Credit Acceptance Corp reports results for the quarter ended in January 1 - Earnings Summary

Credit Acceptance

31/10/2024 02:33

* Credit Acceptance Corp  CACC.OQ  reported quarterly
adjusted
earnings of $8.79​​ per share for the quarter ended January 1,
higher than the same quarter last year, when the company
reported EPS of $5.43.  The mean expectation of three analysts
for the quarter was for earnings of $9.05 per share. Wall Street
expected results to range from $8.96  to $9.21 per share.
    * Revenue rose 15% to $550.30 million from a year ago;
analysts
expected $545.89 million. 
    * Credit Acceptance Corp's reported EPS for the quarter was
$6.35​.
    * The company reported quarterly net income of $78.8
million.
    * Credit Acceptance Corp shares had risen by 2.0% this
quarter and
lost 15.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "hold"

Wall Street's median 12-month price target for Credit Acceptance
Corp is $449.00 
This summary was machine generated from LSEG data October 31 at
02:32 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      9.05           8.79           Missed
 Jun. 30 2024      8.91           10.29          Beat
 Mar. 31 2024      8.35           9.28           Beat
 Dec. 31 2023      5.43           7.29           Beat