Credit Acceptance Q4 GAAP EPS $7.29, down 24% YoY; adjusted EPS $10.06

CREDIT ACCEPTANCE CORP

2023-FY EPS reported $21.99 revenue$1,901,900,000

GAAP net income $93.6M vs $127.3M YoY; revenue growth not disclosed.
Q4 loan origination unit volume +26.7% YoY; dollar volume +21.3%.
Forecasted collection rates declined by $57M (0.6%) in Q4, vs $41.1M (0.5%) a year ago.
Initial spread on new loans improved to 21.7%, up from 20.9% in Q4 2022.
Average cost of debt rose due to higher interest rates on recent financings.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CREDIT ACCEPTANCE CORP reported for the three months ended December 31, 2023 results: net income $129.1 million, EPS $10.06 per diluted share.

Period: for the three months ended December 31, 2023
Net income: $129.1 million
EPS: $10.06 per diluted share
Result: reported results

Exact text from the filing

Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2023 was $129.1 million, or $10.06 per diluted share, compared to $156.1 million, or $11.74 per diluted share, for the same period in 2022.

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

CREDIT ACCEPTANCE CORP filing history →

Source: SEC EDGAR

accession 0000885550-24-000016

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.