Atlanticus (ATLC)
Market Price (3/3/2026): $53.19 | Market Cap: $804.5 MilSector: Financials | Industry: Consumer Finance
Atlanticus (ATLC)
Market Price (3/3/2026): $53.19Market Cap: $804.5 MilSector: FinancialsIndustry: Consumer Finance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 60% | Weak multi-year price returns3Y Excs Rtn is -2.0% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 690% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 33% | Key risksATLC key risks include [1] high credit losses from its subprime borrower base during economic downturns, Show more. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 134%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 132% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 60% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 33% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 134%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 132% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending. |
| Weak multi-year price returns3Y Excs Rtn is -2.0% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 690% |
| Key risksATLC key risks include [1] high credit losses from its subprime borrower base during economic downturns, Show more. |
Qualitative Assessment
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Atlanticus (ATLC) stock has lost about 10% since 11/30/2025 because of the following key factors:
1. Mounting consumer credit stress and rising delinquencies impacted the financial services sector, including Atlanticus.
In the fourth quarter of 2025, nominal household debt in the U.S. rose 1% to $18.8 trillion, with delinquencies of any duration increasing to 4.8% from 3.6% a year prior, marking the highest rate since Q3 2017. Consumer balance sheets deteriorated, particularly for lower-income borrowers. Student loan delinquencies remained elevated at 9.6%, with transitions into serious delinquency reaching a new record high of 16.2%. Additionally, serious credit card delinquencies increased to 12.7% from 12.4%. These trends suggest increased risk for lenders operating in the consumer credit space, like Atlanticus, which focuses on inclusive financial services for everyday Americans.
2. The "K-shaped" economic recovery led to a widening financial divide among consumers, increasing risk in Atlanticus's target market.
The U.S. economy experienced a "K-shaped" expansion in late 2025 and early 2026, where higher-income households demonstrated resilience, while lower- and middle-income consumers faced persistent affordability challenges due to sticky inflation and rising costs for essentials. This situation resulted in greater reliance on credit and increasing delinquencies among these segments. As Atlanticus serves a broad range of consumers, including those in the near-prime and subprime segments, this macroeconomic headwind directly affected the perceived risk and stability of its loan portfolios.
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1. Mounting consumer credit stress and rising delinquencies impacted the financial services sector, including Atlanticus.
In the fourth quarter of 2025, nominal household debt in the U.S. rose 1% to $18.8 trillion, with delinquencies of any duration increasing to 4.8% from 3.6% a year prior, marking the highest rate since Q3 2017. Consumer balance sheets deteriorated, particularly for lower-income borrowers. Student loan delinquencies remained elevated at 9.6%, with transitions into serious delinquency reaching a new record high of 16.2%. Additionally, serious credit card delinquencies increased to 12.7% from 12.4%. These trends suggest increased risk for lenders operating in the consumer credit space, like Atlanticus, which focuses on inclusive financial services for everyday Americans.
2. The "K-shaped" economic recovery led to a widening financial divide among consumers, increasing risk in Atlanticus's target market.
The U.S. economy experienced a "K-shaped" expansion in late 2025 and early 2026, where higher-income households demonstrated resilience, while lower- and middle-income consumers faced persistent affordability challenges due to sticky inflation and rising costs for essentials. This situation resulted in greater reliance on credit and increasing delinquencies among these segments. As Atlanticus serves a broad range of consumers, including those in the near-prime and subprime segments, this macroeconomic headwind directly affected the perceived risk and stability of its loan portfolios.
