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Credit Acceptance Q3 2023 Earnings Report

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$485.59 -11.59 (-2.33%)
(As of 12/13/2024 ET)

Credit Acceptance EPS Results

Actual EPS
$10.70
Consensus EPS
$12.88
Beat/Miss
Missed by -$2.18
One Year Ago EPS
N/A

Credit Acceptance Revenue Results

Actual Revenue
$478.60 million
Expected Revenue
$485.68 million
Beat/Miss
Missed by -$7.08 million
YoY Revenue Growth
N/A

Credit Acceptance Announcement Details

Quarter
Q3 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Credit Acceptance Earnings Headlines

Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
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About Credit Acceptance

Credit Acceptance (NASDAQ:CACC) engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company serves independent and franchised automobile dealers. Credit Acceptance Corporation was incorporated in 1972 and is headquartered in Southfield, Michigan.

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