Credit Acceptance (CACC)
Financials · Subprime auto lending / indirect lending
Credit Acceptance finances vehicle purchases for subprime and non-prime consumers through a nationwide dealer network, generating returns through origination spreads and servicing revenue.
What Credit Acceptance does
Credit Acceptance provides financing solutions for auto dealers to sell vehicles to consumers with impaired or limited credit histories, regardless of credit score. The company operates primarily through two programs: the Portfolio Program (where it advances cash to dealers and services consumer loans) and the Purchase Program (where it purchases consumer loans outright). As an indirect lender, Credit Acceptance funds its loan portfolio through securitized financing and senior notes, generating revenue from finance charges, dealer holdback fees, insurance premiums, and other income. Approximately 80% of its consumer loans are made to borrowers with FICO scores below 650 or no FICO score.
Themes: ["Subprime auto lending","Auto dealer financing / indirect lending","Credit improvement / credit reporting","Non-prime consumers / alternative credit"]
Fundamentals
- Price$627.11 as of 2026-07-09 close
- Market cap$6.6B as of 2026-07-10
- 1-year return+19.6% as of 2026-07-09 close
- P/E14.51 as of 2026-07-10
- Net margin+19.5% as of 2026-07-10
- ROE+29.4% as of 2026-07-10
- Debt / equity4.23 as of 2026-07-10
- Revenue growth (YoY)+4.5% as of 2026-07-10
- Revenue CAGR (3y)+8.1% SEC XBRL
- Beta1.34 as of 2026-07-10
Key risks (from latest filing)
["Credit loss risk from loans to borrowers with impaired credit histories; the company maintains a 31% allowance for credit losses against gross loans receivable","Funding and capital access risk; the company relies on securitized financing and senior notes to fund the loan portfolio, and disruptions in capital markets could constrain growth","Economic and unemployment risk; an economic downturn could increase consumer delinquencies and default rates on subprime auto loans"]
Competitors & peers
- Santander Consumer USA (SC)
- Ally Financial
- Capital One Auto Finance
- AmeriCredit (part of General Motors Financial Company)
- Carvana
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.