CREDIT ACCEPTANCE CORP (CACC)

Credit Acceptance Corp. engages in the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. Its financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers. The company was founded by Donald A. Foss in 1972 and is headquartered in Southfield, MI.

Address

25505 WEST TWELVE MILE ROAD
SOUTHFIELD, MI 48034-8334

Founded

1972

Number of Employees

2,232

Website

http://www.creditacceptance.com

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )		 $343,386 $86,527 $121,708 $123,407 $129,147 $300,379 $480,716 $1,471,590 $773,945 $201,388 $249,605 $389,254
Average Price $127.81 $184.07 $182.65 $202.22 $376.60 $421.61 $374.92 $510.24 $526.77 $492.01 $540.22 $356.95
# Shares Purchased 2,686,744 470,071 666,330 610,260 342,928 712,448 1,282,166 2,884,126 1,469,226 409,317 462,045 1,090,515
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 238.0% 134.7% 136.5% 113.6% 14.7% 2.5% 15.2% -15.3% -18.0% -12.2% -20.0% 21.0%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return 56.2% -38.3% -32.1% -16.1% -90.2% -90.6% -59.6% -47.0% -55.3% -43.5% -27.4% -72.9%
Quartile Rank
Percentile Rank 80% 67% 67% 72% 43% 36% 38% 34% 30% 25% 13% 56%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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