Credit Acceptance Corp
NASDAQ:CACC
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Credit Acceptance Corp
Operating Expenses
Credit Acceptance Corp
Operating Expenses Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Operating Expenses | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Credit Acceptance Corp
NASDAQ:CACC
|
Operating Expenses
-$1.4B
|
CAGR 3-Years
-31%
|
CAGR 5-Years
-28%
|
CAGR 10-Years
-20%
|
||
Synchrony Financial
NYSE:SYF
|
Operating Expenses
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
Discover Financial Services
NYSE:DFS
|
Operating Expenses
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
American Express Co
NYSE:AXP
|
Operating Expenses
-$31.8B
|
CAGR 3-Years
-20%
|
CAGR 5-Years
-8%
|
CAGR 10-Years
-6%
|
||
Capital One Financial Corp
NYSE:COF
|
Operating Expenses
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
SoFi Technologies Inc
NASDAQ:SOFI
|
Operating Expenses
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
Credit Acceptance Corp
Glance View
In the bustling world of auto finance, Credit Acceptance Corp emerges as a distinctive player, crafting its niche in a market often wrought with complexity. Founded in 1972, the company specializes in providing financing programs to automobile dealerships that allow them to offer vehicle loans to consumers, regardless of their credit history. This model thrives on partnerships with registered car dealers nationwide, enabling Credit Acceptance to tap into a clientele segment often overlooked by traditional lenders. The company prides itself on offering a second chance for many, thus bridging the gap between stringent borrowing criteria and consumer demand. In essence, Credit Acceptance positions itself as a lifeline for dealerships and customers, using its proprietary Credit Approval Processing System (CAPS) to match consumer applications with its credit guidelines, hence securing a broader base of potential borrowers. The revenue engine fueling Credit Acceptance Corp is predominantly driven by the finance charges from these loans, capitalizing on higher interest rates associated with high-risk lending. The company derives its income through two primary channels: the Program and Portfolio programs. The Program segment allows dealers to share in the potential upside when collections exceed certain benchmarks, essentially giving them a stake in the loan's performance. Conversely, the Portfolio program shifts more responsibility to the dealer, enabling them to receive payments up-front in exchange for taking on more of the loan risk. This dual approach not only mitigates financial risk for Credit Acceptance but also aligns the company's interests with those of its dealer partners, ensuring a symbiotic relationship. Through these mechanisms, Credit Acceptance not only sustains its financial viability but also sustains its commitment to expanding car ownership across diverse economic demographics.
See Also
What is Credit Acceptance Corp's Operating Expenses?
Operating Expenses
-1.4B
USD
Based on the financial report for Sep 30, 2024, Credit Acceptance Corp's Operating Expenses amounts to -1.4B USD.
What is Credit Acceptance Corp's Operating Expenses growth rate?
Operating Expenses CAGR 10Y
-20%
Over the last year, the Operating Expenses growth was -17%. The average annual Operating Expenses growth rates for Credit Acceptance Corp have been -31% over the past three years , -28% over the past five years , and -20% over the past ten years .