Credit Acceptance: Q2 Earnings Snapshot

SOUTHFIELD, Mich. (AP) _ Credit Acceptance Corp. (CACC) on Thursday reported second-quarter net income of $288.6 million.

The Southfield, Michigan-based company said it had net income of $17.18 per share.

The auto financing company posted revenue of $471.7 million in the period.

Credit Acceptance shares have climbed 37% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $475.08, a decline of roughly 1% in the last 12 months.

This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CACC at

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