November 16, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Credit Acceptance Corp. (NASDAQ:CACC) shares over potential securities laws violations by Credit Acceptance and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Credit Acceptance Corp. (NASDAQ:CACC) concerning whether a series of statements by Credit Acceptance regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Credit Acceptance Corp. reported that its annual Total Revenue rose from $525.19 million in 2011 to $723.50 million in 2014 and that its Net Income increased from $188.04 million in 2011 to $266.20 million in 2014.

Shares of Credit Acceptance Corp. (NASDAQ:CACC) grew from $113.37 per share in August 2014 to as high as $261.14 per share in July 2015.

On November 6, 2015, Credit Acceptance Corp. disclosed that on September 18, 2015, it received a subpoena from the Attorney General of the State of New York, Civil Rights Bureau relating to the Companys origination and collection of Consumer Loans in the state of New York.