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Stock Movement Drivers
Fundamental Drivers
The -8.8% change in ATLC stock from 11/30/2025 to 3/3/2026 was primarily driven by a -8.8% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3032026 | Change |
|---|---|---|---|
| Stock Price ($) | 58.95 | 53.76 | -8.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 369 | 369 | 0.0% |
| Net Income Margin (%) | 32.1% | 32.1% | 0.0% |
| P/E Multiple | 7.5 | 6.9 | -8.8% |
| Shares Outstanding (Mil) | 15 | 15 | 0.0% |
| Cumulative Contribution | -8.8% |
Market Drivers
11/30/2025 to 3/3/2026| Return | Correlation | |
|---|---|---|
| ATLC | -8.4% | |
| Market (SPY) | -0.4% | 43.4% |
| Sector (XLF) | -4.0% | 50.9% |
Fundamental Drivers
The -19.4% change in ATLC stock from 8/31/2025 to 3/3/2026 was primarily driven by a -16.3% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3032026 | Change |
|---|---|---|---|
| Stock Price ($) | 66.70 | 53.76 | -19.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 342 | 369 | 7.7% |
| Net Income Margin (%) | 35.9% | 32.1% | -10.6% |
| P/E Multiple | 8.2 | 6.9 | -16.3% |
| Shares Outstanding (Mil) | 15 | 15 | 0.0% |
| Cumulative Contribution | -19.4% |
Market Drivers
8/31/2025 to 3/3/2026| Return | Correlation | |
|---|---|---|
| ATLC | -19.1% | |
| Market (SPY) | 5.8% | 37.0% |
| Sector (XLF) | -4.8% | 47.2% |
Fundamental Drivers
The -2.1% change in ATLC stock from 2/28/2025 to 3/3/2026 was primarily driven by a -16.5% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3032026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.93 | 53.76 | -2.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 276 | 369 | 33.4% |
| Net Income Margin (%) | 38.4% | 32.1% | -16.5% |
| P/E Multiple | 7.6 | 6.9 | -9.8% |
| Shares Outstanding (Mil) | 15 | 15 | -2.5% |
| Cumulative Contribution | -2.1% |
Market Drivers
2/28/2025 to 3/3/2026| Return | Correlation | |
|---|---|---|
| ATLC | -1.7% | |
| Market (SPY) | 15.5% | 55.5% |
| Sector (XLF) | -0.8% | 58.1% |
Fundamental Drivers
The 67.7% change in ATLC stock from 2/28/2023 to 3/3/2026 was primarily driven by a 138.8% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3032026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.05 | 53.76 | 67.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 341 | 369 | 8.2% |
| Net Income Margin (%) | 47.4% | 32.1% | -32.3% |
| P/E Multiple | 2.9 | 6.9 | 138.8% |
| Shares Outstanding (Mil) | 14 | 15 | -4.1% |
| Cumulative Contribution | 67.7% |
Market Drivers
2/28/2023 to 3/3/2026| Return | Correlation | |
|---|---|---|
| ATLC | 68.4% | |
| Market (SPY) | 78.1% | 51.7% |
| Sector (XLF) | 49.9% | 53.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ATLC Return | 190% | -63% | 48% | 44% | 20% | -21% | 115% |
| Peers Return | 50% | -31% | 23% | 46% | 28% | -7% | 123% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| ATLC Win Rate | 83% | 25% | 50% | 33% | 50% | 67% | |
| Peers Win Rate | 62% | 47% | 57% | 60% | 58% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| ATLC Max Drawdown | -8% | -68% | -16% | -39% | -23% | -24% | |
| Peers Max Drawdown | -5% | -44% | -18% | -10% | -20% | -11% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SYF, CACC, BFH, ENVA, ALLY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/3/2026 (YTD)
How Low Can It Go
| Event | ATLC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -74.9% | -25.4% |
| % Gain to Breakeven | 298.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -68.5% | -33.9% |
| % Gain to Breakeven | 217.8% | 51.3% |
| Time to Breakeven | 47 days | 148 days |
| 2018 Correction | ||
| % Loss | -48.9% | -19.8% |
| % Gain to Breakeven | 95.7% | 24.7% |
| Time to Breakeven | 129 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -95.7% | -56.8% |
| % Gain to Breakeven | 2244.1% | 131.3% |
| Time to Breakeven | 4,467 days | 1,480 days |
Compare to SYF, CACC, BFH, ENVA, ALLY
In The Past
Atlanticus's stock fell -74.9% during the 2022 Inflation Shock from a high on 11/3/2021. A -74.9% loss requires a 298.4% gain to breakeven.
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About Atlanticus (ATLC)
Atlanticus Holdings Corporation provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, educational services, and home-improvements by partnering with retailers and service providers. In addition, it offers loan servicing, such as risk management and customer service outsourcing for third parties; and engages in testing and investment activities in consumer finance technology platforms. The Auto Finance segment purchases and/or services loans secured by automobiles from or for a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here, pay-here, and used car business. This segment also provides floor plan financing and installment lending products. Further, the company invests in and services portfolios of credit card receivables. Atlanticus Holdings Corporation was founded in 1996 and is headquartered in Atlanta, Georgia.
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Capital One for consumers with developing or limited credit histories.
Credit Acceptance Corporation, but for general purpose credit cards and personal loans instead of auto loans.
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- Credit Card Services: Offers credit card products designed for consumers who may have limited access to traditional credit.
