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Dec 31, 2020
Credit Acceptance Q4 2020 Earnings Report
Credit Acceptance's Q4 2020 earnings were announced, revealing an increase in net income and adjusted net income per diluted share compared to the same period in 2019.
Key Takeaways
Credit Acceptance Corporation reported consolidated net income of $166.3 million, or $9.43 per diluted share, for the three months ended December 31, 2020, compared to $161.9 million, or $8.60 per diluted share, for the same period in 2019. Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2020 was $189.5 million, or $10.75 per diluted share, compared to $173.5 million, or $9.22 per diluted share, for the same period in 2019. Consumer Loan unit volume decreased by 18.1% during the fourth quarter of 2020.
Net income increased to $166.3 million, or $9.43 per diluted share, compared to $161.9 million, or $8.60 per diluted share, for the same period in 2019.
Adjusted net income increased to $189.5 million, or $10.75 per diluted share, compared to $173.5 million, or $9.22 per diluted share, for the same period in 2019.
Consumer Loan unit volume declined 18.1% and dollar volume declined 10.8% during the fourth quarter of 2020.
Active dealers decreased by 8.6% while average unit volume per active dealer declined 9.5%.
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
The company did not provide forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income