BNET Industries
AmeriCredit Corp. (ACF) is in the Financial Services Industry
- Revenue
- Jun 30 2007
- $2.3B
- Profit
- Jun 30 2007
- $360.2M
- Market Cap
- Jul 02 2008
- $940.1M
Latest News and Analysis
Wednesday Options Outlook: LEH, XLF, GM, BAC, HBAN, RF, LNN, ACF, AN, KMX, TSN
Rebecca Engmann Darst co-authored this article. Lehman Brothers LEH ? Reports this morning that Lehman Brothers CEO Dick Fuld may not, in fact, be seriously considering a sale of the firm sent volume in Lehman options bouncing back with a vengeance. With shares down 3.7% and twice as many...
AmeriCredit: Risk Worth Taking
Alan Brochstein, CFA submits: AmeriCredit ACF is probably the riskiest of the 20 stocks in my Top 20 Model Portfolio, but it is possibly the one with the most upside. Investing in this company now in my opinion is a bit like buying beachfront property during a hurricane. ...
Stocks That May Take a Hit When (If) Oil Hits $150
Thomas Smicklas submits: Many e-mails from my blog commented that the list of stocks appreciating with oil at $150.00 contained some surprises and made for a useful beginning for research. With that in mind, here is what the team at Credit Suisse First Boston came up with for stocks that...
AmeriCredit Corp. F3Q08 (Qtr End 03/31/08) Earnings Call Transcript
AmeriCredit Corp. F3Q08 (Qtr End 03/31/08) Earnings Call Transcript
AmeriCredit F2Q08 (Quarter End 12/31/07) Earnings Call Transcript
AmeriCredit F2Q08 (Quarter End 12/31/07) Earnings Call Transcript
AmeriCredit Corp. F1Q08 (Qtr End 9/30/07) Earnings Call Transcript
AmeriCredit Corp. F1Q08 (Qtr End 9/30/07) Earnings Call Transcript
Additional Resources
Fitch Removes AmeriCredit Corp from Rating Watch; Outlook Negative
CHICAGO -- Fitch has affirmed the following ratings of AmeriCredit Corp. ACF and removed them from Rating Watch Negative. Approximately $950 million of debt is affected by this action. The Rating Outlook is Negative. AmeriCredit Corp. --Long-term Issuer Default Rating IDR 'BB'; --Senior debt...
Sixth Gear Enters Auto Finance Market with $1 Billion in Equity and Debt Commitments to Fund Growth
NEW YORK, June 3 /PRNewswire/ -- Sixth Gear Solutions Corp., an independent auto finance company providing financing solutions to leading automotive dealerships across the United States, today announced its entry into the market with $1 billion in equity and debt financing commitments to fund its growth. Sixth...
Fitch Rates AmeriCredit Automobile Receivables Trust 2008-A-F
NEW YORK -- Fitch rates AmeriCredit Automobile Receivables Trust 2008-A-F as follows: --$160,000,000 2.6936% class A-1 'F1+'; --$100,000,000 4.47% class A-2-A 'AAA'; --$139,000,000 floating rate class A-2-B 'AAA'; --$153,000,000 5.68% class A-3 'AAA'; --$198,000,000 6.96% class A-4 'AAA'. ...
AmeriCredit to Webcast Investor Presentation
FORT WORTH, Texas, May 21, 2008 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. will be presenting at the Keefe, Bruyette & Woods 2008 Diversified Financials Conference in New York, N.Y., on Wednesday, June 4, at 9:30 a.m. Eastern time. Chris Choate, Chief Financial Officer, will be presenting on behalf of the...
AmeriCredit Announces a $750 Million Asset-Backed Securitization
FORT WORTH, Texas, May 20, 2008 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. announced today the pricing of a $750 million offering of automobile receivables-backed securities under the AmeriCredit Automobile Receivables Trust AMCAR platform, which primarily includes subprime automobile loan contracts. The lead managers on the transaction are Deutsche Bank...
Fitch Expects to Rate AmeriCredit Automobile Receivables Trust 2008-A-F; Presale Issued
NEW YORK -- Fitch Ratings expects to assign the following ratings to AmeriCredit Automobile Receivables Trust 2008-A-F: --$107,000,000 class A-1 'F1+'; --$158,000,000 class A-2-A and A-3-B 'AAA'; --$103,000,000 classes A-3-A and A-3-B 'AAA'; --$132,000,000 classes A-4-A and A-4-B 'AAA'. The...
