Credit Acceptance Announces First Quarter 2024 Results

April 30, 2024

https://www.globenewswire.com/news-release/2024/04/30/2872747/3872/en/Credit-Acceptance-Announces-First-Quarter-2024-Results.html

Southfield, Michigan , April 30, 2024 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $64.3 million, or $5.08 per diluted share, for the three months ended March 31, 2024 compared to consolidated net income of $99.5 million, or $7.61 per diluted share, for the same period in 2023. Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2024 was $117.4 million, or $9.28 per diluted share, compared to $127.0 million, or $9.71 per diluted share, for the same period in 2023. The following table summarizes our financial results:

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