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CACC| Name | Value |
|---|---|
| Revenues | 508.0M |
| Cost of Revenue | 7.1M |
| Gross Profit | 500.9M |
| Operating Expense | 136.0M |
| Operating I/L | 364.9M |
| Other Income/Expense | -17.0M |
| Interest Income | 5.8M |
| Pretax | 86.4M |
| Income Tax Expense | 22.1M |
| Net Income/Loss | 64.3M |
Credit Acceptance Corporation provides financing programs, products, and services to independent and franchised automobile dealers in the United States. The company offers advances to dealers in exchange for servicing consumer loans and purchases the loans from the dealers. Additionally, it engages in reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company, thereby generating revenue through loan servicing and reinsurance activities.
