Credit Acceptance Corporation will announce Q4 2024 earnings on January 30, 2025, followed by a conference call.
Quiver AI Summary
Credit Acceptance Corporation announced that it plans to release its fourth quarter 2024 earnings on January 30, 2025, after market close, with a webcast scheduled for the same day at 5:00 p.m. Eastern Time to discuss the results. Interested participants can access the conference call by pre-registering for a unique dial-in number and PIN, while the webcast will be available on the company’s investor relations website. Credit Acceptance provides financing solutions that enable automobile dealers to sell vehicles to consumers with varying credit histories, thus facilitating vehicle ownership and improving customers' credit scores. The company is publicly traded on Nasdaq under the symbol CACC. For more information, visit their website.
Potential Positives
- The announcement of the fourth quarter 2024 earnings release and conference call demonstrates Credit Acceptance's commitment to transparency and communication with investors.
- The scheduled webcast allows for direct engagement with stakeholders, providing them an opportunity to ask questions, which can enhance investor relations.
- Credit Acceptance’s financing solutions address a significant market need by enabling consumers with poor credit histories to obtain vehicle financing, potentially leading to increased sales for partner dealers and improving customer credit scores.
Potential Negatives
- The press release does not provide any financial results or forward-looking information, which may leave investors and analysts dissatisfied and hesitant about the company's performance prospects ahead of the earnings release.
FAQ
When will Credit Acceptance announce its fourth quarter 2024 earnings?
Credit Acceptance will announce its fourth quarter 2024 earnings on Thursday, January 30, 2025, after the market closes.
How can I participate in the earnings webcast?
You can participate in the earnings webcast by pre-registering for the telephone access or by accessing it through the Investor Relations section of our website.
What time is the webcast scheduled for?
The webcast is scheduled for Thursday, January 30, 2025, at 5:00 p.m. Eastern Time.
Where can I find the webcast replay and transcript?
The replay and transcript of the webcast will be archived in the Investor Relations section of our website.
What is the main focus of Credit Acceptance Corporation?
Credit Acceptance provides innovative financing solutions to enable vehicle ownership for consumers with varied credit histories through a nationwide dealer network.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CACC Insider Trading Activity
$CACC insiders have traded $CACC stock on the open market 10 times in the past 6 months. Of those trades, 2 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $CACC stock by insiders over the last 6 months:
- GENERAL PARTNERS LLC PRESCOTT has made 2 purchases buying 4,000 shares for an estimated $1,784,530 and 1 sale selling 11,586 shares for an estimated $5,154,730.
- DANIEL A. ULATOWSKI (Chief Sales Officer) has made 0 purchases and 5 sales selling 2,000 shares for an estimated $944,387.
- THOMAS W SMITH sold 1,200 shares for an estimated $541,208
- JONATHAN LUM (Chief Operating Officer) sold 552 shares for an estimated $270,424
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CACC Hedge Fund Activity
We have seen 102 institutional investors add shares of $CACC stock to their portfolio, and 97 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 78,757 shares (-12.7%) from their portfolio in Q3 2024, for an estimated $34,922,428
- ALFRETON CAPITAL LLP added 71,872 shares (+73.2%) to their portfolio in Q3 2024, for an estimated $31,869,482
- CROW'S NEST HOLDINGS LP removed 67,500 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $29,930,850
- QUANTUM CAPITAL MANAGEMENT, LLC / NJ removed 58,883 shares (-74.4%) from their portfolio in Q3 2024, for an estimated $26,109,899
- ABRAMS BISON INVESTMENTS, LLC added 53,306 shares (+30.5%) to their portfolio in Q3 2024, for an estimated $23,636,946
- ALPHA WAVE GLOBAL, LP removed 28,721 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $12,735,465
- GLOBAL ENDOWMENT MANAGEMENT, LP added 28,632 shares (+825.1%) to their portfolio in Q3 2024, for an estimated $12,696,001
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Southfield, Michigan, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our fourth quarter 2024 earnings on Thursday, January 30, 2025, after the market closes. A webcast is scheduled for Thursday, January 30, 2025, at 5:00 p.m. Eastern Time to discuss fourth quarter 2024 earnings.
Conference Call and Webcast Information:
Date: Thursday, January 30, 2025
Time: 5:00 p.m. Eastern Time
Telephone Access:
Only persons accessing the webcast by telephone will be able to pose questions to the presenters during the webcast. To participate by telephone, you must pre-register using the following link:
https://register.vevent.com/register/BIa9a65d89cd7e4a4192d3cecb8f0d2b67
or through the link posted on the “Investor Relations” section of our website at ir.creditacceptance.com . Upon registering you will be provided with the dial-in number and a unique PIN to access the webcast by telephone.
Webcast Access:
The webcast can also be accessed live by visiting the “Investor Relations” section of our website at
ir.creditacceptance.com
.
Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website.
Description of Credit Acceptance Corporation
We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.
Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones. Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing. Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC. For more information, visit creditacceptance.com .