Credit Acceptance provides financing programs that enable automobile dealers to sell vehicles to consumers. Co.'s financing programs are provided through a network of automobile dealers. Co. refers to automobile dealers who participate in its programs as Dealers. Co. has two programs: The Portfolio Program and the Purchase Program. Under the Portfolio Program, Co. advances money to Dealers in exchange for the right to service the underlying Consumer Loans. Under the Purchase Program, Co. buys the Consumer Loans from the Dealers and keeps all amounts collected from the consumer. The CACC stock yearly return is shown above.
The yearly return on the CACC stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2023 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the CACC annual return calculation with any dividends reinvested as applicable (on ex-dates).
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