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AmeriCredit Reports Fourth Quarter and Fiscal-Year 2007 Operating Results

August 13, 2007

Fort Worth, Texas — Americredit Corp. recently announced net income of $87 million, or $0.66 per share, for its fiscal fourth quarter ended June 30, 2007. AmeriCredit reported net income of $79 million, or $0.55 per share, for the same period a year earlier. For the fiscal year ended June 30, 2007, AmeriCredit reported net income of $360 million, or $2.73 per share, compared to $306 million, or $2.08 per share, for the fiscal year ended June 30, 2006.

Net income for the fiscal year ended June 30, 2007, included a $33 million after-tax gain ($52 million pre-tax), or $0.25 per share, related to the sale of AmeriCredit's investment in DealerTrack Holdings, Inc., and a $21 million, or $0.16 per share, reduction in reserves for contingent tax positions. Net income for the fiscal year ended June 30, 2006, included a $6 million after-tax gain ($9 million pre-tax), or $0.04 per share, related to the sale of AmeriCredit's investment in DealerTrack Holdings, Inc. Net income for the quarter and fiscal year ended June 30, 2006, included a $6 million after-tax loss ($9 million pre-tax), or $0.04 per share, related to the redemption of the 9 1/4 Senior Notes due in May 2009. Operating results include Bay View Acceptance Corporation since its acquisition on May 1, 2006, and Long Beach Acceptance Corp. since its acquisition on January 1, 2007.

Automobile finance originations increased to $2.51 billion for the fourth quarter of fiscal year 2007, compared to $1.73 billion for the same period last year. Origination volume for the fiscal year ended June 30, 2007, was $8.45 billion compared to $6.21 billion for the same period a year earlier. Managed receivables totaled $15.95 billion at June 30, 2007.

Annualized net charge-offs totaled 3.3 percent of average managed receivables for the June 2007 quarter compared to 3.9 percent for the June 2006 quarter. For the fiscal year ended June 30, 2007, net charge-offs were 4.7 percent compared to 5.2 percent for the same period last year.

Managed auto receivables 31-to-60 days delinquent were 4.7 percent of the portfolio at June 30, 2007, compared to 5.1 percent at June 30, 2006. Accounts more than 60 days delinquent remained stable at 2.1 percent of the portfolio at June 30, 2007, compared to June 30, 2006.

During fiscal year 2007, the company repurchased $324 million of its common stock. Subsequent to June 30, 2007, the company has repurchased an additional $100 million of its common stock and has $200 million remaining under its board approved stock repurchase plan.

Pursuant to Regulation FD, the company provides its expectations regarding future business trends to the public via a press release or 8-K filing. The company anticipates some risks and uncertainties with its business.

The following net income and earnings per share forecasts have been updated from guidance provided on April 30, 2007, to reflect changes in the company's current business outlook and the impact of stock repurchased through August 8, 2007.

The forecasts for fiscal year 2008 incorporate, but are not limited to, the following assumptions, which remained unchanged from April 30, 2007:

•Origination volume of $10.0 to $10.5 billion;

•Net interest margin of 10.5 percent to 11.5 percent of average receivables;

•Operating expenses of 2.6 percent to 3.0 percent of the portfolio;

•Credit losses to average between 4.0 percent and 5.0 percent overall for the fiscal year, but varying seasonally by quarter; and

•Provision for loan losses as a percent of average receivables to range between 4.5 percent and 5.5 percent

These forecasts do not assume any share repurchase activity subsequent to August 8, 2007.

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