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Credit Acceptance Corp. (CACC)
NASDAQ:CACC
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$7.93Last Year’s EPS
$10.06Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -0.16%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant growth in loan volumes and market presence, albeit overshadowed by challenges in collections and underperformance of certain loan vintages. Despite record loan volumes and recognition as a great workplace, the company faced difficulties with forecasting and consumer credit availability affecting collections. The cautious approach to stock buybacks reflects the uncertain economic environment.Company Guidance
During the Credit Acceptance Corporation's Q3 2024 earnings call, the company reported a mixed quarter with a modest decline of 0.6% or $62.8 million in forecasted net cash flows, attributing this to underperformance in collections and originations across several vintages. Despite these challenges, they noted record-high achievements, such as a 17.7% increase in loan unit volume and a 12.2% rise in dollar volume, marking the ninth consecutive quarter of double-digit unit growth. The loan portfolio reached a new record high of $8.9 million on an adjusted basis, climbing 18.6% from the previous year. They financed 95,670 contracts, collected $1.3 billion, and added 1,038 new dealers, bringing the total number of active dealers to 10,678. The company also emphasized its commitment to improving its go-to-market approach, product innovation, and technology investments while highlighting its recognition as a great workplace by several organizations.Strong Loan Growth
During the quarter, the company experienced strong growth, achieving its highest Q3 unit dollar volume ever, with loan unit and dollar volume growing by 17.7% and 12.2%, respectively. This marks the ninth consecutive quarter of double-digit unit volume growth.
Record Loan Portfolio
The loan portfolio reached a new record high of $8.9 million on an adjusted basis, up 18.6% from Q3 2023.
Awards and Recognition
The company received four awards from Borgen, USA Today, and People Magazine, recognizing it as a Great Place to Work.
New Dealer Additions
The company added 1,038 new dealers during the quarter, reaching its largest number of active dealers ever for a third quarter with 10,678 dealers.
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CACC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CACC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $461.93 | $425.00 | -7.99% |
| Jul 31, 2024 | $574.90 | $489.29 | -14.89% |
| Apr 30, 2024 | $513.72 | $492.58 | -4.12% |
| Jan 31, 2024 | $541.07 | $581.39 | +7.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Credit Acceptance Corp. (CACC) report earnings?
Credit Acceptance Corp. (CACC) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Credit Acceptance Corp. (CACC) earnings time?
Credit Acceptance Corp. (CACC) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CACC EPS forecast?
CACC EPS forecast for the fiscal quarter 2024 (Q4) is $7.93.
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