Credit Acceptance Corporation (CACC) CEO Brett Roberts on Q1 2021 Results - Earnings Call Transcript

Apr. 29, 2021 7:20 PM ETCredit Acceptance Corporation (CACC)
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Credit Acceptance Corporation (NASDAQ:CACC) Q1 2021 Earnings Conference Call April 29, 2021 5:00 PM ET

Company Participants

Doug Busk - Chief Treasury Officer

Brett Roberts - Chief Executive Officer

Ken Booth - Chief Financial Officer

Conference Call Participants

Moshe Orenbuch - Credit Suisse

Randy Heck - Goodnow Investment

Rob Wildhack - Autonomous Research

Operator

Good day, everyone, and welcome to the Credit Acceptance Corporation First Quarter 2021 Earnings Call. Today's call is being recorded. A webcast and transcript of today's earnings call will be made available on Credit Acceptance's website.

At this time, I would like to turn the call over to Credit Acceptance's, Chief Treasury Officer, Doug Busk.

Doug Busk

Thank you. Good afternoon, and welcome to the Credit Acceptance Corporation First Quarter 2021 Earnings Call. As you read, our news release posted on the Investor Relations section of our website at ir.creditacceptance.com, and as you listen to this conference call please recognize that both contain forward-looking statements within the meaning of federal securities law.

These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ materially from such statements. These risks and uncertainties, include those spelled out in the cautionary statement regarding forward-looking information, included in the news release. Consider all forward-looking statements in light of those and other risks and uncertainties.

Additionally, I should mention that to comply with the SEC's Regulation G, please refer to the financial results section of our news release which provides tables showing how non-GAAP measures reconcile to GAAP measures.

At this time, I'll turn the call over to Brett Roberts.

Brett Roberts

Thanks, Doug. Today, we announced my retirement. I'm retiring for personal reasons and I'm leaving with a tremendous sense of gratitude for the opportunity I had and

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