Credit Acceptance Financials

CACC Stock  USD 460.02  12.45  2.78%   
Based on the measurements of operating efficiency obtained from Credit Acceptance's historical financial statements, Credit Acceptance may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. At present, Credit Acceptance's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 1.5 B, whereas Property Plant And Equipment Net is forecasted to decline to about 26.4 M. Key indicators impacting Credit Acceptance's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.260.1504
Way Up
Slightly volatile
Return On Assets0.05570.0376
Way Up
Slightly volatile
Return On Equity0.180.1631
Significantly Up
Pretty Stable
Debt Equity Ratio3.032.8896
Sufficiently Up
Slightly volatile
Operating Income303.8 M367.6 M
Significantly Down
Slightly volatile
Current Ratio0.02650.0279
Notably Down
Pretty Stable
Investors should never underestimate Credit Acceptance's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Credit Acceptance's cash flow, debt, and profitability to make informed and accurate decisions about investing in Credit Acceptance.

Net Income

216.82 Million

  
Understanding current and past Credit Acceptance Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Credit Acceptance's financial statements are interrelated, with each one affecting the others. For example, an increase in Credit Acceptance's assets may result in an increase in income on the income statement.
Please note, the presentation of Credit Acceptance's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Credit Acceptance's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Credit Acceptance's management manipulating its earnings.

Credit Acceptance Stock Summary

Credit Acceptance competes with World Acceptance, FirstCash, Dorman Products, Encore Capital, and CorVel Corp. Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company was founded in 1972 and is headquartered in Southfield, Michigan. Credit Acceptance operates under Credit Services classification in the United States and is traded on NASDAQ Exchange. It employs 2073 people.
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS2253101016
CUSIP225310101
LocationMichigan; U.S.A
Business Address25505 West Twelve
SectorConsumer Finance
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.creditacceptance.com
Phone248 353 2700
CurrencyUSD - US Dollar

Credit Acceptance Key Financial Ratios

Credit Acceptance Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets7.4B7.5B7.1B6.9B7.6B8.0B
Retained Earnings2.2B2.1B1.6B1.4B1.5B1.5B
Other Assets91.7M627M462.7M466.9M420.2M313.7M
Total Liab5.1B5.2B5.2B5.3B5.9B6.1B
Total Current Assets7.3B7.4B6.9B6.8B13.2M12.5M
Net Debt4.4B4.6B4.6B4.6B5.1B5.3B
Other Current Liab(11.1M)(282.6M)(177.6M)(1.9B)(473.9M)(450.2M)
Accounts Payable206.4M186.7M175M260.8M318.8M334.7M
Cash187.4M16M23.3M7.7M13.2M18.0M
Net Receivables6.8B6.9B6.4B6.3B7.0B7.3B
Short Term Debt11.3M95.9M2.6M1.5B74.1M70.4M
Other Liab322.5M391M435.2M426.7M490.7M515.2M
Long Term Debt4.5B4.5B4.6B4.6B5.1B5.3B
Other Current Assets(583.9M)381.3M413.9M482.3M(482.1M)(458.0M)
Inventory973.5M990.6M1.0B946.6M1.1B1.1B
Net Tangible Assets2.4B2.3B1.8B1.6B1.9B1.5B
Long Term Debt Total4.5B4.5B4.6B4.6B5.2B3.1B
Capital Surpluse157.7M161.9M197.2M245.7M282.6M296.7M
Short Long Term Debt171.9M700K95.9M2.6M2.3M2.2M
Net Invested Capital6.9B6.9B6.4B6.2B6.8B6.9B

Credit Acceptance Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense196.2M192M164.3M25.6M264.5M277.7M
Total Revenue1.4B1.6B1.8B1.2B1.9B2.0B
Gross Profit1.0B1.2B1.4B709.4M1.9B2.0B
Operating Income837.1M540.5M1.2B686.1M367.6M303.8M
Ebit837.1M(356.1M)857.3M(241.4M)367.6M231.1M
Ebitda859.5M564.3M1.3B711.7M367.6M349.2M
Income Before Tax855.9M549.5M1.3B711.7M367.6M304.5M
Net Income656.1M421M958.3M535.8M286.1M216.8M
Income Tax Expense199.8M128.5M302.6M175.9M81.5M87.6M
Cost Of Revenue419.6M416.4M421.1M475M583M612.2M
Tax Provision199.8M128.5M302.6M175.9M94.4M139.5M
Interest Income196.2M2.9M1.2M6.6M18M17.1M
Net Interest Income(196.2M)2.9M1.2M6.6M18M18.9M

Credit Acceptance Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash188.4M(121.5M)38M(16.5M)53.2M50.5M
Free Cash Flow785.5M976.7M1.1B1.2B1.2B1.1B
Depreciation22.4M23.8M26.3M25.6M26.6M25.3M
Other Non Cash Items78M563.6M8M481.7M738.6M915.3M
Capital Expenditures25.1M26.8M8.5M7.6M3.1M3.8M
Net Income656.1M421M958.3M535.8M286.1M271.8M
End Period Cash Flow517.7M396.2M434.2M417.7M470.9M393.1M
Change To Netincome171.1M638.1M77.5M510.5M587.1M616.4M
Investments(800.1M)(476.5M)642.4M(226.7M)(1.2B)(1.1B)
Net Borrowings701.3M48.4M(7.9M)(41.5M)(37.4M)(35.5M)

Credit Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Credit Acceptance's current stock value. Our valuation model uses many indicators to compare Credit Acceptance value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Credit Acceptance competition to find correlations between indicators driving Credit Acceptance's intrinsic value. More Info.
Credit Acceptance is rated fifth in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.21  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Credit Acceptance is roughly  4.80 . At present, Credit Acceptance's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Credit Acceptance's earnings, one of the primary drivers of an investment's value.

Credit Acceptance Systematic Risk

Credit Acceptance's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Credit Acceptance volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Credit Acceptance correlated with the market. If Beta is less than 0 Credit Acceptance generally moves in the opposite direction as compared to the market. If Credit Acceptance Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Credit Acceptance is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Credit Acceptance is generally in the same direction as the market. If Beta > 1 Credit Acceptance moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Credit Acceptance Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Credit Acceptance's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Credit Acceptance growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.52)

At present, Credit Acceptance's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Credit Acceptance November 21, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Credit Acceptance help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Credit Acceptance. We use our internally-developed statistical techniques to arrive at the intrinsic value of Credit Acceptance based on widely used predictive technical indicators. In general, we focus on analyzing Credit Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Credit Acceptance's daily price indicators and compare them against related drivers.

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When running Credit Acceptance's price analysis, check to measure Credit Acceptance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Credit Acceptance is operating at the current time. Most of Credit Acceptance's value examination focuses on studying past and present price action to predict the probability of Credit Acceptance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Acceptance's price. Additionally, you may evaluate how the addition of Credit Acceptance to your portfolios can decrease your overall portfolio volatility.
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