Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Apr 18, 2024 (filed on Apr 22, 2024)Insider Name:Rostami Andrew KOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-423Price:$536.40
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Mar 21, 2024 (filed on Mar 25, 2024)Insider Name:Busk Douglas WOwnership Type:Direct OwnershipSecurities:Employee Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-2,500Price:--
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Mar 21, 2024 (filed on Mar 25, 2024)Insider Name:Busk Douglas WOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-2,500Price:$572.58
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Mar 21, 2024 (filed on Mar 25, 2024)Insider Name:Busk Douglas WOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:2,500Price:$333.94
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Mar 15, 2024 (filed on Mar 19, 2024)Insider Name:Lum JonathanOwnership Type:Direct OwnershipSecurities:Employee Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-2,500Price:--
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Mar 15, 2024 (filed on Mar 19, 2024)Insider Name:Lum JonathanOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-200Price:$551.10
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Mar 15, 2024 (filed on Mar 19, 2024)Insider Name:Lum JonathanOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-2,300Price:$549.57
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Mar 15, 2024 (filed on Mar 19, 2024)Insider Name:Lum JonathanOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:2,500Price:$333.94
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Mar 01, 2024 (filed on Mar 04, 2024)Insider Name:Smith Arthur LOwnership Type:Direct OwnershipSecurities:Employee Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-8,723Price:--
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Mar 01, 2024 (filed on Mar 04, 2024)Insider Name:Smith Arthur LOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-8,723Price:$554.00
Filings by filing date
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Apr 18, 2024 (filed on Apr 22, 2024)Insider Name:Rostami Andrew KOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-423Price:$536.40
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Mar 21, 2024 (filed on Mar 25, 2024)Insider Name:Busk Douglas WOwnership Type:Direct OwnershipSecurities:Employee Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-2,500Price:--
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Mar 21, 2024 (filed on Mar 25, 2024)Insider Name:Busk Douglas WOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-2,500Price:$572.58
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Mar 21, 2024 (filed on Mar 25, 2024)Insider Name:Busk Douglas WOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:2,500Price:$333.94
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Mar 15, 2024 (filed on Mar 19, 2024)Insider Name:Lum JonathanOwnership Type:Direct OwnershipSecurities:Employee Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-2,500Price:--
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Mar 15, 2024 (filed on Mar 19, 2024)Insider Name:Lum JonathanOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-200Price:$551.10
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Mar 15, 2024 (filed on Mar 19, 2024)Insider Name:Lum JonathanOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:S - Open market or private sale# or value acquired/disposed of:-2,300Price:$549.57
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Mar 15, 2024 (filed on Mar 19, 2024)Insider Name:Lum JonathanOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:2,500Price:$333.94
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Mar 01, 2024 (filed on Mar 04, 2024)Insider Name:Smith Arthur LOwnership Type:Direct OwnershipSecurities:Employee Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-8,723Price:--
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Feb 29, 2024 (filed on Mar 04, 2024)Insider Name:Smith Arthur LOwnership Type:Direct OwnershipSecurities:Employee Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-3,777Price:--
News
Biz Brief
Sector: Financials | Industry: Consumer Lending |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 25505 W 12 Mile Rd SOUTHFIELD MI 48034-1846 |
Tel: | N/A |
Website: | https://www.creditacceptance.com |
IR: | See website |
Key People | ||
Kenneth S. Booth President, Chief Executive Officer, Director | Daniel A. Ulatowski Chief Sales Officer | Jay D. Martin Chief Financial Officer |
Jonathan L. Lum Chief Operating Officer | Wendy A, Rummler Chief People Officer | Ravi Mohan Chief Technology Officer |
Andrew K. Rostami Chief Marketing and Product Officer | Erin J. Kerber Chief Compliance Officer, Secretary, Chief Legal Officer | Douglas W. Busk Chief Treasury Officer | Arthur L. Smith Chief Analytics Officer |
Business Overview |
Credit Acceptance Corporation is engaged in offering that enable automobile dealers to sell vehicles to consumers. The Company's financing programs are offered through a nationwide network of automobile dealers. Its loan portfolio consists of two portfolio segments: dealer loans and purchased loans. The Company offers two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers. |
Financial Overview |
For the fiscal year ended 31 December 2023, Credit Acceptance Corp. revenues increased 4% to $1.9B. Net income decreased 47% to $286.1M. Revenues reflect Finance Charges Revenue increase of 4% to $1.76B, Premiums Earned increase of 27% to $79.6M. Net income was offset by Provision for credit losses increase of 53% to $736.2M (expense), Interest increase of 60% to $266.5M (expense), Provision for Claims increase of 52% to $70.7M (expense). |
Employees: | 2,232 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $11,479M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,902M as of Dec 31, 2023 |
EBITDA (TTM): | $662.50M as of Dec 31, 2023 |
Net annual income (TTM): | $286.10M as of Dec 31, 2023 |
Free cash flow (TTM): | $1,200M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $5,054M as of Dec 31, 2023 |
Shares outstanding: | 12,302,955 as of Feb 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |