Credit Acceptance Reports Q1 Revenue of $580M
Reports Q1 revenue $580M, consensus $580.77M. "This quarter's results reflect meaningful progress across our business, with reduced volatility in loan forecast changes and moderation in unit volume declines," said Vinayak Hegde, Chief Executive Officer of Credit Acceptance. "These trends reinforce our focus on disciplined investment and execution as we work to maximize long-term economic profit."