Silver Triangle Building
25505 West Twelve Mile Road
Southfield, MI 48034-8339
(248) 353-2700
creditacceptance.com


NEWS RELEASE
FOR IMMEDIATE RELEASE
Date: July 31, 2017

Investor Relations: Douglas W. Busk
Senior Vice President and Treasurer
(248) 353-2700 Ext. 4432
IR@creditacceptance.com

NASDAQ Symbol: CACC


CREDIT ACCEPTANCE ANNOUNCES
SECOND QUARTER 2017 EARNINGS

Southfield, Michigan – July 31, 2017 – Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $99.1 million, or $5.09 per diluted share, for the three months ended June 30, 2017 compared to consolidated net income of $84.9 million, or $4.17 per diluted share, for the same period in 2016. For the six months ended June 30, 2017, consolidated net income was $192.4 million, or $9.81 per diluted share, compared to consolidated net income of $159.3 million, or $7.80 per diluted share, for the same period in 2016.

Adjusted net income, a non-GAAP financial measure, for the three months ended June 30, 2017 was $101.6 million, or $5.22 per diluted share, compared to $89.2 million, or $4.38 per diluted share, for the same period in 2016. For the six months ended June 30, 2017, adjusted net income was $193.9 million, or $9.88 per diluted share, compared to adjusted net income of $171.5 million, or $8.39 per diluted share, for the same period in 2016.

Webcast Details

We will host a webcast on July 31, 2017 at 5:00 p.m. Eastern Time to answer questions related to our second quarter results.  The webcast can be accessed live by visiting the “Investor Relations” section of our website at creditacceptance.com or by dialing 877-303-2904.  Additionally, a replay and transcript of the webcast will be archived in the “Investor Relations” section of our website.




1

The following information was filed by Credit Acceptance Corp (CACC) on Monday, July 31, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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