Credit Acceptance Corporation

Credit Acceptance Corporationverified

CACC

Price:

$450.1

Market Cap:

$5.45B

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 ROE as of September 2024 (TTM) for Credit Acceptance Corporation (CACC) is 10.90%

According to Credit Acceptance Corporation’s latest financial reports and current stock price. The company's current ROE is 10.90%. This represents a change of 320.91% compared to the average of 2.59% of the last 4 quarters.

Credit Acceptance Corporation (CACC) Historical ROE (quarterly & annually)

How has CACC ROE performed in the past?

The mean historical ROE of Credit Acceptance Corporation over the last ten years is 30.60%. The current 10.90% ROE has changed -64.36% with respect to the historical average. Over the past ten years (40 quarters), CACC's ROE was at its highest in in the March 2022 quarter at 13.16%. The ROE was at its lowest in in the March 2020 quarter at -4.26%.

Quarterly (TTM)
Annual

Average

30.60%

Median

29.72%

Minimum

16.31%

Maximum

52.53%

Credit Acceptance Corporation (CACC) ROE by Quarter and Year

Discovering the peaks and valleys of Credit Acceptance Corporation ROE, 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 = 187.31%

Maximum Annual ROE = 52.53%

Minimum Annual Increase = -50.55%

Minimum Annual ROE = 16.31%

Quarterly (TTM)
Annual
YearROEChange
202316.31%-50.55%
202232.99%-37.20%
202152.53%187.31%
202018.28%-34.36%
201927.86%-3.38%
201828.83%-5.83%
201730.62%7.97%
201628.35%-12.19%
201532.29%-14.82%
201437.91%12.35%

Credit Acceptance Corporation (CACC) Average ROE

How has CACC ROE performed in the past?

The current ROE 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

33.95%

5-year avg

29.60%

10-year avg

30.60%

Credit Acceptance Corporation (CACC) ROE vs. Peers

How is CACC’s ROE compared to its peers?

Credit Acceptance Corporation’s ROE is less than World Acceptance Corporation (18.69%), less than FirstCash Holdings, Inc (11.95%), less than Dorman Products, Inc. (14.64%), greater than Encore Capital Group, Inc. (-19.23%), less than CorVel Corporation (32.25%),

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