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Dec 31, 2019
Credit Acceptance Q4 2019 Earnings Report
Credit Acceptance reported Q4 2019 earnings with increased net income and adjusted net income compared to the same period in 2018.
Key Takeaways
Credit Acceptance Corporation announced consolidated net income of $161.9 million, or $8.60 per diluted share, for the three months ended December 31, 2019, compared to $151.9 million, or $7.79 per diluted share, for the same period in 2018. Adjusted net income for the three months ended December 31, 2019, was $173.5 million, or $9.22 per diluted share, compared to $153.0 million, or $7.85 per diluted share, for the same period in 2018.
Net income increased to $161.9 million, or $8.60 per diluted share.
Adjusted net income reached $173.5 million, or $9.22 per diluted share.
Finance charges increased by 13.5% due to loan portfolio growth.
Unit volume declined 5.3% while dollar volume grew 1.1%.
Credit Acceptance
Credit Acceptance
Credit Acceptance Revenue by Segment
Revenue by Segment
Finance Charges Revenue
CapyFin.comPremiums Earned Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
This document does not contain forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income