Earnings Call Summary | Credit Acceptance(CACC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Credit Acceptance(CACC.US) Q1 2024 Earnings Conference
The following is a summary of the Credit Acceptance Corporation (CACC) Q1 2024 Earnings Call Transcript:
以下是信贷接受公司（CACC）2024年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
Credit Acceptance Corporation reported an 8% decrease in its adjusted net income to $117 million compared to the first quarter of last year. Earnings per share decreased by 4% to $9.28.
The average balance of their loan portfolio increased by 12% on a GAAP basis and by 15% on an adjusted basis compared to the same period previous year.
However, the company experienced a decrease in forecasted collection rates which reduced the net cash flow from loan portfolio by $31 million.
There was an increase in the initial spread in consumer loan assignments to 22% from 21% of the previous year and a rise in the average cost of debt from 5% to 7%.
信贷接受公司报告称，与去年第一季度相比，其调整后的净收入下降了8％，至1.17亿美元。每股收益下降了4％，至9.28美元。
与去年同期相比，他们的贷款组合的平均余额按公认会计原则增长了12％，调整后增长了15％。
但是，该公司的预测收款率有所下降，使贷款组合的净现金流减少了3,100万美元。
消费贷款分配的初始利差从去年的21％增加到22％，平均债务成本从5％上升到7％。
Business Progress:
业务进展：
The unit and dollar volumes grew by 24.1% and 20.2% respectively as compared to the first quarter of the previous year.
The company repurchased approximately 728,000 shares which is about 6% of the shares outstanding as of March 31, 2023. The repurchase was as a result of generating a significant amount of capital at the end of last year and through a $500 million securitization in Q1 2024.
与去年第一季度相比，单位和美元交易量分别增长了24.1％和20.2％。
该公司回购了约728,000股股票，约占截至2023年3月31日已发行股票的6％。此次回购是去年年底产生大量资本以及2024年第一季度通过5亿美元证券化的结果。
More details: Credit Acceptance IR
更多详情： 信用认可 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。