CACC
Closed
Credit Acceptance Corporation
529.41
+19.98 (+3.92%)
Last Update: 01 Jul 2025 23:00:00
Yesterday: 509.43
Day's Range: 503.14 - 530.15
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When Written:
436.04
Credit Acceptance Corporation (CAC) is a publicly-traded company headquartered in Southfield, Michigan, USA. The company provides financing programs and related services to automobile dealers in the United States. CAC was founded in 1972 and has grown to become one of the largest subprime auto lenders in the country.
CAC's primary business is to provide financing to customers with poor credit ratings who are unable to obtain financing from traditional lenders. The company purchases retail installment contracts from dealerships and services the loans on behalf of the investors who hold them. CAC also provides training and support to dealerships to help them sell more vehicles and improve their profitability.
As of 2021, CAC has over 12,000 active dealerships in its network and has financed over 1.5 million vehicles. The company has a market capitalization of over $9 billion and is listed on the Nasdaq stock exchange under the ticker symbol CACC.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
CAC's primary business is to provide financing to customers with poor credit ratings who are unable to obtain financing from traditional lenders. The company purchases retail installment contracts from dealerships and services the loans on behalf of the investors who hold them. CAC also provides training and support to dealerships to help them sell more vehicles and improve their profitability.
As of 2021, CAC has over 12,000 active dealerships in its network and has financed over 1.5 million vehicles. The company has a market capitalization of over $9 billion and is listed on the Nasdaq stock exchange under the ticker symbol CACC.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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