|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
06.05.25 - 22:45
|
KBRA Assigns Preliminary Ratings to American Credit Acceptance Receivables Trust 2025-2 (Business Wire)
|
|
|
NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to five classes of notes issued by American Credit Acceptance Receivables Trust 2025-2 (“ACAR 2025-2”), an ABS collateralized by a pool of auto loans.
ACAR 2025-2 will issue five classes of notes totaling $437.2 million. The ratings reflect initial credit enhancement of 63.35% for the Class A notes through 15.80% for the Class E notes. Credit enhancement will consist of overcollateralization, subordination of the junior note classes (except for the Class E note), a cash reserve account, and excess spread.
This transaction represents the second ABS securitization in 2025 for American Credit Acceptance, LLC (“ACA” or the “Company”). The Company has issued 50 securitizations since 2011 for a total amount of approximately $15.5 billion.
ACA is a privately held subprime auto finance company that has been under current ownership since 2007. The Company is an independent auto loan originator operating in all 50 states. A...
|
|
|
|
|
|
|
|
|
30.04.25 - 22:06
|
Credit Acceptance Announces First Quarter 2025 Results (GlobeNewswire EN)
|
|
|
Southfield, Michigan, April 30, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $106.3 million, or $8.66 per diluted share, for the three months ended March 31, 2025. Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2025 was $114.8 million, or $9.35 per diluted share. The following table summarizes our financial results:...
|
|
|
25.04.25 - 01:03
|
Credit Acceptance Welcomes CFPB′s Withdrawal From Lawsuit (GlobeNewswire EN)
|
|
|
Southfield, Michigan, April 24, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that on April 24, 2025, the Consumer Financial Protection Bureau (“CFPB”) filed an unopposed motion to withdraw from the lawsuit that it initiated jointly on January 4, 2023, with the Office of the New York State Attorney General (NYAG) against Credit Acceptance in the United States District Court for the Southern District of New York. As of the filing of the CFPB's motion, Credit Acceptance's motion to dismiss the case in its entirety remains fully briefed and pending before the Court. Credit Acceptance expects that, if the CFPB's motion is granted, the NYAG would be the sole remaining plaintiff, and the case would thus be limited to New York consumers only. ...
|
|
|
23.04.25 - 22:06
|
Credit Acceptance Announces Timing of First Quarter 2025 Earnings Release and Webcast (GlobeNewswire EN)
|
|
|
Southfield, Michigan, April 23, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our first quarter 2025 earnings on Wednesday, April 30, 2025, after the market closes. A webcast is scheduled for Wednesday, April 30, 2025, at 5:00 p.m. Eastern Time to discuss first quarter 2025 earnings. ...
|
|
|
23.04.25 - 22:06
|
Credit Acceptance Recognized with Multiple 2025 Top Workplaces Spring Culture Excellence Awards (GlobeNewswire EN)
|
|
|
Southfield, Michigan, April 23, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) is proud to announce our recognition as a 2025 Spring Culture Excellence Top Workplaces award winner in the following five categories: Work-Life Flexibility, Leadership, Innovation, Purpose & Values, and Compensation & Benefits....
|
|
|
|
|
|
|
|
|
27.03.25 - 21:06
|
Credit Acceptance Announces Completion of $400.0 Million Asset-Backed Financing (GlobeNewswire EN)
|
|
|
Southfield, Michigan, March 27, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $400.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $500.2 million to a wholly owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:...
|
|
|
|
|
20.03.25 - 21:06
|
Credit Acceptance Named 2025 Top Workplaces USA Award Winner (GlobeNewswire EN)
|
|
|
Southfield, Michigan, March 20, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named a 2025 Top Workplaces USA award winner for the fifth consecutive year. We made it into the Top 10 again this year, with a #2 ranking in the 1,000-2,499-employee size category, up 7 spots from last year....
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
