SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Credit Acceptance Corp. (CACC) on Thursday reported fourth-quarter profit of $151.9 million.
On a per-share basis, the Southfield, Michigan-based company said it had profit of $12.26.
The auto financing company posted revenue of $565.9 million in the period.
For the year, the company reported profit of $247.9 million, or $19.88 per share. Revenue was reported as $2.16 billion.
Credit Acceptance shares have increased 9.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $514.06, a decline of slightly more than 7% in the last 12 months.
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