Credit Acceptance Corporation (CACC) announces certain Q1 operating results, noting consumer...


Credit Acceptance Corporation (CACC) announces certain Q1 operating results, noting consumer loans assigned in 2009-12 have yielded forecasted collection results materially better than initial estimates, while those from 2006-07, materially worse. The company launches a secondary offering of 1.5M shares (6.2% of float) as Prescott General Partners is parting with a chunk of its stake.

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