Credit Acceptance Q4 Adj EPS $10.06 Beats $5.43 Estimate, Sales $491.60M Beat $489.53M Estimate
Portfolio Pulse from bharat@benzinga.com
Credit Acceptance Corp. (CACC) reported Q4 adjusted EPS of $10.06, surpassing the $5.43 estimate by 85.27%, despite a 14.31% decrease from last year's $11.74 EPS. Sales reached $491.60M, slightly beating the $489.53M estimate and marking a 7.10% increase from the previous year.
January 31, 2024 | 9:04 pm
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POSITIVE IMPACT
Credit Acceptance's Q4 earnings significantly exceeded analyst expectations, with EPS more than doubling estimates and a slight sales beat, indicating strong financial performance.
The substantial beat on both earnings per share and sales suggests that Credit Acceptance has outperformed market expectations, which could lead to positive investor sentiment and a potential short-term increase in stock price. However, the decrease in EPS compared to the same period last year might temper the positive impact slightly.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100