| | Business Summary | | AmeriCredit
Corp.
and
its
subsidiaries,
including
AmeriCredit
Financial
Services,
Inc.
(AFSI),
operate
in
the
automobile
finance
business.
Through
its
AFSI
branch
network,
the
Company
purchases
loans
made
by
franchised
and
select
independent
dealers
to
consumers
buying
late-model
used
and,
to
a
lesser
extent,
new
automobiles.
The
Company
targets
consumers
that
are
typically
unable
to
obtain
financing
from
traditional
sources.
Funding
for
the
Company's
auto
lending
activities
is
obtained
primarily
through
the
sale
of
loans
in
securitization
transactions.
The
Company
services
its
automobile
lending
portfolio
at
regional
centers
using
automated
loan
servicing
and
collection
systems. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | AmeriCredit
Corp.
is
a
national
consumer
finance
company
specializing
in
purchasing,
securitizing
and
servicing
automobile
loans.
For
the
fiscal
year
ended
6/30/01,
revenues
rose
61%
to
$818.2
million.
Net
income
rose
95%
to
$222.9
million.
Revenues
reflect
increased
auto
receivables
managed.
Higher
income
also
reflects
lower
operating
expenses
as
a
percentage
of
sales
and
the
absence
of
a
$10.5
million
charge
for
closing
mortgage
operations. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Clifton Morris, Jr., 65
Chairman | $1.9M | $1.1M | Daniel Berce, 46
Vice
Chairman, CFO | 1.6M | 3.5M | Michael Barrington, 41
Vice
Chairman, Pres, CEO | 1.6M | 4.5M | Edward Esstman, 59
Exec.
VP--Dealer Services, Director | 976K | 4.0M | Karl Reeb, 42
Exec.
VP, CAO | -- | -- | | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/a/acf.gif)