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Credit Acceptance: Q3 Earnings Snapshot
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SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Credit Acceptance Corp. (CACC) on Thursday reported a third-quarter loss of $56.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Southfield, Michigan-based company said it had a loss of $5.43. Earnings, adjusted for non-recurring costs, came to $13.01 per share.

The auto financing company posted revenue of $594.6 million in the period.

Credit Acceptance shares have increased 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $579.05, a climb of 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CACC at https://www.zacks.com/ap/CACC

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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