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Although the revenue and EPS for Credit Acceptance (CACC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Southfield, Michigan, April 23, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our first quarter 2024 earnings on Tuesday, April 30, 2024, after the market closes. A webcast is scheduled for Tuesday, April 30, 2024, at 5:00 p.m. Eastern Time to discuss first quarter 2024 earnings.
Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?
Credit Acceptance (CACC) records a rise in revenues and operating expenses in the fourth quarter of 2023.
Credit Acceptance Corporation (CACC) Q4 2023 Earnings Call Transcript
While the top- and bottom-line numbers for Credit Acceptance (CACC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Credit Acceptance (CACC) came out with quarterly earnings of $7.29 per share, beating the Zacks Consensus Estimate of $4.52 per share. This compares to earnings of $9.58 per share a year ago.
Southfield, Michigan, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our fourth quarter 2023 earnings on Wednesday, January 31, 2024, after the market closes. A webcast is scheduled for Wednesday, January 31, 2024, at 5:00 p.m. Eastern Time to discuss fourth quarter 2023 earnings.
Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?
Economic indicators provide a mixed perspective: consumer confidence is declining, and interest rates are high. On the flip side, we observe growth catalysts: decreased used car prices and the expected decline in interest rates next year. However, when considering the decision to invest in Credit Acceptance or its industry peers, I lean towards choosing the latter.