Credit Acceptance Announces Fourth Quarter and Full Year 2023 Results
Southfield, Michigan, Jan. 31, 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 $93.6 million, or $7.29 per diluted share, for the three months ended December 31, 2023 compared to consolidated net income of $127.3 million, or $9.58 per diluted share, for the same period in 2022. Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2023 was $129.1 million, or $10.06 per diluted share, compared to $156.1 million, or $11.74 per diluted share, for the same period in 2022. The following table summarizes our financial results:
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