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 (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CACC at https://www.zacks.com/ap/CACC

Categories: Business News