Credit Acceptance Announces Timing of Second Quarter 2020 Results and Webcast

Rhea-AI Summary

Credit Acceptance Corporation (CACC) will release its second quarter 2020 results on July 30, 2020, after market hours. A live webcast discussing these results is scheduled for the same day at 5:00 p.m. Eastern Time. This event can be accessed via the Investor Relations section of their website or by calling 877-303-2904. Since 1972, Credit Acceptance has provided financing options for consumers regardless of credit history through a network of automobile dealers, helping improve consumer credit scores and enable vehicle purchases.

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• Scheduled release of second quarter 2020 results may indicate forthcoming financial performance insights.
• Long-standing history of providing financing solutions since 1972 supports consumer access to vehicles.

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• None.

Southfield, Michigan , July 23, 2020 (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 second quarter 2020 results on Thursday, July 30, 2020, after the market closes. 

A webcast is scheduled for Thursday, July 30, 2020, at 5:00 p.m. Eastern Time to discuss second quarter 2020 results.  The webcast can be accessed live by visiting the “Investor Relations” section of our website at 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.

Investor Relations: Douglas W. Busk
Chief Treasury Officer
(248) 353-2700 Ext. 4432
IR@creditacceptance.com

FAQ

When will Credit Acceptance Corporation release its second quarter 2020 results?

Credit Acceptance Corporation will release its second quarter 2020 results on July 30, 2020, after the market closes.

How can I access the Credit Acceptance Corporation second quarter 2020 results webcast?

You can access the webcast by visiting the Investor Relations section of Credit Acceptance Corporation's website or by calling 877-303-2904.

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

Credit Acceptance Corporation's financing programs enable consumers with poor credit histories to purchase vehicles and improve their credit scores.

What is the stock symbol for Credit Acceptance Corporation?

The stock symbol for Credit Acceptance Corporation is CACC.