Credit Acceptance Q1 2024 Adj EPS $9.28 Beats $8.35 Estimate, Sales $508.000M Beat $455.758M Estimate
Portfolio Pulse from Benzinga Newsdesk
Credit Acceptance (NASDAQ:CACC) reported Q1 2024 adjusted EPS of $9.28, surpassing the $8.35 estimate, and sales of $508M, exceeding the $455.758M estimate. This represents a 4.43% decrease in EPS and an 11.94% increase in sales year-over-year.
April 30, 2024 | 8:03 pm
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Credit Acceptance reported a strong Q1 2024 with EPS and sales beating estimates, indicating robust financial health despite a slight decrease in EPS year-over-year.
The significant beat on both EPS and sales estimates for Q1 2024 suggests a positive outlook for Credit Acceptance, likely leading to a positive short-term impact on its stock price. The year-over-year sales growth further reinforces the company's growth trajectory, despite a slight decrease in EPS, which could be seen as a minor setback in the context of overall financial performance improvement.
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