Credit Acceptance (NASDAQ:CACC – Get Free Report) posted its quarterly earnings results on Tuesday. Credit Acceptance Trading Up 2.6%Shares of NASDAQ CACC traded up $14.88 during trading on Tuesday, reaching $587.85. By purchasing retail installment contracts originated by these dealers, Credit Acceptance provides capital and credit insurance to support vehicle sales, enabling dealers to broaden their customer base and reduce credit risk. Through its proprietary underwriting platform and risk management strategies, Credit Acceptance evaluates borrower applications, structures credit plans, and retains servicing rights on the acquired contracts. Recommended StoriesReceive News & Ratings for Credit Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Acceptance and related companies with MarketBeat.com's FREE daily email newsletter.