SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Credit Acceptance Corp. (CACC) on Thursday reported third-quarter net income of $108.2 million.
On a per-share basis, the Southfield, Michigan-based company said it had net income of $9.43. Earnings, adjusted for non-recurring costs, were $10.28 per share.
The auto financing company posted revenue of $582.4 million in the period.
Credit Acceptance shares have declined roughly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $456, a decline of slightly more than 1% in the last 12 months.
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