
Credit Acceptance Corporation Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2021 was 77.97%, a 4.83% change year over year.
Credit Acceptance Corporation Gross Profit Margin for the Trailing 12 Months (TTM) ending September 30, 2020 was 74.37%, a 1.55% change year over year.

Key data

Date	Gross Profit Margin	Operating Income Margin	EBT Margin	Net Income Margin

NasdaqGS: CACC

Credit Acceptance Corporation

CEO	Mr. Kenneth S. Booth
IPO Date	June 5, 1992
Location	United States
Headquarters	25505 West Twelve Mile Road
Employees	2,232
Sector	Consumer Discretionary
Industries Automobiles & Vehicles Banking & Lending

Description

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was founded in 1972 and is headquartered in Southfield, Michigan.

Key trends

Past 5 years