Credit Acceptance Announces Timing of Third Quarter 2020 Results and Webcast

Rhea-AI Summary

Credit Acceptance Corporation (CACC) announced that it will release its third quarter 2020 financial results on October 29, 2020, after market close. A webcast to discuss these results is scheduled for the same day at 5:00 p.m. ET. The company provides financing programs for automobile dealers, enabling them to sell vehicles to consumers with poor credit histories. Through these programs, consumers can improve their credit scores while accessing reliable vehicles. More details can be found on their official website.

Positive

• Scheduled release of Q3 2020 results indicates transparency with investors.
• Webcast allows for direct engagement with shareholders and stakeholders.

Negative

• None.

Southfield, Michigan, Oct. 22, 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 third quarter 2020 results on Thursday, October 29, 2020, after the market closes. 

A webcast is scheduled for Thursday, October 29, 2020, at 5:00 p.m. Eastern Time to discuss third 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.

FAQ

When will Credit Acceptance Corporation announce its third quarter 2020 results?

Credit Acceptance Corporation will announce its third quarter 2020 results on October 29, 2020, after the market closes.

What time is the Credit Acceptance Corporation Q3 2020 results webcast?

The webcast to discuss the Q3 2020 results is scheduled for October 29, 2020, at 5:00 p.m. ET.

Where can I access the Credit Acceptance Corporation Q3 2020 results webcast?

The Q3 2020 results webcast can be accessed via the 'Investor Relations' section of the Credit Acceptance website.

What services does Credit Acceptance Corporation provide?

Credit Acceptance Corporation provides financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.