Credit Acceptance Q3 2024 Adj. EPS $8.79 Misses $9.05 Estimate, Sales $550.300M Beat $545.890M Estimate
Portfolio Pulse from Benzinga Newsdesk
Credit Acceptance (NASDAQ:CACC) reported Q3 2024 earnings per share of $8.79, missing the analyst estimate of $9.05. However, sales were $550.3M, surpassing the $545.89M estimate and marking a 14.98% increase from the previous year.
October 30, 2024 | 8:14 pm
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NEUTRAL IMPACT
Credit Acceptance's Q3 2024 earnings per share missed expectations, but sales exceeded estimates and showed significant year-over-year growth.
The mixed results, with EPS missing but sales beating expectations, suggest a neutral short-term impact on CACC's stock price. The sales growth is a positive sign, but the EPS miss could offset this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100