![CREDIT ACCEPTANCE CORP [CACC] posts $535.80M profit as revenue falls 1.27% to $1,832.40M](/_next/image?url=http%3A%2F%2F10kinfo-appdata.s3.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCACC.png&w=3840&q=75)
CREDIT ACCEPTANCE CORP [CACC] posts $535.80M profit as revenue falls 1.27% to $1,832.40M
By USInMinutes
Published - Feb 19, 2023, 01:50 AM ET
Last Updated - Feb 20, 2023, 08:32 AM EST
| EPS: | 39.32 | Net Sales: | $1,832.40M |
CREDIT ACCEPTANCE CORP [CACC] posted a profit of $535.80M, marking a fall of 44.09% for this year.
Revenue fell to $1,832.40M this year compared to $1,856.00M in the previous year.
The Michigan(MI)-based company’s earnings per share came in at 39.32, compared to 59.52 in the last report.
According to the latest annual report the company has filed with the SEC, current earnings were $535.80M, down 44.09% from $958.30M.
The company’s net sales for the period were $1,832.40M, down 1.27%. Net sales in the previous year were $1,856.00M.
