Recap: Credit Acceptance Q4 Earnings
Portfolio Pulse from Benzinga Insights
Credit Acceptance (NASDAQ:CACC) reported Q4 earnings with an EPS of $10.06, surpassing the estimate of $5.43 by 85.27%. Revenue increased by $32.60 million compared to the same period last year. The company has a history of beating EPS estimates, which in the past has led to a share price increase the following day.
January 31, 2024 | 9:05 pm
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Credit Acceptance reported a substantial earnings beat with Q4 EPS at $10.06 against estimates of $5.43, and a revenue increase from the previous year.
Historically, Credit Acceptance's stock has responded positively to earnings beats. Given the significant outperformance in EPS and the year-over-year revenue growth, it is likely that the stock will experience a short-term increase in price, similar to the 1.35% rise after last quarter's earnings beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100