Credit Acceptance Corp. And CAN SLIM: Together They Equal Fat Profits

Company:

Credit Acceptance Corp. (CACC) is an indirect auto finance company that works with car dealerships nationwide to enable them to sell cars to consumers, on credit, regardless of the buyer’s credit history. According to a company profile provided by Hoovers.com:

Working with more than 3,000 independent and franchised automobile dealers in the US, CAC provides capital for auto loans to people with substandard credit. The company also provides other services to dealers, including payment servicing, receivables management, marketing, and service contracts. It typically funds around 1.5 million auto loans per year; Michigan, New York, Texas, Ohio, and Pennsylvania are the company’s largest markets.

Source: Hoovers.com

Commentary:

Once again, in keeping, with the CAN SLIM screening theme, I have chosen to highlight a company that was uncovered during a screen I performed using William O’Neil’s original CAN SLIM screening criteria. That company is (more)

CACC 10-K (2012)

Form 424B3 (4/12/2013)

Summary

Reviewer

The Tenacious Trader

Review Date

2013-04-20

Reviewed Item

Credit Acceptance Corp. (CACC)

Author Rating

5