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AmeriCredit Corp. (ACF) is in the Financial Services Industry

Revenue
Jun 30 2007
$2.3B
Profit
Jun 30 2007
$360.2M
Market Cap
Sep 04 2008
$1.2B

Latest News and Analysis

Additional Resources

  • AmeriCredit to Webcast Investor Presentation

    FORT WORTH, Texas, Aug. 26, 2008 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. will be presenting at the Lehman Brothers Global Financial Services Conference in New York, N.Y., on Tuesday, Sept. 9, at 2:30 p.m. Eastern time. Dan Berce, President and Chief Executive Officer, will be presenting on behalf of the...

    Articles 2008-08-26

  • 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'; ...

    Articles 2008-06-12

  • 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...

    Articles 2008-06-03

  • 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'. ...

    Articles 2008-05-29

  • 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...

    Articles 2008-05-19

  • Where have all the investors gone? Big bucks to back subprime loans are going begging.(Finance & insurance)

    Byline: Jim Henry Dealers are working harder than ever to get subprime customers financed. Not only do economic hardships make it more difficult for consumers to qualify for financing, but subprime auto lenders find it harder to...

    Articles 2008-05-05

  • 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...

    Articles 2008-03-24

  • AmeriCredit to Webcast Investor Presentation

    FORT WORTH, Texas, March 11, 2008 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. will be presenting at the Lehman Brothers 2008 High Yield Bond and Syndicated Loan Conference in Florida on Friday, March 14, at 10:15 a.m. Eastern time. Chris Choate, Chief Financial Officer, will be presenting on behalf of the...

    Articles 2008-03-11

  • AmeriCredit Appoints Two New Directors

    FORT WORTH, Texas, March 4, 2008 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. today announced its board of directors has approved the appointment of two new directors. Ian M. Cumming and Justin R. Wheeler have joined the company's board, effective immediately. AmeriCredit's board now includes nine directors. Mr....

    Articles 2008-03-04

  • AmeriCredit Announces Primary Philanthropic Initiatives for 2008

    FORT WORTH, Texas, March 3, 2008 /PRNewswire-FirstCall/ -- AmeriCredit Corp. today announced selection of its primary philanthropic initiatives, or "Signature Events," for 2008: the March of Dimes, Salvation Army and United Way. AmeriCredit's Canadian team members will support the Salvation Army, United Way, and the Heart and Stroke...

    Articles 2008-03-03

  • AmeriCredit Recognizes Manheim's Tennessee Auto Auction as 2007 Auction of the Year

    FORT WORTH, Texas, Feb. 29, 2008 /PRNewswire-FirstCall/ -- AmeriCredit Corp. has named Manheim's Tennessee Auto Auction in Nashville, Tenn., as its 2007 Auction of the Year as part of the company's nationwide Auction of Excellence program. For the Auction of Excellence program, AmeriCredit representatives assess each...

    Articles 2008-02-29

  • Lenders shun subprime market; As credit standards tighten, customers switch to cheaper models, used cars.

    Byline: Donna Harris As the credit crunch deepens, many independent lenders are cutting back on loans to customers with tarnished credit histories. In January, more than 4 percent of subprime auto loans were at least 60 days...

    Articles 2008-02-18

  • 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...

    Articles 2008-02-12

  • Chamco wants its dealers to invest in the company.(News)(Chrysler-Jeep)

    Byline: Diana T. Kurylko To raise cash, Chamco has asked its dealers, executives and employees to invest in the company. Chamco wants dealers to invest $300,000 apiece, although that is no longer mandatory. In return, the first...

    Articles 2008-02-11

  • 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...

    Articles 2008-02-04

  • Fed's cut helps dealers, not buyers (yet).(News)(United States. Federal Reserve Board)

    Byline: Donna Harris Auto dealers can expect lower inventory costs because of last week's emergency interest rate cut by the Federal Reserve, economists predict. But they say the 0.75 percentage point reduction in the Fed's main...

    Articles 2008-01-28

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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. is engaged in the business of purchasing and servicing automobile sales finance contracts without recourse for new and used vehicles purchased by consumers from franchised and select independent automobile dealerships in its dealership network. Co.'s automobile lending programs are designed to serve customers who have limited access to automobile financing through banks, credit unions and manufacturer captive auto finance companies. As of June 30 2008, Co. serviced its loan portfolio at regional centers using automated loan servicing and collection systems.

Key Competitors

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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

http://www.americredit.com

817 302-7000

NAICS Code

Consumer Lending: 522291
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