Credit Acceptance Q2 2024 Adj. EPS $10.29 Beats $8.91 Estimate, Sales $538.200M Beat $479.028M Estimate
Portfolio Pulse from Benzinga Newsdesk
Credit Acceptance (NASDAQ:CACC) reported Q2 2024 adjusted EPS of $10.29, beating the $8.91 estimate. Sales were $538.2M, surpassing the $479.028M estimate. Despite a 3.74% decrease in EPS from last year, sales increased by 12.62%.
July 31, 2024 | 8:21 pm
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Credit Acceptance (CACC) reported Q2 2024 adjusted EPS of $10.29, beating the $8.91 estimate by 15.49%. Sales were $538.2M, surpassing the $479.028M estimate by 12.35%. Despite a 3.74% decrease in EPS from last year, sales increased by 12.62%.
Credit Acceptance's Q2 2024 earnings and sales both exceeded analyst estimates significantly. The EPS beat by 15.49% and sales beat by 12.35% are positive indicators. Despite a slight year-over-year EPS decline, the strong sales growth suggests robust business performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100