Credit Acceptance Corporation (CACC) saw its stock soar 5.34% in Friday's intraday trading session, following the release of its First Quarter 2025 Earnings Call transcript. The surge in stock price suggests that investors responded positively to the information shared during the earnings call.
According to the transcript, Credit Acceptance's management highlighted the company's strong performance in the first quarter. CFO Jay Martin reported that the company financed over 100,000 contracts for dealers and consumers, collected $1.4 billion overall, and paid $68 million in dealer holdback and accelerated dealer holdback. These figures indicate robust business activity and financial health, which likely contributed to investor enthusiasm.
The company also emphasized its commitment to its mission of maximizing intrinsic value while positively impacting its key constituents, including dealers, consumers, team members, investors, and communities. This balanced approach, coupled with a success story of a customer regaining independence through Credit Acceptance's financing, may have further boosted investor confidence in the company's long-term prospects and social responsibility, driving the stock's significant uptick.