Credit Acceptance (Credit Acceptance) Net Income From Continuing Operations : $286 Mil (TTM As of Dec. 2023)

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What is Credit Acceptance Net Income From Continuing Operations?

Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. Credit Acceptance's net income from continuing operations for the three months ended in Dec. 2023 was $94 Mil. Its net income from continuing operations for the trailing twelve months (TTM) ended in Dec. 2023 was $286 Mil.

Credit Acceptance Net Income From Continuing Operations Historical Data

The historical data trend for Credit Acceptance's Net Income From Continuing Operations can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Credit Acceptance Net Income From Continuing Operations Chart

Credit Acceptance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Income From Continuing Operations

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656.10

421.00

958.30

535.80

286.10

Credit Acceptance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Income From Continuing Operations	Get a 7-Day Free Trial															127.30	99.50	22.20	70.80	93.60

Credit Acceptance Net Income From Continuing Operations Calculation

Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.

Net Income From Continuing Operations for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $286 Mil.

Credit Acceptance (Credit Acceptance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Acceptance Corp (NAS:CACC) » Definitions » Net Income From Continuing Operations

Comparable Companies

Traded in Other Exchanges

CRDA34:Brazil

Address

25505 W. Twelve Mile Road, Southfield, MI, USA, 48034-8339

Website

https://www.creditacceptance.com

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.

Executives

Wendy A Rummler	officer: Senior VP, Human Resources	25505 WEST TWELVE MILE ROAD, SOUTHFIELD MI 48034
Douglas W Busk	officer: Sr. Vice President & Treasurer	25505 WEST TWELVE MILE ROAD, SOUTH FIELD MI 48034
Nicholas J Elliott	officer: Chief Alignment Officer	25505 WEST TWELVE MILE RD, SOUTHFIELD MI 48034
Arthur L Smith	officer: Chief Analytics Officer	25505 W 12 MILE ROAD, SOUTHFIELD MI 48034
Sean Edward Quinn	director	C/O CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Thomas W Smith	10 percent owner, other: Member of Section 13(d) Group	2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Scott J Vassalluzzo	director, 10 percent owner, other: Member of Section 13(d) Group	2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Donald A. Foss Irrevocable Trust Dated August 14, 2022	10 percent owner	39395 W. TWELVE MILE ROAD, SUITE 200, FARMINGTON HILLS MI 48331
Daniel A. Ulatowski	officer: Chief Sales Officer	25505 W 12 MILE ROAD, SOUTHFIELD MI 48034
Andrew K Rostami	officer: Chief Mktg and Product Officer	25505 WEST TWELVE MILE ROAD, SOUTHFIELD MI 48034
Prescott General Partners Llc	10 percent owner, other: Member of Section 13(d) Group	2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Ravi Mohan Valiyaveettil	officer: Chief Technology Officer	25505 WEST TWELVE MILE RD, SOUTHFIELD MI 48034
Thomas N Tryforos	director	323 RAILROAD AVE, GREENWICH CT 06830
Kenneth Booth	officer: Chief Financial Officer	25505 WEST TWELVE MILE ROAD, SOUTHFIELD MI 48034
Donald A Foss	director, 10 percent owner, officer: Chairman	29777 TELEGRAPH ROAD, SUITE 2611, SOUTHFIELD MI 48034