NASDAQ$CACC

Credit Acceptance · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Credit Acceptance reported Q4 2019 earnings with increased net income and adjusted net income compared to the same period in 2018.

Credit Acceptance Corporation announced consolidated net income of $161.9 million, or $8.60 per diluted share, for the three months ended December 31, 2019, compared to $151.9 million, or $7.79 per diluted share, for the same period in 2018. Adjusted net income for the three months ended December 31, 2019, was $173.5 million, or $9.22 per diluted share, compared to $153.0 million, or $7.85 per diluted share, for the same period in 2018.

  • Net income increased to $161.9 million, or $8.60 per diluted share.
  • Adjusted net income reached $173.5 million, or $9.22 per diluted share.
  • Finance charges increased by 13.5% due to loan portfolio growth.
  • Unit volume declined 5.3% while dollar volume grew 1.1%.

Headline financials

Total Revenue

$386M

Previous: $343M+12.6%
EPS (adj)

$9.22

Previous: $7.85+17.5%
Consumer Loan unit volume

78.0K

Previous: 82.4K-5.3%
Active dealers

9.3K

Previous: 8.8K+4.7%
Average volume per active dealer

8.4

Previous: 9.3-9.7%
Capital Expenditures

$3.2M

Previous: $3M+6.7%
Free Cash Flow

$201M

Previous: $200M+0.6%
Net Income

$162M

Previous: $152M+6.6%
Operating Income

$215M

No prior period
Gross Profit

$262M

Previous: $233M+12.3%
Cash & Equivalents

$187M

Previous: $25.7M+629.2%
Total Assets

$7.42B

Previous: $6.24B+19.0%
Stock-Based Comp

$1.9M

Previous: $2.5M-24.0%

Revenue & EPS history

Credit Acceptance · Revenue · Quarterly

$386M

Q4 2019+12.6%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Credit Acceptance · $386M total across 3 segments · Q4 2019

  • Finance charges
    $356M
  • Other income
    $17M
  • Premiums earned
    $12.8M

Forward guidance

This document does not contain forward guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-0.3%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.6%

Avg return

30 days after

40%

26 / 65 earnings

Positive

+21.3%

Q1 2022

Best reaction

-15.8%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%-0.7%+3.5%
Q4 2025+10.6%+12.4%+4.9%
Q3 2025+0.9%-0.2%+2.1%
Q1 2025-4.0%+2.0%-2.1%
Q4 2024-1.2%+1.0%-4.2%
Q3 2024-6.1%-6.4%+10.0%
Q2 2024-15.8%-18.4%-19.7%
Q1 2024-6.9%-4.3%-7.9%
Q4 2023+4.9%+1.9%-0.4%
Q3 2023-0.5%+9.6%+11.4%
Q2 2023-13.1%-10.5%-9.9%
Q1 2023-12.1%-8.0%-9.0%
Q4 2022+17.2%+17.6%+0.0%
Q3 2022-6.1%-4.9%+1.9%
Q2 2022-8.2%-5.5%-7.6%
Q1 2022+21.3%+17.0%+13.9%
Q4 2021-0.9%-1.9%+4.5%
Q3 2021+12.1%+14.7%+4.5%
Q2 2021+2.6%+14.5%+22.5%
Q1 2021+0.4%+6.3%+13.8%
Q4 2020-14.1%-10.1%-2.8%
Q3 2020-4.9%-3.7%-4.4%
Q2 2020-2.4%-0.9%-4.2%
Q1 2020+4.1%+11.5%+16.5%
Q4 2019-7.1%-6.3%-12.6%
Q3 2019-6.0%-3.2%-1.7%
Q2 2019-2.1%-4.5%-5.9%
Q1 2019-1.0%-0.7%-6.9%
Q4 2018-2.6%+4.4%+9.3%
Q3 2018+8.4%+6.8%+3.9%
Q2 2018+13.7%+18.7%+20.0%
Q1 2018-2.1%-0.6%+8.1%
Q4 2017-11.5%-14.4%-14.6%
Q3 2017-4.1%-6.1%+1.7%
Q2 2017+9.1%+9.1%+8.9%
Q1 2017+7.9%+6.1%+5.8%
Q4 2016-5.5%-1.7%-1.4%
Q3 2016-11.4%-9.2%+3.8%
Q2 2016+5.0%+6.1%+8.0%
Q1 2016-5.8%
Q4 2015-3.4%
Q3 2015-13.1%
Q2 2015+9.8%
Q1 2015+9.9%
Q4 2014+13.4%
Q3 2014+6.3%
Q2 2014-3.6%
Q1 2014-6.9%
Q4 2013+8.1%
Q3 2013-0.7%
Q2 2013+0.4%
Q1 2013-2.2%
Q4 2009-7.5%
Q4 2012+3.5%
Q3 2012-0.1%
Q2 2012+4.2%
Q1 2011-7.3%
Q1 2012-0.5%
Q4 2011+0.0%
Q3 2011+5.6%
Q3 2010+5.6%
Q2 2011-0.7%
Q4 2010-0.7%
Q2 2010-0.7%
Q1 2010-0.1%

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