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

Credit Acceptance

01/05/2023 23:02

* Credit Acceptance Corp  CACC.OQ  reported quarterly
adjusted
earnings of $7.61​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of $8.81 per share.
    * Revenue fell 0.4% to $453.80 million from a year ago;
analysts
expected $458.20 million. 
    * Credit Acceptance Corp's reported EPS for the quarter was
$7.61​.
    * The mean earnings estimate of analysts had risen by
about 14.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Credit Acceptance Corp shares had risen by 12.3% this
quarter and gained 3.2% so far this year.
    * The company reported quarterly net income of $99.5
million.
    * Wall Street's median 12-month price target for Credit
Acceptance
Corp is $440.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
1 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      8.81           7.61           Missed
 Dec. 31 2022      7.16           9.58           Beat
 Sep. 30 2022      10.33          6.49           Missed
 Jun. 30 2022      12.89          7.94           Missed