Credit Acceptance Corp - Company Profile
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Credit Acceptance Corp (CAC) is a financial services company that specializes in providing financing programs to automobile dealers. The company’s loan programs comprise a portfolio program, which advances money to dealers in exchange for the right to service the underlying consumer loans; and a purchase program, through which the company buys the consumer loans from the dealers and keeps all amounts collected from the consumer. CAC’s services are primarily used by independent and franchised automobile dealers across various industries. It operates through a nationwide network of automobile dealers in the US. The company's target market includes Michigan, Tennessee, New York, Ohio, Texas, and New Jersey in the US. CAC is headquartered in Southfield, Michigan, the US.
Headquarters
United States of America
Address
25505 W 12 Mile Rd, Southfield, Michigan, 48034-1846
Website
www.creditacceptance.com
Telephone
1 248 3532700
No of Employees
2,314
Industry
Financial Services
Ticker Symbol & Exchange
CACC (NASD)
Revenue (2024)
$2.3B
7.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
71%
(2024 vs 2023)
Market Cap*
$5.7B
Net Profit Margin (2024)
XYZ
59.6%
(2024 vs 2023)
* As of and is in US$
Credit Acceptance Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Loans: | Vehicle Service Contracts |
| Auto |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Corporate Awards | In November, the company was named as the Top Workplace by the Detroit Free Press in Michigan, ranking 2 among large companies. |
| 2025 | Corporate Awards | In October, the company was named as the America’s Top 100 Most Loved Workplaces featured in the Wall Street Journal. |
| 2025 | Corporate Awards | In October, the company was named as the Top Workplace for Remote Work by CareerBuilder and Monster. |
Competitor Comparison
| Key Parameters | Credit Acceptance Corp | Capital One Financial Corp | General Motors Financial Company, Inc. | Ally Financial Inc | Ford Motor Credit Company LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Southfield | Mclean | Fort Worth | Detroit | Dearborn |
| State/Province | Michigan | Virginia | Texas | Michigan | Michigan |
| No. of Employees | 2,314 | 78,400 | 9,000 | 10,300 | 5,000 |
| Entity Type | Public | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas N. Tryforos | Chairman | Executive Board | 2022 | 67 |
| Vinayak R. Hegde | Director; President; Chief Executive Officer | Executive Board | 2025 | 56 |
| Joseph Billante | Chief Financial Officer | Senior Management | 2026 | 50 |
| Jonathan L. Lum | Chief Operating Officer | Senior Management | 2019 | 49 |
| Jeetu Mirchandani | Chief Technology Officer | Senior Management | 2026 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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