Company
Credit Acceptance Corporation
Headquarters: Southfield, MI, United States
Founded: 1972
Employees: 2,073
CEO: Mr. Kenneth S. Booth
Market Cap
$6.56 Billion
USD as of Jan. 1, 2024
Credit Acceptance Corporation Categories
United States Financials Credit ServicesUnited States Financials United States Credit Services
Top Competitors by Market Capitalization
Industry: Credit Services
| Company | Market Cap (USD) |
|---|---|
| Visa | $530.20 B |
| Mastercard | $392.71 B |
| American Express | $136.38 B |
| PayPal | $63.02 B |
| Capital One Financial Corporation | $49.78 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts 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 was founded in 1972 and is headquartered in Southfield, Michigan.
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Stocks & Indices
Credit Acceptance Corporation has the following listings and related stock indices.
Stock: NASDAQ: CACC wb_incandescent
Stock: Bovespa: CRDA34 wb_incandescent
Stock: FSX: 2D5 wb_incandescent
Product & Services
Credit Services
Key People
Founder(s): Donald Foss
Kenneth S. Booth (CEO)
Financials
Operating income: US$857.5 million (2019)
Net income: US$656.1 million (2019)
Total assets: US$7.42 billion (2019)