SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Credit Acceptance Corp. (CACC) on Tuesday reported second-quarter net income of $135.9 million.
The Southfield, Michigan-based company said it had net income of $12.66 per share. Earnings, adjusted for non-recurring gains, came to $12.12 per share.
The auto financing company posted revenue of $587.4 million in the period.
Credit Acceptance shares have increased 33% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $587.85, an increase of 31% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CACC at https://www.zacks.com/ap/CACC
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
