Credit Acceptance Corporation (CACC)
CACC Price and Sentiment
CACC Latest news
Low interest rates and weak consumer sentiments hurt the interest income of Zacks Consumer Loans industry players. Yet, robust asset quality and efforts to digitize operations will support consumer loan providers like COF, DFS, ALLY, and CACC.
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Southfield, Michigan , Oct. 15, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $75.0 million revolving secured warehouse facility will cease to revolve from September 30, 2022 to September 30, 2024. There were no other material changes to the terms of the facility.
Southfield, Michigan, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have increased the amount of our revolving secured line of credit facility with a commercial bank syndicate from $340.0 million to $385.0 million. We have also extended the maturity of the facility from June 22, 2023 to June 22, 2024. The amount of the facility will decrease from $385.0 million to $350.0 million on June 22, 2022, and will further decrease from $350.0 million to $325.0 million on June 22, 2023.
New York, New York--(Newsfile Corp. - October 4, 2021) - Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating whether certain officers and directors of Credit Acceptance Corporation (NASDAQ: CACC) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, the Company was topping off the pools of loans that they packaged and securitized with higher-risk loans; Credit Acceptance was making high-interest subprime auto loans to borrowers that...
According to the Buffett-Munger Screener, one of several predefined screens available to GuruFocus Premium members, five stocks with good business fundamentals and are trading at attractive GF Values are Berkshire Hathaway Inc. ( BRK.A , Financial)( BRK.B , Financial), Usana Health Sciences Inc. ( USNA , Financial), La-Z-Boy Inc. ( LZB , Financial), Credit Acceptance Corp. ( CACC , Financial) and Allstate Corp. ( ALL , Financial).
Credit Acceptance Named to the 2021 Metropolitan Detroit's Best and Brightest Companies to Work For®! List and a 2021 Michigan's Best and Brightest in Wellness® Award Winner2021-09-22 16:02
Southfield, Michigan, Sept. 22, 2021 (GLOBE NEWSWIRE) -- ? ? ? ?Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) is pleased to announce that we have received two more awards.
CACC, UFPT, WST, and CASH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 15, 2021.
Credit Acceptance Should Take A Breather
ALLY, WRLD and CACC seem tailor-made for the investment portfolio at a time when the consumer loan industry is reaping the fruits of economic recovery and the consumer turnaround in the market.