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Credit Acceptance Corporation (NASDAQ:CACC)
505.29 USD
+1.300 0.258%Sponsored Reports
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| Previous Close (in USD) | 503.99 |
|---|---|
| Change | +1.300 0.258% |
| 52 W H/L (in USD) | 616.660/379.770 |
| EBITDA (in USD) | -- |
| PE Ratio | 24.76 |
| Volume | 222776 |
| Diluted Eps TTM | 19.62 |
| Total Assets (in USD) | 7610.2M |
|---|---|
| Total Liabilities (in USD) | 5856.5M |
| Revenue TTM (in USD) | 866.7M |
| Cash (in USD) | 13.2M |
| Market Cap (in USD) | 5,882.555 M |
| Revenue Per Share TTM | 67.662 |
| Gross Profit TTM (in USD) | 1138M |
Summary
Income Statement
Balance Sheet
Change in Cash
Operating Cash
Credit Acceptance Corporation
Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company 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. 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 serves independent and franchised automobile dealers. Credit Acceptance Corporation was incorporated in 1972 and is headquartered in Southfield, Michigan.
25505 West Twelve Mile Road, Southfield, MI, United States, 48034-8339
248 353 2700
Employees: 2232
Key Executives
| Sr. No. | Name | Title | Year Born |
|---|---|---|---|
| 1. | Mr. Kenneth S. Booth | CEO, Pres & Director | 1967 |
| 2. | Mr. Daniel A. Ulatowski | Chief Sales Officer | 1972 |
| 3. | Mr. Arthur L. Smith | Chief Analytics Officer | 1973 |
| 4. | Mr. Douglas W. Busk | Chief Treasury Officer | 1960 |
| 5. | Mr. Jonathan L. Lum | Chief Operating Officer | 1977 |
| 6. | Mr. Jay D. Martin | Sr. VP of Accounting & Financial Reporting and Principal Accounting Officer | 1974 |
| 7. | Mr. Ravi Mohan | Chief Technology Officer | NA |
| 8. | Mr. Noah Kotch | Chief Information Officer | 1970 |
| 9. | Ms. Erin J. Kerber | Chief Legal Officer & Corp. Sec. | 1979 |
| 10. | Mr. Andrew Rostami | Chief Marketing & Product Officer | NA |
Peers
Sector: Financial Services
Industry: Credit Services
| Company | Change (USD) | Price (USD) | Trailing PE(x) | Forward PE(x) | Price Sales TTM(x) | Price to Book Value(x) | Enterprise Value to Revenue(x) | Enterprise Value to EBITDA(x) |
|
V
Visa Inc. Class A |
-0.695 0.204% | 338.95 | 31.250 | 25.974 | 16.183 | 13.642 | 16.193 | 23.371 |
|
MA
Mastercard Inc |
-2.445 0.454% | 536.935 | 37.040 | 29.499 | 16.143 | 62.352 | 16.474 | 27.236 |
|
AXP
American Express Company |
+2.120 0.715% | 297.585 | 21.830 | 20.040 | 3.529 | 7.208 | 4.178 | 0.000 |
|
PYPL
PayPal Holdings Inc |
+1.867 2.723% | 68.83 | 21.960 | 18.692 | 2.926 | 4.563 | 2.864 | 12.637 |
Income Statement
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Income Before Tax | 711.7M | 1260.9M | 549.5M | 855.9M | 755.1M |
| Minority Interest | - | - | - | - | - |
| Net Income | 535.8M | 958.3M | 421M | 656.1M | 574M |
| Selling General Administrative | 88.7M | 100.3M | 69.6M | 65.1M | 55.7M |
| Gross Profit | 709.4M | 1381.8M | 1203.3M | 1000.8M | 873M |
| Reconciled Depreciation | 25.6M | 26.3M | 23.8M | 22.4M | 19.5M |
| Ebit | 686.1M | 1234.6M | 540.5M | 837.1M | 735.6M |
| Ebitda | 711.7M | 1260.9M | 564.3M | 859.5M | 755.1M |
| Depreciation And Amortization | 25.6M | 26.3M | 23.8M | 22.4M | 19.5M |
| Operating Income | 686.1M | 1234.6M | 540.5M | 837.1M | 755.1M |
| Other Operating Expenses | 1037.3M | 542M | 1062.8M | 562.7M | 468.3M |
| Interest Expense | -25.6M | 26.3M | 9M | 196.2M | 156.6M |
