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Credit Acceptance: Q4 Earnings Snapshot
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WTOP News
SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Credit Acceptance Corp. (CACC) on Thursday reported fourth-quarter earnings of $122 million.…SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Credit Acceptance Corp. (CACC) on Thursday reported fourth-quarter earnings of $122 million.
The Southfield, Michigan-based company said it had profit of $10.99 per share.
Earnings, adjusted for non-recurring costs, came to $11.35 per share.
Credit Acceptance shares have risen nearly 2% since the beginning of the year.
In the final minutes of trading on Thursday, shares hit $451.24, a drop of 14% in the last 12 months.