Credit Acceptance Corporation

Credit Acceptance Corporationverified

CACC

Price:

$423.62

Market Cap:

$5.13B

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was founded in 1972 and is headquartered in Southfield, Michigan.[Read more]

Industry

Financial - Credit Services

IPO Date

1992-06-05

Stock Exchange

NASDAQ

Ticker

CACC

The Current Ratio as of November 2024 (TTM) for Credit Acceptance Corporation (CACC) is 23.40

According to Credit Acceptance Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 23.40. This represents a change of 10.39% compared to the average of 21.20 of the last 4 quarters.

Credit Acceptance Corporation (CACC) Historical Current Ratio (quarterly & annually)

How has CACC Current Ratio performed in the past?

The mean historical Current Ratio of Credit Acceptance Corporation over the last ten years is 29.17. The current 23.40 Current Ratio has changed 7.92% with respect to the historical average. Over the past ten years (40 quarters), CACC's Current Ratio was at its highest in in the March 2020 quarter at 41.68. The Current Ratio was at its lowest in in the December 2023 quarter at 18.60.

Quarterly (TTM)
Annual

Average

29.17

Median

25.95

Minimum

18.60

Maximum

39.62

Credit Acceptance Corporation (CACC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Credit Acceptance Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 30.65%

Maximum Annual Current Ratio = 39.62

Minimum Annual Increase = -34.85%

Minimum Annual Current Ratio = 18.60

Quarterly (TTM)
Annual
YearCurrent RatioChange
202318.60-27.93%
202225.81-34.85%
202139.620.11%
202039.5811.58%
201935.478.79%
201832.6126.67%
201725.743.30%
201624.92-4.48%
201526.0812.01%
201423.2930.65%

Credit Acceptance Corporation (CACC) Average Current Ratio

How has CACC Current Ratio performed in the past?

The current Current Ratio of Credit Acceptance Corporation (CACC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

28.01

5-year avg

31.82

10-year avg

29.17

Credit Acceptance Corporation (CACC) Current Ratio vs. Peers

How is CACC’s Current Ratio compared to its peers?

Credit Acceptance Corporation’s Current Ratio is greater than World Acceptance Corporation (0), greater than FirstCash Holdings, Inc (4.31), greater than Dorman Products, Inc. (2.34), greater than Encore Capital Group, Inc. (1.59), greater than CorVel Corporation (1.66),

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