| Tax Provision | 175.9M | 302.6M | 128.5M | 199.8M | 181.1M |
| Interest Income | 6.6M | 1.2M | 2.9M | 196.2M | 156.6M |
| Net Interest Income | 6.6M | 1.2M | 2.9M | -196.2M | -156.6M |
| Income Tax Expense | 175.9M | 302.6M | 128.5M | 199.8M | 181.1M |
| Total Revenue | 1184.4M | 1802.9M | 1619.7M | 1420.4M | 1223.4M |
| Total Operating Expenses | 608.7M | 159.7M | 684.3M | 173.2M | 117.9M |
| Cost Of Revenue | 475M | 421.1M | 416.4M | 419.6M | 350.4M |
| Total Other Income Expense Net | 25.6M | 26.3M | 9M | 18.8M | 62.4M |
| Net Income From Continuing Ops | 535.8M | 958.3M | 421M | 656.1M | 574M |
| Net Income Applicable To Common Shares | 535.8M | 958.3M | 421M | 656.1M | 574M |
Balance Sheet
(Currency in USD)| Breakdown | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
|---|---|---|---|---|---|
| Total Assets | 7610.2M | 6904.7M | 7050.9M | 7489M | 7423.2M |
| Intangible Assets | - | - | - | - | - |
| Other Current Assets | -482.1M | 482.3M | 473M | 381.3M | 276.7M |
| Total Liab | 5856.5M | 5280.7M | 5226.7M | 5186.5M | 5067.9M |
| Total Stockholder Equity | 1753.7M | 1624M | 1824.2M | 2302.5M | 2355.3M |
| Other Current Liab | -60.7M | -432.7M | -2.4M | -95.7M | -11.1M |
| Common Stock | 0.1M | 0.1M | 0.1M | 0.2M | 0.2M |
| Capital Stock | 0.1M | 0.1M | 0.1M | 0.2M | 0.2M |
| Retained Earnings | 1475.6M | 1381.1M | 1626.7M | 2138.8M | 2196.6M |
| Good Will | - | - | - | - | - |
| Other Assets | - | 466.9M | 462.7M | 627M | 91.7M |
| Cash | 13.2M | 7.7M | 23.3M | 16M | 187.4M |
| Cash And Equivalents | - | - | - | - | - |
| Total Current Liabilities | 399.8M | 263.3M | 175.2M | 186.9M | 206.6M |
| Current Deferred Revenue | 67.6M | 435.2M | - | - | - |
| Net Debt | 5054.3M | 4583M | 4593M | 4592.6M | 4351.4M |
| Short Term Debt | 74.1M | 30.9M | 2.6M | 95.9M | 11.3M |
| Short Long Term Debt | - | - | 2.6M | 95.9M | 0.7M |
| Short Long Term Debt Total | 5067.5M | 4590.7M | 4616.3M | 4608.6M | 4538.8M |
| Other Stockholder Equity | 279M | 245.7M | 197.2M | 161.9M | 157.7M |
| Property Plant Equipment | - | 51.4M | 57.3M | 59.4M | 59.7M |
| Total Current Assets | 7437.3M | 6796.4M | 6941.8M | 7397.2M | 7328.4M |
| Long Term Investments | - | 6297.7M | 6336.3M | 6787.9M | 6685.2M |
| Short Term Investments | 6.9M | 72.3M | 62.1M | 66.1M | 59.3M |
| Net Receivables | 6959.6M | 6306.4M | 6445.5M | 6934.9M | 6751.4M |
| Long Term Debt | 5067.5M | 4590.7M | 4613.7M | 4512.7M | 4538.8M |
| Inventory | 946.6M | - | - | - | - |
| Accounts Payable | 318.8M | 260.8M | 175M | 186.7M | 206.4M |
| Accumulated Other Comprehensive Income | -1M | -2.9M | 0.2M | 1.6M | 0.8M |
| Non Currrent Assets Other | 126.4M | -369.8M | -383.4M | -358.6M | -287.4M |
| Non Current Assets Total | 172.9M | 108.3M | 109.1M | 91.8M | 94.8M |
| Capital Lease Obligations | - | - | - | - | - |
| Long Term Debt Total | - | 4559.8M | 4613.7M | 4512.7M | 4538.8M |
Cash Flow
(Currency in USD)| Breakdown | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | 31-12-2018 |
|---|---|---|---|---|---|
| Investments | -226.7M | 642.4M | -476.5M | -800.1M | -1031.7M |
| Total Cashflows From Investing Activities | -460.6M | 437.3M | -673.5M | -1024.2M | -1238.3M |
| Total Cash From Financing Activities | -794.6M | -1468.7M | -433.2M | 400.3M | 599.9M |
| Net Income | 535.8M | 958.3M | 421M | 656.1M | 574M |
| Change In Cash | -16.5M | 38M | -121.5M | 188.4M | 65.5M |