AmeriCredit Reports Third Quarter Operating Results
- 3rd quarter earnings of $38 million, $0.31 per share FORT WORTH, Texas, April 24 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. today announced net income of $38 million, or $0.31 per share, for its fiscal third quarter ended March 31, 2008. AmeriCredit reported net income of $104...
AmeriCredit Announces $2 Billion Forward Purchase Agreement
FORT WORTH, Texas, April 17, 2008 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. announced today that it has entered into a one year, $2 billion forward purchase commitment agreement with Deutsche Bank AG, Cayman Islands Branch ("Deutsche"). Under this agreement and subject to certain terms, Deutsche will purchase triple-A rated asset-backed...
AmeriCredit to Webcast Conference Call on Third Quarter Operating Results
FORT WORTH, Texas, April 7, 2008 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. will release its third quarter 2008 operating results on Thursday, April 24, 2008, after market close. A conference call to discuss the results will begin at 5:30 p.m. Eastern time. The conference call will be...
AmeriCredit Makes Orange Local HQ, Some Work Goes to Texas
FINANCE: Auto financier deals with uncertain outlook for loans Auto lender AmeriCredit Corp. has added to and taken away from its recently acquired Long Beach Acceptance COTC. operation in Orange. Fort Worth, Texas-based AmeriCredit paid $283 million early last year for Long Beach Acceptance, a former...
ACF, HTE, CSUH, TCHH Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading Days.
M2 PRESSWIRE-12 February 2008-BUYINS.NET: ACF, HTE, CSUH, TCHH Have Been On BUYINS.NET Naked Short List For 13 Consecutive Trading DaysC1994-2008 M2 COMMUNICATIONS LTD RDATE:12022008 BUYINS.NET, www.buyins.net, announced today that these select companies have been on the NASDAQ, AMEX and...
Updated Analysis on AmeriCredit Corp.
M2 PRESSWIRE-4 February 2008-Bellwether Interviews: Updated Analysis on AmeriCredit Corp.C1994-2008 M2 COMMUNICATIONS LTD RDATE:04022008 BellwetherReport.com is always trying to get the edge on the market and have introduced a new service that will consist of interviewing top independent research...
ACF, AHR, HTE, SLW, BIOF, CLAY Have Been Added To Naked Short List Today.
M2 PRESSWIRE-25 January 2008-BUYINS.NET: ACF, AHR, HTE, SLW, BIOF, CLAY Have Been Added To Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:25012008 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE...
Correction: Fitch Downgrades 9 Classes from 4 ABS Deals Following SCA & XLCA/XLFA Rtg Downgrade
NEW YORK -- (This is a correction for a press release published earlier today. AmeriCredit Automobile Receivables Trust 2005-A-X class A-3 was erroneously downgraded. This press release corrects the number of classes that were downgraded.) Fitch Ratings has downgraded nine classes from four asset-backed securities ABS. Additionally the...
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- Incorporated: 1986
- CEO: Mr. Daniel E. Berce
AmeriCredit is an independent auto finance company that operates in the automobile finance business. Co. purchases auto finance contracts generally without recourse from franchised and select independent automobile dealerships and, to a lesser extent, make loans directly to customers buying new and used vehicles and provide lease financing through Co.'s dealership network. Co. predominantly target consumers who are typically unable to obtain financing from banks, credit unions and manufacturer captive auto finance companies. Co. services its loan portfolio at regional centers using automated loan servicing and collection systems.
Key Competitors
AmeriCredit Corp. Company Info
Board of Directors
Mr. Clifton H. Morris Jr.
Chairman
Mr. A. R. Dike
Mr. Douglas K. Higgins
Mr. Kenneth H. Jones Jr.
Mr. John R. Clay
Mr. Daniel E. Berce
Mr. James H. Greer
Contact Information
801 Cherry Street
Suite 3900
Fort Worth, TX
817 302-7000
NAICS Code
Consumer Lending: 522291Brought to you by IBMSponsored Resources
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