Credit Acceptance Corporation (CACC) Q3 2018 Earnings Results

Credit Accept Corp MI Beats on EPS, Stock Down 1.5%

Credit Accept Corp MI reported strong earnings per share, beating expectations by over 10%. However, the stock fell by 1.5% following the report, indicating that investors may have been looking for more comprehensive revenue details or guidance. The lack of revenue data and forward guidance could have contributed to the stock's decline.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$7.56	N/A	+10.21%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Cautiously Optimistic

Management expressed satisfaction with the EPS results, highlighting a commitment to their long-term goals despite current challenges.

We are pleased with our EPS performance this quarter.

While we faced challenges, we remain focused on our long-term strategy.

Credit Accept Corp MI Beats on EPS, Stock Down 1.5%

Key numbers

Management commentary

Credit Acceptance Corporation

More earnings this week

Credit Accept Corp MI Beats on EPS, Stock Down 1.5%

Key numbers

Management commentary