AmeriCredit Corp

Industry:	Banking
Ranking:	Russell 3000, Fortune 1000
Revenues:	$2.3 Billion
Employees:	4,831

Description

AmeriCredit Corp. is an independent auto finance company. The Company purchases auto finance contracts for new and used vehicles purchased by consumers from franchised and select independent automobile dealerships in its dealership network. AmeriCredit Corp. previously made loans directly to customers buying new and used vehicles and provided lease financing through its dealership network, but terminated those activities during the fiscal year ended June 30, 2008 (fiscal 2008). The Company predominantly targets consumers who are typically unable to obtain financing from banks, credit unions and manufacturer captive auto finance companies. Funding for AmeriCredit Corp.’s auto lending activities is obtained through the utilization of its credit facilities and the transfer of loans in securitization transactions. The Company services its loan portfolio at regional centers using automated loan servicing and collection systems.
(Source: 10-K)

Products & Services

auto finance, financing solutions

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News Archive

AmeriCredit Reports Fourth Quarter and Fiscal Year 2009 Operating Results.(Financial report) Investment Weekly News; 8/22/2009 AMERICREDIT CORP. (NYSE: ACF) announced net...fourth quarter ended June 30, 2009. AmeriCredit reported a net loss of $150 million...the fiscal year ended June 30, 2009, AmeriCredit reported net income of $14 million... ...more

AmeriCredit Announces $725 Million Senior Subordinate Asset-Backed Securitization. Investment Weekly News; 7/25/2009 AMERICREDIT CORP. (NYSE: ACF) announced the...RBS, and Wells Fargo Securities. AmeriCredit uses net proceeds from securitization...will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2009... ...more

AmeriCredit Reports First Quarter Operating Results.(Financial report) Investment Weekly News; 11/7/2009 AMERICREDIT CORP. (NYSE: ACF) announced net...rebuild loan origination levels." AmeriCredit will host a conference call for analysts...available shortly after the call. About AmeriCredit AmeriCredit Corp. is a leading independent... ...more