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

|About: Credit Acceptance Corpor... (CACC)|By:, SA News Editor

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.