credit acceptance (nasdaq: cacc) is a 1,300+ employee, michigan-based indirect finance company with 2014 operating revenues of $723m. founded in 1972, credit acceptance works with car dealers nationwide to enable them to sell vehicles to customers on credit, regardless of their credit history. the company’s motto, “we change lives!” speaks to team members’ pride in their ability to make a difference in the lives of dealers and customers alike. we offer a great work environment, awesome team members, competitive benefits, progressive career opportunities, a casual dress code and we work hard to ensure every team member is empowered to work to their fullest potential. if you align with our values and demonstrate pride (positive, respectful, insightful, direct and earnest) in your work, we would love to hear from you!

Company profile
Ticker
CACC
Exchange
Website
CEO
Kenneth S. Booth
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
CREDIT ACCEPTANCE CORPORATION
SEC CIK
Corporate docs
Subsidiaries
Buyers Vehicle Protection Plan, Inc • CAC International Holdings, LLC • CAC of Canada Company • CAC Reinsurance, Ltd. • CAC Warehouse Funding LLC • Credit Acceptance Funding LLC • Chapter 4 Properties, LLC • Vehicle Remarketing Services, Inc. • VSC Re Company ...
IRS number
381999511
CACC stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
26 Sep 23
8-K
Credit Acceptance Announces Completion of $400.0 Million Asset-backed Financing
30 Aug 23
8-K
Other Events
24 Aug 23
8-K
Entry into a Material Definitive Agreement
9 Aug 23
8-K
Other Events
8 Aug 23
S-8
Registration of securities for employees
1 Aug 23
10-Q
2023 Q2
Quarterly report
1 Aug 23
8-K
Results of Operations and Financial Condition
1 Aug 23
8-K/A
Submission of Matters to a Vote of Security Holders
6 Jul 23
8-K
Entry into a Material Definitive Agreement
28 Jun 23
Transcripts
CACC
Earnings call transcript
2023 Q2
1 Aug 23
CACC
Earnings call transcript
2023 Q1
1 May 23
CACC
Earnings call transcript
2022 Q4
31 Jan 23
CACC
Earnings call transcript
2022 Q3
2 Nov 22
CACC
Earnings call transcript
2022 Q2
2 Aug 22
CACC
Earnings call transcript
2022 Q1
3 May 22
CACC
Earnings call transcript
2021 Q4
1 Feb 22
CACC
Earnings call transcript
2021 Q3
1 Nov 21
CACC
Earnings call transcript
2021 Q2
30 Jul 21
CACC
Earnings call transcript
2021 Q1
29 Apr 21
Latest ownership filings
SC 13G
Neary John P
21 Sep 23
SC 13G/A
Neary John P
21 Sep 23
SC 13D/A
Donald A. Foss 2009 Annuity Trust
21 Sep 23
4
THOMAS W SMITH
8 Sep 23
4
Glenda J Flanagan
24 Aug 23
4
SCOTT J VASSALLUZZO
24 Aug 23
4
THOMAS N TRYFOROS
24 Aug 23
4
Change in insider ownership
16 Aug 23
3
Nicholas J Elliott
14 Aug 23
4
Change in insider ownership
11 Aug 23
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 412.00 mm | 412.00 mm | 412.00 mm | 412.00 mm | 412.00 mm | 412.00 mm |
Cash burn (monthly) | 25.37 mm | 1.57 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 75.05 mm | 4.64 mm | n/a | n/a | n/a | n/a |
Cash remaining | 336.95 mm | 407.36 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 13.3 | 260.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
97.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 221 |
Opened positions | 31 |
Closed positions | 40 |
Increased positions | 59 |
Reduced positions | 72 |
13F shares | Current |
---|---|
Total value | 4.18 tn |
Total shares | 12.45 mm |
Total puts | 228.00 k |
Total calls | 137.00 k |
Total put/call ratio | 1.7 |
Largest owners | Shares | Value |
---|---|---|
Ruane, Cunniff & Goldfarb | 1.57 mm | $0.00 |
Prescott General Partners | 1.56 mm | $792.38 bn |
Donald A. Foss 2009 Annuity Trust | 1.45 mm | $0.00 |
Watson Jill Foss | 962.82 k | $542.17 mm |
Cerity Partners | 887.22 k | $450.65 bn |
Ruane, Cunniff & Goldfarb | 788.45 k | $400.47 bn |
Wellington Management | 600.21 k | $304.87 bn |
Vanguard | 587.53 k | $298.42 bn |
Gobi Capital | 474.93 k | $241.23 bn |
Beck Mack & Oliver | 325.35 k | $165.26 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Sep 23 | Smith Thomas W | Common Stock | Sell | Dispose S | Yes | No | 494.7141 | 400 | 197.89 k | 75,650 |
22 Aug 23 | Thomas N Tryforos | Common Stock | Grant | Acquire A | No | No | 0 | 423 | 0.00 | 423 |
22 Aug 23 | Vassalluzzo Scott J | Common Stock | Grant | Acquire A | No | No | 0 | 423 | 0.00 | 64,548 |
22 Aug 23 | Flanagan Glenda J | Common Stock | Grant | Acquire A | No | No | 0 | 100 | 0.00 | 6,201 |
15 Aug 23 | Donald A. Foss Irrevocable Trust Dated August 14, 2022 | Common Stock | Sell | Dispose S | No | No | 489.19 | 112 | 54.79 k | 1,280,757 |
15 Aug 23 | Donald A. Foss Irrevocable Trust Dated August 14, 2022 | Common Stock | Sell | Dispose S | No | No | 487.79 | 145 | 70.73 k | 1,280,869 |
15 Aug 23 | Donald A. Foss Irrevocable Trust Dated August 14, 2022 | Common Stock | Sell | Dispose S | No | No | 486.51 | 53 | 25.79 k | 1,281,014 |
15 Aug 23 | Donald A. Foss Irrevocable Trust Dated August 14, 2022 | Common Stock | Sell | Dispose S | No | No | 485.31 | 1,810 | 878.41 k | 1,281,067 |
15 Aug 23 | Donald A. Foss Irrevocable Trust Dated August 14, 2022 | Common Stock | Sell | Dispose S | No | No | 484.45 | 2,251 | 1.09 mm | 1,282,877 |
15 Aug 23 | Donald A. Foss Irrevocable Trust Dated August 14, 2022 | Common Stock | Sell | Dispose S | No | No | 483.65 | 1,294 | 625.84 k | 1,285,128 |
News
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility From September 30, 2024 To September 30, 2026
4 Aug 23
Why Exact Sciences Shares Are Trading Lower By Over 9%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
2 Aug 23
Credit Acceptance Q2 Adj EPS $10.69 Beats $8.18 Estimate, Sales $477.90M Beat $463.86M Estimate
1 Aug 23
Earnings Scheduled For August 1, 2023
1 Aug 23
Top 5 Financial Stocks That May Crash This Quarter
21 Jul 23
Press releases
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility
21 Sep 23
Credit Acceptance Named One of the Fortune 2023 Best Workplaces in Financial Services & Insurance™
12 Sep 23
Credit Acceptance Announces Completion of $400.0 Million Asset-Backed Financing
24 Aug 23
Credit Acceptance Again Listed on PEOPLE Magazine 100 Companies that Care®
23 Aug 23
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility
4 Aug 23