Press Releases

SOUTHFIELD, Mich., Feb. 2, 2011 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $47.0 million, or $1.69 per diluted share, for the three months ended December 31, 2010 compared to consolidated net income of $40.3 million, or $1.27 per diluted s...

SOUTHFIELD, Mich., Nov. 4, 2010 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today the completion of a $100.5 million asset-backed non-recourse secured financing (the "Financing"). Pursuant to this transaction, the Company contributed loans having a net book value of approximately $126.8 million to a who...

SOUTHFIELD, Mich., Oct 25, 2010 (GlobeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced today that we expect to issue a news release with our third quarter 2010 earnings on Monday, November 1, 2010, after the market closes. A webcast is scheduled for M...

SOUTHFIELD, Mich., Aug 3, 2010 (GlobeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $49.0 million, or $1.55 per diluted share, for the three months ended June 30, 2010 compared to consolidated net income of $36.2 million, or $...

SOUTHFIELD, Mich., Jul 23, 2010 (GlobeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced the final results of our tender offer, which expired at 5:00 p.m., New York City time, on July 19, 2010. We commenced the tender offer on June 18, 2010 to purchase up t...

SOUTHFIELD, Mich., Jun 18, 2010 (GlobeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced today that we have extended the expiration date of the revolving period on our $325.0 million revolving secured warehouse facility; commenced a tender offer; and announ...

SOUTHFIELD, Mich., Apr 29, 2010 (GlobeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $32.0 million, or $1.01 per diluted share, for the three months ended March 31, 2010 compared to consolidated net income of $29.0 million, or...

SOUTHFIELD, Mich., Feb 4, 2010 (GlobeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $40.3 million, or $1.27 per diluted share, for the three months ended December 31, 2009 compared to consolidated net income of $18.6 million, ...

SOUTHFIELD, Mich., Jan 25, 2010 (GlobeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (referred to as the "Company," "we," "our," or "us") announced today that it priced $250 million of 9.125% first priority senior secured notes due 2017 (the "notes") in its previously-announced offering in the United States to qualified institut...

SOUTHFIELD, Mich., Dec 3, 2009 (GlobeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today the completion of a $110.5 million asset-backed non-recourse secured financing (the "Financing"). Pursuant to this transaction, the Company contributed loans having a net book value of approximately $...