Credit Acceptance Announces Timing of Second Quarter 2022 Earnings Release and Webcast

Rhea-AI Summary

Credit Acceptance Corporation (CACC) announced plans to release its second quarter 2022 earnings on August 1, 2022, post-market close. A webcast is scheduled for the same day at 5:00 PM ET to discuss the earnings. Interested participants can register for the conference call via a provided link to access dial-in numbers. Credit Acceptance has been facilitating auto financing since 1972, helping consumers with poor credit obtain vehicles and improve their credit scores through their programs.

Positive

• Scheduled release of second quarter earnings on August 1, 2022.
• Webcast for earnings discussion enables shareholder engagement.

Negative

• None.

Southfield, Michigan , July 25, 2022 (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 2022 earnings on Monday, August 1, 2022, after the market closes. A webcast is scheduled for Monday, August 1, 2022, at 5:00 p.m. Eastern Time to discuss second quarter earnings. 

Conference Call and Webcast Information:
Date: Monday, August 1, 2022
Time: 5:00 p.m. Eastern Time

Telephone Access: 

To participate by telephone, including those who wish to ask questions, you must pre-register using the following link:

https://register.vevent.com/register/BI47fcdf0121524269bf5002fb4ef96bd3 

or through the link posted on the “Investor Relations” section of our website at ir.creditacceptance.com. Upon registering you will be provided with the dial-in number and a PIN to access the call.

Webcast Access:

The webcast can be accessed live by visiting the “Investor Relations” section of our website at ir.creditacceptance.com.

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

When will Credit Acceptance Corporation announce its second-quarter earnings for 2022?

Credit Acceptance Corporation will announce its second quarter earnings on August 1, 2022.

What time is the webcast for Credit Acceptance Corporation's second quarter earnings call?

The webcast is scheduled for August 1, 2022, at 5:00 PM ET.

How can I participate in the Credit Acceptance Corporation earnings call?

To participate in the earnings call, you must pre-register using the provided link in the press release.

What is the importance of the financing programs offered by Credit Acceptance Corporation?

Their financing programs help consumers with poor credit obtain vehicles and improve their credit scores.

Where can I find more information about Credit Acceptance Corporation?

More information can be found on their official website at creditacceptance.com.