Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2020 Earnings Release and Webcast

Rhea-AI Summary

Credit Acceptance Corporation (Nasdaq: CACC) plans to release its fourth quarter and full year 2020 earnings on February 1, 2021, after market close. A webcast discussing these results will follow at 5:00 p.m. Eastern Time on the same day, accessible via their Investor Relations website or by phone. Credit Acceptance has been providing financing options since 1972, enabling consumers with poor credit histories to purchase vehicles. The company helps improve customers' credit scores by reporting to national credit agencies, facilitating access to traditional financing sources.

Positive

• Upcoming earnings release expected on February 1, 2021.
• Long-standing history of assisting consumers with poor credit since 1972.
• Programs help improve customers' credit scores, enabling access to traditional financing.

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• None.

Southfield, Michigan, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our fourth quarter and full year 2020 earnings on Monday, February 1, 2021, after the market closes. 

A webcast is scheduled for Monday, February 1, 2021, at 5:00 p.m. Eastern Time to discuss fourth quarter and full year 2020 results.  The webcast can be accessed live by visiting the “Investor Relations” section of our website at ir.creditacceptance.com or by dialing 877-303-2904.  Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website. 

Description of Credit Acceptance Corporation

Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.  Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.

Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.  Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing.  Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.  For more information, visit creditacceptance.com.

FAQ

What is the date of Credit Acceptance Corporation's upcoming earnings release?

Credit Acceptance Corporation will release its earnings on February 1, 2021.

What time is the webcast for Credit Acceptance Corporation's earnings results?

The webcast is scheduled for February 1, 2021, at 5:00 p.m. Eastern Time.

How can I access the earnings webcast for Credit Acceptance Corporation?

The webcast can be accessed via the Investor Relations section of Credit Acceptance's website or by calling 877-303-2904.

What is the significance of Credit Acceptance Corporation's financing programs?

Their financing programs allow consumers with poor credit histories to purchase vehicles, while also helping improve their credit scores.