0001773994-23-000006.txt : 20230214
0001773994-23-000006.hdr.sgml : 20230214
20230214062943
ACCESSION NUMBER: 0001773994-23-000006
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20230214
DATE AS OF CHANGE: 20230214
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: CREDIT ACCEPTANCE CORP
CENTRAL INDEX KEY: 0000885550
STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141]
IRS NUMBER: 381999511
STATE OF INCORPORATION: MI
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-45225
FILM NUMBER: 23622043
BUSINESS ADDRESS:
STREET 1: 25505 WEST TWELVE MILE ROAD
CITY: SOUTHFIELD
STATE: MI
ZIP: 48034-8334
BUSINESS PHONE: 2483532700
MAIL ADDRESS:
STREET 1: 25505 WEST TWELVE MILE ROAD
CITY: SOUTHFIELD
STATE: MI
ZIP: 48034-8334
FORMER COMPANY:
FORMER CONFORMED NAME: CREDIT ACCEPTANCE CORPORATION
DATE OF NAME CHANGE: 19930328
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Ruane, Cunniff & Goldfarb L.P.
CENTRAL INDEX KEY: 0001720792
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 9 WEST 57TH STREET
STREET 2: SUITE 5000
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 212-832-5280
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET
STREET 2: SUITE 5000
CITY: NEW YORK
STATE: NY
ZIP: 10019
SC 13G/A
1
creditacceptancecorprcg22ye.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 6)
Credit Acceptance Corp
(Name of Issuer)
Common Stock
(Title of Class of Securities)
225310101
(CUSIP Number)
December 31, 2022
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
CUSIP No.
225310101
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ruane, Cunniff & Goldfarb L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
798,731
6. SHARED VOTING POWER
0
7. SOLE DISPOSITIVE POWER
798,731
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
798,731
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.18%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA, CO
CUSIP No.
225310101
Item 1.(a). Name of Issuer:
Credit Acceptance Corp
Item 1.(b). Address of issuer's principal executive offices:
25505 West Twelve Mile Road
Southfield, MI 48034-8334
Item 2.(a). Name of person filing:
Ruane, Cunniff & Goldfarb L.P.
Item 2.(b).Address or principal business office or, if none, residence:
Ruane, Cunniff & Goldfarb L.P.
9 West 57th Street, Suite 5000
New York, New York 10019-2701
Item 2.(c). Citizenship:
Delaware
Item 2.(d). Title of class of securities:
Common Stock
Item 2.(e). CUSIP No.:
225310101
Item 3. If This Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b),
or (c), check whether the person filing is a
(a) [_] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [_] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C.78c).
(d) [_] Investment company registered under section 8 of the Investment Company
Act of 1940 (15 U.S.C. 80a-8).
(e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
240.13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C.1813);
(i) [_] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
Item 4.(a) Amount beneficially owned:
798,731
Item 4.(b) Percent of class:
6.18%
Item 4.(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
798,731
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
798,731
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ ].
N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than 5 percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the
beneficiaries of employee benefit plan, pension fund or endowment fund
is not required.
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company or control person has filed this schedule,
pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company or control person has filed this
schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating
the identification of the relevant subsidiary.
N/A
Item 8. Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to 240.13d-1(b)(1)(ii)(J), so
indicate under Item 3(j) and attach an exhibit stating the identity and
Item 3 classification of each member of the group. If a group has filed
this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit
stating the identity of each member of the group.
N/A
Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by
members of the group, in their individual capacity. See Item 5.
N/A
Item 10. Certification.
By signing below the Reporting Person certifies that, to the best of its
knowledge and belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
February 14, 2023
(Date)
Ruane, Cunniff & Goldfarb L.P.*
By: /s/ Wendy Goodrich
Name: Wendy Goodrich
Title: Executive Vice President
* The Reporting Person disclaims beneficial ownership over the securities
reported herein except to the extent of the reporting persons? pecuniary
interest therein.