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

Rhea-AI Summary

Credit Acceptance Corporation (CACC) has announced its third quarter 2022 earnings will be released on November 1, 2022, after market close. A conference call and webcast will be held the same day at 5:00 p.m. ET to discuss these earnings. The company, which has been providing financing solutions for automobile dealers since 1972, offers programs that allow consumers with poor credit histories to purchase vehicles. Credit Acceptance also helps consumers improve their credit scores, paving the way for more traditional financing options in the future.

Positive

• Scheduled earnings release may indicate stable operational reporting.
• Support for consumers with poor credit may enhance market demand for financing programs.

Negative

• None.

Southfield, Michigan , Oct. 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 third quarter 2022 earnings on Tuesday, November 1, 2022, after the market closes. A webcast is scheduled for Tuesday, November 1, 2022, at 5:00 p.m. Eastern Time to discuss third quarter earnings. 

Conference Call and Webcast Information:
Date: Tuesday, November 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/BI159aab04a43b4129bbd22bf496f5e30d

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 unique 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 (CACC) announce its third quarter 2022 earnings?

Credit Acceptance Corporation will announce its third quarter 2022 earnings on November 1, 2022, after the market closes.

What time is the webcast for Credit Acceptance's third quarter earnings?

The webcast for Credit Acceptance's third quarter earnings is scheduled for November 1, 2022, at 5:00 p.m. Eastern Time.

How can I participate in the Credit Acceptance earnings call?

To participate in the Credit Acceptance earnings call, you must pre-register through their website to receive the dial-in number and unique PIN.

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.