About Credit Acceptance
Credit Acceptance is a company based in Detroit (United States) founded in 1972. The company has 2,430 employees as of December 31, 2024. Credit Acceptance offers products and services including Pre-qualification Service and Payment System. Credit Acceptance operates in a competitive market with competitors including Octane, Lendbuzz, AutoPay, WithClutch and First Help Financial, among others.
- Headquarter Detroit, United States
- Employees 2430 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
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Phone
Locked
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Website
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Social
Locked
- Legal Name Credit Acceptance Corporation
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Annual Revenue
$2.32 B (USD)7.16as on Dec 31, 2025
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Net Profit
$423.9 M (USD)71as on Dec 31, 2025
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EBITDA
$1.62 B (USD)15.64as on Dec 31, 2024
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Latest Funding Round
$500 M (USD), Debt – Conventional
Aug 28, 2019
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Investors
Not available
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Employee Count
2430
as on Dec 31, 2024
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IPO & Listings of Credit Acceptance
Credit Acceptance is a publicly listed company on the NASDAQ with ticker symbol CACC in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Credit Acceptance
Credit Acceptance offers a comprehensive portfolio of products and services, including Pre-qualification Service and Payment System.
Tool for quick auto financing pre-qualification.
System to handle auto loan payments securely.
People of Credit Acceptance
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Market Team
114 people
Software Development Team
89 people
Sales and Marketing
77 people
Senior Team
30 people
Product Management Team
26 people
Data Analysis and Operations Team
25 people
Leadership Team
18 people
Legal and Compliance
11 people
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Funding Insights of Credit Acceptance
Investments & Acquisitions by Credit Acceptance
Investment portfolio details for Credit Acceptance
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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Financial Statements - Credit Acceptance
Detailed financials for Credit Acceptance
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Credit Acceptance Comparisons
Peer comparison for Credit Acceptance
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Credit Acceptance
Credit Acceptance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Octane, Lendbuzz, AutoPay, WithClutch and First Help Financial, among others.
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Instant financing solutions are offered for vehicle purchases by Octane.
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Online car loans are provided via a digital application platform.
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Online lending marketplace for auto loans
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Car loans are refinanced via an online lending marketplace.
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Online auto finance aggregation platform
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Detailed competitors of Credit Acceptance
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Latest news on Credit Acceptance
Complete news archive for Credit Acceptance
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Frequently Asked Questions about Credit Acceptance
Credit Acceptance was founded in 1972 and raised its 1st funding round 34 years after it was founded.
Credit Acceptance is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Brett Roberts is the current CEO of Credit Acceptance.
As of Dec 31, 2024, the latest employee count at Credit Acceptance is 2,430.
Annual revenue of Credit Acceptance is $2.32B as on Dec 31, 2025.
Credit Acceptance is an indirect auto finance company, working with car dealers nationwide to enable them to sell cars to consumers on credit regardless of their credit history. Its guaranteed Credit Approval program provides their dealer-partners with the opportunity to deliver credit approvals to consumers within 30 seconds through the Internet using their patented Credit Approval Processing System (CAPS). Credit Acceptances underwriting risk is reasonable because the dealer pays fixed fees to be on the program. They require a minimum of 800 a month income, a minimum of 500 down (can be cash or trade equity) and the car is brought from one of their signed dealerships. In 2018, the company recorded annual revenues of 1.3B, and a net profit of 574M.
Credit Acceptance offers Pre-qualification Service and Payment System.
Yes, Credit Acceptance is publicly traded on NASDAQ under the ticker symbol CACC.
The ticker symbol of Credit Acceptance is CACC on NASDAQ.