Credit Acceptance Corp reports results for the quarter ended June 30 - Earnings Summary
Credit Acceptance Corp reports results for the quarter ended June 30 - Earnings Summary
Credit Acceptance Corp CACC.OQ reported quarterly adjusted earnings of $12.12 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $8.56. The mean expectation of three analysts for the quarter was for earnings of $11.86 per share. Wall Street expected results to range from $11.55 to $12.10 per share.
Revenue rose 0.6% to $587.40 million from a year ago; analysts expected $588.10 million.
Credit Acceptance Corp's reported EPS for the quarter was $12.66.
The company reported quarterly net income of $135.9 million.
Credit Acceptance Corp shares had fallen by 10.0% this quarter and gained 29.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.5% 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," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is "buy."
Wall Street's median 12-month price target for Credit Acceptance Corp is $575.00, about 0.4% above its last closing price of $572.97
This summary was machine generated from LSEG data August 4 at 09:01 p.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 |
Jun. 30 2026 | 11.86 | 12.12 | Beat |
Mar. 31 2026 | 10.52 | 10.71 | Beat |
Dec. 31 2025 | 10.01 | 8.92 | Missed |
Sep. 30 2025 | 9.45 | 9.30 | Missed |
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