mobile menu
business
COMPANY BENCHMARKING • UNITED STATES

Credit Acceptance Corp - Company Profile

Access all 5,000+ company profiles through the Benchmarking Pro Membership. Unlock interactive competitor comparison tools that show you how Credit Acceptance Corp stacks up to the competition and put relevant competitor and industry information at your fingertips.


Credit Acceptance Corp - Overview

Description
Credit Acceptance is a public company headquartered in Michigan with an estimated 2,073 employees. In the US, the company has a notable market share in at least one industry: Subprime Auto Loans, where they account for an estimated 10.6% of total industry revenue and are considered a Disruptor because they display lower to medium market share that’s rising rapidly, but weaker profits compared to some of their peers.
Company Details

Registered Name: Credit Acceptance Corp

Company Type: Operating

Exchange: Nasdaq

Headquarters: 25505 West Twelve Mile Road Southfield MI 48034-8334

Employees: 2073

Credit Acceptance Corp - Operating Industries and Main Competitors

error_outline To view all of Credit Acceptance Corp's operating industries and competitors, see purchase options.

Credit Acceptance Corp - Products and Services

  • Subprime Auto Loans in the US

  • Of the 6 core revenue-generating products and services in the Subprime Auto Loans in the US industry, Credit Acceptance Corp offers:
    • New car loans
    • Used car loans
error_outline To view Credit Acceptance Corp's full products and services, see purchase options.

Credit Acceptance Corp - Analyst Insights

Major changes to Credit Acceptance executive leadership

In April of 2021 the company announced that Brett A. Roberts, the CEO, President, and member of the Company’s Board of Directors will retire at the end of the quarter in May. In his place, the company appointed Kenneth S. Booth as his successor as CEO and for Vinayak R. Hedge to fill his seat on the Board of Directors. Booth has been with the company since 2004 and is known for his excellent leadership and respect within the company. They are confident about the appointment of Booth, and see it as a natural step for the company.

COVID|Labor|New Activity|ESG|Structural|Discontinued Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

Lorem Ipsum text header Report Title

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.

Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.

error_outline To view all analyst insights on Credit Acceptance Corp, see purchase options.

Credit Acceptance Corp - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Credit Acceptance Corp's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Subprime Auto Loans in the US industry.
Strengths
Days Receivables: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
Purchase a membership to unlock the full SWOT analysis of this company.
lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
  • AAAAA
  • AAAAA
  • AAAAA
Threats
  • AAAAA
  • AAAAA
  • AAAAA

error_outline To view Credit Acceptance Corp's full SWOT analysis, see purchase options.

Credit Acceptance Corp - Financial Statements & Ratios

pie_chartCredit Acceptance Corp Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Revenue1,901.91,832.41,856.01,669.31,489.01,285.8
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartCredit Acceptance Corp Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Cash and Equivalents13.27.723.316.0187.425.7
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartCredit Acceptance Corp Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Net IncomeN/AN/AN/AN/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

error_outline To view all financial data for Credit Acceptance Corp, see purchase options.

GET INSTANT ACCESS WITH BENCHMARKING PRO MEMBERSHIP

100% Money Back Guarantee Digicert Trusted

BENCHMARKING PRO

What's Inside
Benchmarking Pro?

A suite of company and industry data that:

Benchmarks companies against industry averages or like-sized segments, as well as close competitors
Identifies real-world strengths, opportunites, weaknesses and threats
Reveals growth opportunities or red flags in a business growth strategy

Included in Report

  • Enterprise History & Synopsis
    Enterprise History & Synopsis
  • Enterprise Financial Statements
    Company Financial Statements
  • Financial Ratios
    Industry Market Share Breakdown
  • Industry Averages
    Industry Competitor Matrix
  • Competitive Landscape
    SWOT Analysis
  • Key Enterprise Personnel
    Products and Services
  • Subsidiaries & Ownership Structure
    Key Company Benchmarks

Why purchase access to Benchmarking Pro?

This profile on Credit Acceptance Corp includes:

  • Company Overview
  • Company Revenue and Employee Data
  • Company Financial Statements
  • Industry Market Share Breakdown
  • Industry Competitor Matrix
  • SWOT Analysis
  • Products and Services
  • Key Company Benchmarks
  • Interconnected Competitor Profiles and Industry Reports
  • Full Access to Benchmarking Pro

The IBISWorld Benchmarking Pro solution enables you to:

  • Understand an enterprise’s competitive landscape and how they perform within a like-sized industry segment.
  • Benchmark companies against industry averages, segment averages and their competitors.
  • Identify real-world strengths, opportunities, weaknesses and threats for companies.
  • Target growth opportunities or spot red flags in a business growth strategy.
  • Toggle between company profiles and industry reports for a 360 degree view of a company's position.

IBISWorld provides profiles on thousands of leading companies around the world. Our clients rely on our information and data to stay up-to-date on business and industry trends across all sectors of the economy. This company profile, along with the corresponding competitor and industry data provided, includes thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal