Full-Time
Subprime auto financing via dealer network
₹3.4M - ₹5M/yr
Remote in India
Remote
Remote role within India; EoR employment in India. Overlaps with U.S. business hours.
Bachelor's
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Credit Acceptance provides auto financing solutions for people with poor or no credit by partnering with a network of enrolled car dealers. Dealers in the program can approve loans for customers who are declined by traditional lenders, using a proprietary credit approval process that assesses risk and creditworthiness. The company earns money from interest and fees on these loans, and also offers financial wellness resources like the ExtraCredit program to help customers improve financial literacy. This approach targets the subprime auto market, expanding dealer sales and offering financing options to high-risk borrowers who might otherwise be unable to buy a vehicle. The goal is to help underserved borrowers access auto loans, support dealer networks, and enable customers to rebuild their credit while growing profitability.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Michigan
Founded
1972
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Remote Work Options
Flexible Work Hours
Adoption Assistance
Parental Leave
Tuition Reimbursement
Health Insurance
Dental Insurance
Vision Insurance
Credit Acceptance Corporation is transforming into an AI-enabled organisation to enhance precision in pricing, underwriting, and servicing. The company's profitability growth in Q2 2026 stemmed from higher yields on newer loans and reduced credit loss provisions. Management emphasised disciplined capital allocation over volume growth, utilising granular segmentation at dealer, vehicle, and consumer levels. Monthly unit volumes returned to year-over-year growth in June and July, suggesting recent strategic changes are gaining traction. The company recognised a $39.1 million downward revision in forecasted net cash flows, mainly due to modest underperformance in the 2025 vintage. A leadership transition is underway, with Joe Billante appointed CFO following Jay Martin's retirement. Prepayment headwinds persist as consumers hold vehicles longer, impacting forecasted cash flow timing.
Credit Acceptance (NASDAQ:CACC) releases quarterly earnings results, misses expectations by $0.08 EPS. August 4, 2026 Key points. * Credit Acceptance missed quarterly earnings expectations: EPS came in at $12.12, $0.08 below consensus, while revenue of $415.0 million was well below the $588.07 million estimate. Net margin was 19.49% and return on equity was 29.95%. * The stock rose 2.6% to $587.85 during Tuesday trading, despite the earnings shortfall. Shares remain below their 12-month high of $668.86, with a market capitalization of approximately $6.15 billion. * Analyst sentiment remains cautious: Credit Acceptance has a consensus "Hold" rating and an average price target of $557.50. Meanwhile, insiders sold $29.2 million of stock over the past 90 days, while institutional investors own 81.71% of shares. * Five stocks to consider instead of Credit Acceptance. Credit Acceptance (NASDAQ:CACC - Get Free Report) posted its quarterly earnings data on Tuesday. The credit services provider reported $12.12 earnings per share for the quarter, missing the consensus estimate of $12.20 by ($0.08), FiscalAI reports. The business had revenue of $415.00 million during the quarter, compared to the consensus estimate of $588.07 million. Credit Acceptance had a net margin of 19.49% and a return on equity of 29.95%. Credit Acceptance trading up 2.6%. Shares of NASDAQ:CACC traded up $14.88 during midday trading on Tuesday, hitting $587.85. The company had a trading volume of 118,143 shares, compared to its average volume of 182,593. The company has a current ratio of 13.62, a quick ratio of 13.62 and a debt-to-equity ratio of 4.09. Credit Acceptance has a 12 month low of $401.90 and a 12 month high of $668.86. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 14.61 and a beta of 1.37. The firm has a fifty day simple moving average of $591.94 and a 200 day simple moving average of $523.95. Insider activity. In other Credit Acceptance news, insider Erin J. Kerber sold 8,656 shares of Credit Acceptance stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $600.94, for a total transaction of $5,201,736.64. Following the transaction, the insider directly owned 25,711 shares in the company, valued at approximately $15,450,768.34. The trade was a 25.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jonathan Lum sold 6,000 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $600.00, for a total value of $3,600,000.00. Following the completion of the sale, the chief operating officer owned 31,609 shares of the company's stock, valued at $18,965,400. This trade represents a 15.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 47,304 shares of company stock valued at $29,186,331. 6.10% of the stock is currently owned by company insiders. Institutional trading of Credit Acceptance. A number of large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in Credit Acceptance by 4.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 571 shares of the credit services provider's stock valued at $253,000 after buying an additional 25 shares during the period. Cetera Investment Advisers boosted its position in shares of Credit Acceptance by 6.3% during the 4th quarter. Cetera Investment Advisers now owns 508 shares of the credit services provider's stock worth $225,000 after acquiring an additional 30 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Credit Acceptance by 5.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 721 shares of the credit services provider's stock worth $337,000 after acquiring an additional 36 shares in the last quarter. Greenline Partners LLC increased its stake in Credit Acceptance by 0.3% in the third quarter. Greenline Partners LLC now owns 13,450 shares of the credit services provider's stock valued at $6,280,000 after acquiring an additional 36 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Credit Acceptance by 2.0% in the second quarter. Ameriprise Financial Inc. now owns 1,929 shares of the credit services provider's stock valued at $983,000 after acquiring an additional 38 shares during the last quarter. 81.71% of the stock is owned by institutional investors. Wall Street analysts forecast growth. A number of brokerages have commented on CACC. Stephens raised their price target on shares of Credit Acceptance from $450.00 to $540.00 and gave the stock an "equal weight" rating in a research note on Friday, April 17th. Weiss Ratings raised Credit Acceptance from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th. Zacks Research lowered Credit Acceptance from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Finally, TD Cowen boosted their target price on shares of Credit Acceptance from $500.00 to $575.00 and gave the company a "hold" rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Credit Acceptance presently has a consensus rating of "Hold" and a consensus price target of $557.50. Discover more American Consumer News Stocks & Bonds About Credit Acceptance. Credit Acceptance Corporation, founded in 1972 and headquartered in Southfield, Michigan, is a specialty finance company focused on the indirect automotive lending market. The company partners with independent and franchised auto dealers to facilitate purchase financing for consumers who may not qualify for traditional prime auto loans. By purchasing retail installment contracts originated by these dealers, Credit Acceptance provides capital and credit insurance to support vehicle sales, enabling dealers to broaden their customer base and reduce credit risk. Through its proprietary underwriting platform and risk management strategies, Credit Acceptance evaluates borrower applications, structures credit plans, and retains servicing rights on the acquired contracts. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Credit Acceptance, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credit Acceptance wasn't on the list. While Credit Acceptance currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Jill Foss Watson, an insider at Credit Acceptance Corporation, sold 1,436 shares of common stock on 16 July 2026 for approximately $920,000. The transaction was executed at a weighted average price of $640.52 per share. The sale was entirely from shares held indirectly through the Jill Foss Watson Irrevocable Trust. Following the transaction, Watson retains 47,910 shares held indirectly, valued at approximately $30.55 million, representing a 0.46% ownership interest in the company. Credit Acceptance Corporation provides consumer auto financing programmes and related financial services, focusing on subprime automobile buyers across the United States. The company has a market capitalisation of $6.7 billion and trailing twelve-month revenues of $2.3 billion.
Credit Acceptance Corporation has appointed Joe Billante as chief financial officer, effective 27 July 2026. He succeeds Jay Martin, who will retire after 23 years with the company. Billante brings over 25 years of executive leadership and finance experience. Most recently, he served as CFO of Barracuda Networks. He previously spent 13 years at eBay in senior finance roles, including CFO for European and Greater China operations and vice president of investor relations. Earlier, he worked 11 years at General Electric, including as CFO of a GE Healthcare division. Martin joined the Southfield, Michigan-based automotive finance company in 2003. Credit Acceptance enables car dealers to sell vehicles to consumers regardless of credit history.
Credit Acceptance Corporation has extended the maturity date of its $200 million revolving secured warehouse facility from September 2026 to September 2028. The extension provides additional flexibility for managing liquidity and funding needs. The interest rate on borrowings was reduced from SOFR plus 225 basis points to SOFR plus 185 basis points. No other material terms were changed. As of 19 September 2025, the company reported no outstanding balance under the facility. Credit Acceptance provides financing solutions to automobile dealers, enabling vehicle sales to consumers with diverse credit profiles whilst helping them build credit histories through reporting to major credit agencies.