| Begin Period Cash Flow | 434.2M | 396.2M | 517.7M | 329.3M | 263.8M |
| End Period Cash Flow | 417.7M | 434.2M | 396.2M | 517.7M | 329.3M |
| Total Cash From Operating Activities | 1238.7M | 1069.4M | 985.2M | 812.3M | 703.9M |
| Depreciation | 25.6M | 26.3M | 23.8M | 22.4M | 19.5M |
| Other Cashflows From Investing Activities | -230.8M | -197.5M | -188.5M | -197.3M | -181.5M |
| Dividends Paid | - | - | - | - | - |
| Change To Inventory | - | - | - | - | - |
| Sale Purchase Of Stock | -784.5M | -1471.8M | -480.8M | -300.4M | -129.1M |
| Other Cashflows From Financing Activities | 8183.4M | 3388M | 8156.7M | 7017M | 4937.8M |
| Capital Expenditures | 3.1M | 7.6M | 8.5M | 26.8M | 25.1M |
| Change In Working Capital | 166.8M | 7.3M | -97.7M | -37.3M | -5.9M |
| Other Non Cash Items | 481.7M | 8M | 563.6M | 78M | 56.7M |
| Free Cash Flow | 1235.6M | 1061.8M | 976.7M | 785.5M | 678.8M |
Funds
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | Sequoia | 1 year ago | 290181 |
| 2. | Hartford MidCap Y | 1 year ago | 198897 |
| 3. | Smead US Value Composite | 1 year ago | 167015 |
| 4. | Smead Value Investor | 1 year ago | 167015 |
| 5. | Vanguard Total Stock Mkt Idx Inv | 1 year ago | 152449 |
| 6. | Vanguard Small Cap Index | 1 year ago | 125515 |
| 7. | Vanguard Institutional Extnd Mkt Idx Tr | 1 year ago | 94041 |
| 8. | Vanguard Small Cap Growth Index Inv | 1 year ago | 71063 |
| 9. | Wellington Public Permanent Capital | 1 year ago | 40103 |
| 10. | State St Russell Sm/Mid Cp® Indx NL Cl C | 1 year ago | 38470 |
| 11. | Fidelity Extended Market Index | 1 year ago | 36059 |
| 12. | Hartford MidCap HLS IA | 1 year ago | 34699 |
| 13. | Wellington CIF II MdCap Opportunities S2 | 1 year ago | 33901 |
| 14. | Northwestern Mutual Ser Mid Cap Gr Stk | 1 year ago | 33851 |
| 15. | DFA US Core Equity 2 I | 1 year ago | 31132 |
| 16. | Schwab Fundamental US Small Company ETF | 1 year ago | 30022 |
| 17. | MainStay WMC Enduring Capital A | 1 year ago | 27950 |
| 18. | Jarislowsky Fraser US Equity | 1 year ago | 27076 |
| 19. | JF US Equity Fund | 1 year ago | 26811 |
| 20. | Bexil Investment Trust | 1 year ago | 23000 |
Institutions
| Sr. No. | Name | Purchased On | Shares |
|---|---|---|---|
| 1. | BlackRock Inc | 1 year ago | 296222 |
| 2. | Prescott General Partners LLC | 1 year ago | 1560014 |
| 3. | Prescott Investors Inc | 1 year ago | 1560014 |
| 4. | HPM Partners LLC | 1 year ago | 886970 |
| 5. | Ruane, Cunniff & Goldfarb L.P. | 1 year ago | 718040 |
| 6. | Wellington Management Company LLP | 1 year ago | 612323 |
| 7. | Vanguard Group Inc | 1 year ago | 487226 |
| 8. | GOBI CAPITAL LLC | 1 year ago | 364750 |
| 9. | Beck, Mack & Oliver LLC | 1 year ago | 323689 |
| 10. | Cantillon Capital Management LLC | 1 year ago | 245931 |
| 11. | Smead Capital Management Inc | 1 year ago | 190279 |
| 12. | Abrams Bison Investments, LLC | 1 year ago | 175000 |
| 13. | Dimensional Fund Advisors, Inc. | 1 year ago | 172591 |
| 14. | RV Capital GmbH | 1 year ago | 145888 |
| 15. | KIZE CAPITAL LP | 1 year ago | 117034 |
| 16. | State Street Corporation | 1 year ago | 108337 |
| 17. | Geode Capital Management, LLC | 1 year ago | 104776 |
| 18. | LMR Partners LLP | 1 year ago | 104000 |
| 19. | HSBC Holdings PLC | 1 year ago | 92102 |
| 20. | Investmentaktiengesellschaft Fur Langfristige Investoren TGV | 1 year ago | 92000 |
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