| Credit Acceptance provides financing programs that enable automobile dealers to sell vehicles to consumers. Co.'s financing programs are provided through a network of automobile dealers. Co. refers to automobile dealers who participate in its programs as Dealers. Co. has two programs: The Portfolio Program and the Purchase Program. Under the Portfolio Program, Co. advances money to Dealers in exchange for the right to service the underlying Consumer Loans. Under the Purchase Program, Co. buys the Consumer Loans from the Dealers and keeps all amounts collected from the consumer. The CACC YTD return is shown above.
The YTD Return on the CACC YTD return page and across the coverage universe of our site,
is a measure of the total return for a given investment year-to-date for the current calendar year
(up to the end of prior trading session). Arguably, choosing the current calendar year for a measurement
period is on the one hand completely arbitrary, but on the other hand a year-to-date look can be extremely
useful in the context of our country's tax system which taxes gains and income on a calendar year basis.
Thus, researching Year-To-Date Returns is good practice for investors — whether CACC YTD return or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's YTD return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the CACC YTD return calculation (with any dividends reinvested as applicable), and to provide a
coverage universe of many stocks and ETFs to be able to compare YTD returns.