- Consumer Installment Loan Services: Provides direct installment loans to consumers for various personal needs.
- Loan Servicing and Analytics: Delivers comprehensive loan origination, underwriting, and servicing solutions, leveraging proprietary analytics and technology.
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Atlanticus Holdings Corporation (ATLC) primarily sells its financial products and services directly to **individuals (consumers)**, rather than to other companies as major customers.
Based on the company's business model and product offerings, its primary customer categories are:
- Consumers with Fair to Poor Credit Profiles: Atlanticus specializes in providing credit solutions, including credit cards (e.g., Aspire, Reflex, Indigo brands) and installment loans, to individuals who may have been underserved by traditional prime lenders due to their credit history.
- Consumers Seeking Point-of-Sale Financing through Merchants: Through its Fortiva Retail Credit program, Atlanticus provides private label credit products and installment loans to consumers making purchases at a network of participating merchants (e.g., for furniture, electronics, home improvement, automotive repair). These consumers are seeking financing directly at the point of sale.
- Consumers Seeking General-Purpose Credit Cards or Personal Loans: This category encompasses individuals who apply directly for Atlanticus's credit card products or personal installment loans for various financial needs beyond specific retail purchases.
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- Pathward Financial, Inc. (CASH)
- First Electronic Bank (Private Company)
- WebBank (Private Company)
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Jeffrey A. Howard President and Chief Executive Officer
Mr. Howard has served as Atlanticus' Chief Executive Officer since March 2021 and as President since April 2014. He became a director in 2014. Mr. Howard joined Atlanticus Services Corporation, a subsidiary, in 2001, serving as Executive Managing Director of that subsidiary since 2010 and Director of Corporate Development since 2001.
William R. McCamey Chief Financial Officer
Mr. McCamey became Chief Financial Officer in January 2014 and previously served as Treasurer from 2004 to 2015. He has over 27 years of experience in capital markets and finance. Prior to joining Atlanticus, Mr. McCamey co-founded a capital markets advisory firm and spent over a decade in various corporate and investment banking roles at Wachovia Bank.
David G. Hanna Executive Chairman of the Board of Directors
Mr. Hanna has served as Executive Chairman since March 2021. He founded Atlanticus (originally CompuCredit Corporation) in 1996 and previously served as its Chief Executive Officer since its founding until March 2021. Mr. Hanna has over 30 years of experience in consumer credit and has been a director of Atlanticus Holdings Corporation since its initial public offering in 1999. He co-founded Account Portfolios, serving as its President since 1989. He also served as President of the Government Division of Nationwide Credit from 1988 to 1992, where he managed division operations, planning, strategy, and sales. Additionally, he served as President of Hanna Capital, LLC since 2006 and President of HBR Capital, Ltd. since 1992.
Mitchell Saunders Chief Accounting Officer
Mitchell Saunders serves as the Chief Accounting Officer of Atlanticus.
Linda Brooks Chief Technology Officer
Linda Brooks serves as the Chief Technology Officer of Atlanticus. She is also identified as SVP, Software Development.
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The key risks to Atlanticus Holdings (ATLC) business are:
- Credit Risk and Economic Downturns: Atlanticus primarily serves subprime borrowers, who inherently carry significant credit risk. An economic downturn, coupled with rising interest rates and inflation, could lead to higher rates of loan delinquencies and increased losses within their receivables portfolio, directly impacting net income and overall financial performance.
- Regulatory Risk: The company operates in a highly regulated financial services industry, particularly concerning credit card and banking products. Changes in regulations or increased compliance standards could negatively affect Atlanticus' ability to grow its business and may lead to greater scrutiny due to its focus on higher-risk customers.
- Dependence on Borrowed Funds and Interest Rate Risk: Atlanticus heavily relies on borrowed funds through financing facilities to acquire receivables. A significant increase in market interest rates would decrease the value of its senior notes and raise interest expenses, potentially hindering the company's ability to fund new receivables and achieve future growth.
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Emerging Threats for Atlanticus (ATLC):
-
Proliferation of Buy Now Pay Later (BNPL) services: The rapid expansion and consumer adoption of BNPL platforms (e.g., Affirm, Klarna, Afterpay) represent a significant emerging threat. These services offer point-of-sale installment financing, often interest-free for consumers, directly competing with Atlanticus's core Fortiva Retail Credit private label credit card programs. As BNPL becomes more integrated into retail ecosystems and preferred by younger demographics, it could increasingly displace traditional credit card usage for retail purchases, potentially eroding a key revenue stream for ATLC.
