Credit Acceptance Corp.

Credit Acceptance Corp.

Credit Acceptance Corp.

Overview
Date Founded

1972

Headquarters

25505 WEST TWELVE MILE ROAD, SOUTHFIELD, MI, 48034

Type of Company

Public

Employees (Worldwide)

2,040

Industries

Retail & Commercial Banking
Consumer Finance

Company Description

Credit Acceptance Corp. engages in the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. Its financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers. The company was founded by Donald A. Foss in 1972 and is headquartered in Southfield, MI.

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Executives & Employees

Chief Executive Officer

Chief Financial Officer & Principal Accounting Officer

Chief Operating Officer

Chief Information Officer

Chief Sales Officer

Chief Analytics Officer

Chief Legal Officer & Corporate Secretary

Treasurer, Senior Vice President & Head-Investor Relations

Chief Financial Officer

Board of Directors

President at Prescott General Partners LLC

Co-Founder at Blink Health LLC

Executive Vice President & Senior Advisor at Whole Foods Market, Inc.

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Owners & Shareholders
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Founded by Thomas W. Smith in 1973, Prescott Investors, Inc. is a hedge fund manager located in Boca Raton, Florida.

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RCG typically manages accounts in accordance with their overall investment objective and strategy, which seeks long-term growth of capital. They use fundamental analysis in formulating investment advice and managing client assets. Fundamental analysis of issuers involves analyzing an issuer's financial statements, management and competitive advantages, and competitors and markets. The firm typically employs bottom-up fundamental analysis. RCG seeks to meet their overall objective and strategy by investing in equity and debt securities of issuers identified by the Adviser through its fundamental, bottom-up analysis of issuers. The firm invests in equity securities of US and non-US issuers on behalf of their clients. The firm also invests in fixed-income and debt securities on behalf of their clients. In connection with managing the private funds, and some managed accounts, RCG or their supervised persons may also invest in other securities and instruments, including derivatives.

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BloombergSen is a value manager which aims to maximize absolute returns over the long-term while preserving principal. The firm invests only in companies that are selling for significantly less than their conservative estimate of their intrinsic value. They sell short companies that are selling far in excess of their estimate of intrinsic value. BloombergSen looks for companies with stable demand, limited competition, high barriers to entry and strong growth opportunities. They target companies with the potential to produce high returns on capital and generate strong free cash flow.

Recent Transactions
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Credit Acceptance Corp. issued Common Stock

Insider Transactions
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Transaction Advisors
Underwriter

Advised onCredit Acceptance Corp. issued Common Stock

Escrow Agent

Advised onCredit Acceptance Corp. issued Common Stock

Underwriter

Advised onCredit Acceptance Corp. issued Common Stock

Underwriter

Advised onCredit Acceptance Corp. issued Common Stock

Chair, Securities Practice Group

Advised onCredit Acceptance Corp. issued Common Stock

Legal Advisor

Advised onCredit Acceptance Corp. issued Common Stock

Advisors & Consultants
Legal Advisor

Partner at Skadden, Arps, Slate, Meagher & Flom LLP

Advisor

Founder at Droste Group

Key Stats and Financials As of 2018
Market Capitalization
$8.14B
Total Enterprise Value
$10.9B
Earnings Per Share
$29.39
Revenue
$1.29B
Net Profit
$574M
Total Debt
$3.82B
Total Equity
$1.99B
EBITDA
$988M
EBITDAMargin
76.84%
Enterprise Value EBITDAOperating
11.08x
Five Year Compounded Annual Growth Rate Of Revenue
13.52%
Three Year Compounded Annual Growth Rate Of Revenue
15.93%
Debt TEV
0.35x
TEVNet Income
19.07x
Enterprise Value Sales
8.51x
Non-Profit Donations & Grants
Awards & Honors
Rank #43
2017
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