Credit Acceptance Q4 2024: GAAP net income $151.9M ($12.26 EPS); adjusted EPS $10.17; unit volume growth slows to 0.3%

CREDIT ACCEPTANCE CORP

2024-FY EPS reported $19.88 revenue$2,162,400,000

GAAP net income $151.9M vs $93.6M YoY; diluted EPS $12.26 vs $7.29.
Adjusted net income $126.0M ($10.17/diluted share) vs $129.1M ($10.06) YoY.
Consumer loan assignment unit volume grew only 0.3% YoY vs 26.7% in Q4 2023.
Initial spread increased to 22.4% from 21.7%; average cost of debt rose to 7.2% from 6.3%.
Repurchased ~590,000 shares (4.7% of outstanding) since Q4 2023.

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