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Credit Acceptance: Q1 Earnings Snapshot

SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Credit Acceptance Corp. (CACC) on Tuesday reported first-quarter earnings of $135.8 million.

On a per-share basis, the Southfield, Michigan-based company said it had net income of $12.40. Earnings, adjusted for non-recurring gains, came to $10.71 per share.

The auto financing company posted revenue of $580 million in the period.

Credit Acceptance shares have increased 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $525.67, a rise of 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CACC at https://www.zacks.com/ap/CACC

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