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Southfield, Michigan, April 24, 2023 (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 2023 earnings on Monday, May 1, 2023, after the market closes. A webcast is scheduled for Monday, May 1, 2023, at 5:00 p.m. Eastern Time to discuss first quarter 2023 earnings.
Credit Acceptance: Today's Best Near-Term Cap-Gain Financial Services Prospect.
Ruane Cuniff & Goldfarb, a guru investment firm followed by GuruFocus, likes what it sees at Credit Acceptance Corp. ( CACC , Financial). In the Sequoia Fund's fourth-quarter 2022 letter, the firm wrote:
Recessionary fears and worsening asset quality hurt the Zacks Consumer Loans industry players. Efforts to digitize operations, decent loan demand and the easing lending standards will aid companies like Credit Acceptance (CACC), SLM Corp (SLM) and Navient (NAVI).
Credit Acceptance (CACC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Credit Acceptance Corporation (NASDAQ:CACC ) Q4 2022 Earnings Conference Call January 31, 2023 5:00 PM ET Company Participants Doug Busk - Chief Treasury Officer Conference Call Participants Moshe Orenbuch - Credit Suisse John Rowan - Janney Montgomery Scott Rob Wildhack - Autonomous Research John Hecht - Jefferies Ray Cheesman - Anfield Capital Christopher Ryan - Radcliffe Operator Good day, everyone, and welcome to the Credit Acceptance Corporation Fourth Quarter 2022 Earnings Call. Today's call is being recorded.
Credit Acceptance (CACC) delivered earnings and revenue surprises of 24.25% and 5.18%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release and Webcast
Southfield, Michigan , Jan. 24, 2023 (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 and full year 2022 earnings on Tuesday, January 31, 2023, after the market closes. A webcast is scheduled for Tuesday, January 31, 2023, at 5:00 p.m. Eastern Time to discuss fourth quarter and full year 2022 earnings.
Credit Acceptance (CACC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
The auto lender got hit with some bad news on the legal front.