Credit Acceptance: Q3 Earnings Snapshot

SOUTHFIELD, Mich. (AP) — SOUTHFIELD, Mich. (AP) — Credit Acceptance Corp. (CACC) on Thursday reported a third-quarter loss of $56.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Southfield, Michigan-based company said it had a loss of $5.43. Earnings, adjusted for non-recurring costs, came to $13.01 per share.

The auto financing company posted revenue of $594.6 million in the period.

Credit Acceptance shares have increased 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $579.05, a climb of 26% 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