Credit Acceptance Corporation Named a Top Workplace in Southfield, Michigan for 2024

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Credit Acceptance ($NASDAQ:CACC) Corporation is a leading provider of auto financing services for consumers with subprime credit. It is publicly traded on the Nasdaq stock exchange under the ticker symbol CACC. The company offers financing options for individuals who may have difficulty obtaining traditional bank loans due to their credit history. This includes individuals with low credit scores, limited credit history, or past financial challenges. Credit Acceptance has built a reputation for providing responsible and sustainable lending solutions to these underserved consumers. In addition to its core auto financing business, Credit Acceptance also offers consulting and training services to help dealerships improve their operations and increase profitability. This unique business model has contributed to the company’s success and growth over the years.

This honor is a testament to the company’s commitment to creating a positive work environment for its employees and fostering a culture of excellence. Credit Acceptance takes pride in its diverse and inclusive workforce, with employees from various backgrounds and experiences. The company values its employees and invests in their growth and development through training, mentorship programs, and career advancement opportunities. The company’s strong leadership, transparent communication, and employee-centric policies have contributed to its high employee satisfaction and retention rates. Credit Acceptance also offers competitive benefits and compensation packages to its employees, further reinforcing its commitment to being a top workplace. As the company continues to grow and expand its services, it remains dedicated to creating a positive and fulfilling work environment for all its employees.

Stock Price

This accolade was given to them due to their exceptional performance and dedication to creating a positive work environment for their employees. On Friday, the company’s stock opened at $423.54 and closed at $432.34, showing an impressive increase of 2.6% from the previous day’s closing price of $421.39. This upward trend in stock performance is a testament to the company’s strong financial standing and successful business strategies. The company has always prioritized employee satisfaction and has consistently received positive reviews from its employees. This recognition only solidifies their reputation as a desirable employer in the area. The award also reflects Credit Acceptance‘s commitment to creating a positive and inclusive work culture.

The company has implemented various initiatives to promote diversity, equity, and inclusion within their workforce. This not only benefits their employees but also helps drive innovation and success within the company. Moreover, this achievement showcases Credit Acceptance’s dedication to supporting its employees’ growth and development. The company offers various training and development programs to enhance their employees’ skills and knowledge, ensuring a constantly evolving and motivated workforce. With continued success in both aspects, the company is well on its way to achieving even greater heights in the years to come. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Credit Acceptance. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Credit Acceptance. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Credit Acceptance. More…

Key Ratios Snapshot

Some of the financial key ratios for Credit Acceptance are shown below. More…

Analysis

After conducting our analysis of CREDIT ACCEPTANCE‘s state of well-being, we have found that the company is in a strong financial position. Our star chart shows that CREDIT ACCEPTANCE has a high health score of 9/10, indicating that the company’s cashflows and debt are in good shape. This means that CREDIT ACCEPTANCE is capable of sustaining its future operations even in times of crisis. In terms of specific categories, our analysis reveals that CREDIT ACCEPTANCE is strong in the asset category, with a medium score in growth, profitability, and weak in dividend. This indicates that the company has a solid foundation of assets, but may not be as focused on distributing dividends to shareholders. This could be due to the company’s focus on reinvesting profits back into the business for future growth and expansion. Based on our assessment, we classify CREDIT ACCEPTANCE as an “elephant” company. This means that it is rich in assets after deducting off liabilities. With a high health score and strong asset base, CREDIT ACCEPTANCE is well-equipped to weather any potential financial challenges and continue to grow in the long term. Investors who may be interested in CREDIT ACCEPTANCE are those who prioritize stability and long-term growth potential. The company’s strong financial position and focus on reinvesting profits for growth make it an attractive option for investors looking for a solid investment opportunity. However, investors seeking immediate returns through dividends may not find CREDIT ACCEPTANCE as appealing, as the company prioritizes reinvesting profits for future growth. Overall, CREDIT ACCEPTANCE presents a promising opportunity for investors looking for a well-established and financially secure company with potential for long-term growth. More…

Peers

The company has been in business for over 40 years and has a long history of helping people get the financing they need. The company’s main competitors are Shriram Transport Finance Co Ltd, Consumer Portfolio Services Inc, and Singapura Finance Ltd. All of these companies are similar to Credit Acceptance Corp in that they provide financing to people with bad credit.

However, each company has its own unique history and approach to business.

– Shriram Transport Finance Co Ltd ($BSE:511218)

Shriram Transport Finance Co Ltd is one of India’s leading providers of financing solutions for the transport sector. The company has a market cap of 326.73B as of 2022 and a Return on Equity of 11.6%. STFC has a strong focus on the trucking industry and has a diversified portfolio of products and services that cater to the needs of its customers. The company has a wide network of branches across India and is well-positioned to capitalize on the growing demand for transport financing in the country.

– Consumer Portfolio Services Inc ($NASDAQ:CPSS)

Founded in 1991, Consumer Portfolio Services, Inc. is a provider of indirect automobile financing solutions in the United States. The company operates in two segments, Consumer Loans and Dealer Loans. The Consumer Loans segment offers loans to purchase vehicles through a network of automobile dealerships that sell used vehicles to consumers with limited access to automotive financing. The Dealer Loans segment provides inventory financing to a network of automobile dealerships.

– Singapura Finance Ltd ($SGX:S23)

Singapura Finance Ltd is a finance company that provides a range of financial services to individuals and businesses in Singapore. The company has a market capitalization of 115.84 million as of 2022 and a return on equity of 2.69%. Singapura Finance Ltd offers a range of services including personal loans, home loans, credit cards, and investment products. The company has a strong focus on providing excellent customer service and offering competitive rates and products.

Summary

Credit Acceptance Corporation has been recognized as one of the 2024 Best Workplaces in Southfield, Michigan. The company, also known as Credit Acceptance, is a leader in the field of auto financing and offers subprime loans to customers with less than perfect credit scores. Their dedication to creating a positive work environment has earned them recognition as a top workplace.

This could potentially have a positive impact on the company’s performance and stock price in the future. Furthermore, their strong position in the subprime lending market could make them a potential player for investors looking to diversify their portfolio.