ION expands ETF trading capabilities with Tradeweb integration
Credit Acceptance Corp. (NASDAQ:CACC) announced that its board of directors authorized the repurchase of up to two million additional shares of its common stock. The authorization, approved Monday, adds to the company’s existing share repurchase program.
According to a statement released through a Securities and Exchange Commission filing, the company may repurchase shares in the open market, through privately negotiated transactions, block trades, or trading plans compliant with Rule 10b5-1 of the Securities Exchange Act of 1934. There is no set expiration date for the new authorization. The program will remain in effect until all authorized shares have been repurchased or until the board decides otherwise.
As of Monday, there were 190,018 shares remaining under the company’s previous repurchase authorization.
Credit Acceptance, based in Southfield, Michigan, provides personal credit services and is listed on the Nasdaq Stock Market under the symbol CACC. The information in this article is based on a press release statement included in the company’s SEC filing.
In other recent news, Credit Acceptance Corporation reported its second-quarter earnings for 2025, which showed a notable miss in earnings per share (EPS) compared to analyst expectations. The company reported an EPS of $8.56, which was below the anticipated $10.16, representing a 15.75% shortfall. However, Credit Acceptance’s revenue slightly surpassed projections, coming in at $583.8 million against the expected $581.12 million. These earnings results are part of the latest developments concerning the company. Analysts had projected these figures, and the company’s performance relative to these forecasts has been a point of interest. The company’s stock showed a reaction to this news in the aftermarket. Such earnings results are crucial for investors as they assess the company’s financial health and future prospects. These developments are essential for understanding the current state of Credit Acceptance Corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.