-
Advancements in AI-driven underwriting by FinTech lenders: A growing number of FinTech companies are leveraging sophisticated artificial intelligence and machine learning algorithms to assess creditworthiness. This technology allows them to underwrite a wider range of consumers, including those in the near-prime and subprime segments, potentially more efficiently and at lower cost than traditional lending models. This poses a threat to Atlanticus by enabling competitors to offer more agile, personalized, and potentially more competitive lending products, challenging ATLC's established market position in serving these credit segments.
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Atlanticus (symbol: ATLC) operates primarily in two main business segments: Credit as a Service (CaaS) and Auto Finance. The company focuses on providing financial solutions to underserved markets, including consumers with limited or subprime credit histories.
Addressable Markets for Main Products or Services:
-
Point-of-Sale (POS) Financing (a component of their Credit as a Service segment):
- U.S. Market Size: The annual size of the POS finance market in the U.S. is estimated at $391 billion. Outstanding balances originated through POS installment lending solutions in the U.S. were projected to reach $162 billion by 2021.
- Global Market Size: The global POS finance market is estimated at $6 trillion.
-
Unsecured Personal Loans (a component of their Credit as a Service segment):
- U.S. Market Size: Total unsecured personal loan balances in the U.S. reached $245 billion in Q1 2024. More recently, these balances hit a record of $269 billion in Q3 2025.
-
Auto Finance (specifically catering to customers with challenges securing traditional loans and the "buy-here, pay-here" used car business):
- Market Size: null
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Here are 3-5 expected drivers of future revenue growth for Atlanticus (ATLC) over the next 2-3 years:
- Growth in Managed Receivables and Customer Accounts: Atlanticus has consistently demonstrated growth in both its managed receivables and the number of accounts it serves. In Q3 2024, total operating revenue grew 19.0% over the prior year, with 3.7 million accounts served. Managed receivables increased by 14.6% to $2.7 billion. Similarly, in Q4 2024, managed receivables grew 13.0% to $2.7 billion, with total accounts served increasing 4.1% to 3.7 million. This trend is expected to continue, driven by ongoing customer purchases and the addition of new accounts.
- Strategic Acquisitions and Portfolio Expansion: The company is actively pursuing strategic growth through acquisitions. A significant driver is the acquisition of Mercury Financial LLC, announced on September 11, 2025, which is expected to add $3.2 billion of credit card receivables to Atlanticus' general purpose credit card segment and expand its product offerings and capabilities. Additionally, on October 22, 2025, PROG Holdings announced the sale of its Vive Credit Card Receivables Portfolio to Atlanticus, further expanding Atlanticus's credit card portfolio.
- Expansion of Private Label and General Purpose Credit Card Programs: Atlanticus is experiencing growth in both its private label credit and general purpose credit card products offered through its bank partners. The company's Q4 2024 report highlighted growth in private label credit receivables by $292.4 million and general purpose credit card receivables by $21.7 million in the twelve months ended December 31, 2024. This indicates continued expansion within these core product segments.
- Leveraging Financial Technology and Analytics to Enhance Partnerships: As a financial technology company, Atlanticus's proprietary technology and analytics enable its bank, retail, and healthcare partners to offer more inclusive financial services. This technological edge supports the acquisition of new accounts and the deepening of relationships with existing partners, thereby driving revenue growth. The company serves millions of everyday Americans through this model.
- Favorable Analyst Forecasts for Revenue and Earnings Growth: Analysts are projecting strong future growth for Atlanticus. Wall Street analysts forecast Atlanticus Holdings' annual revenue growth rate of 145.95% to beat the US Credit Services industry's average forecast and the US market's average forecast for 2025-2027. Additionally, Atlanticus's earnings are expected to grow 24.72% next year, from $4.49 to $5.60 per share. Overall, Atlanticus Holdings is forecast to grow earnings and revenue by 32.9% and 50.4% per annum respectively.
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Share Repurchases
- Atlanticus repurchased and retired 41,381 shares of its common stock at an aggregate cost of $1.92 million during the second quarter ended June 30, 2025.
- The company consistently evaluates capital utilization to enhance shareholder value, suggesting ongoing consideration of share repurchases.
Share Issuance
- Atlanticus priced a $400 million offering of 9.750% Senior Notes due 2030, with the issuance expected on August 20, 2025.
- The proceeds from the $400 million Senior Notes offering are designated for repaying outstanding recourse warehouse facilities, funding future acquisitions, potentially repaying its 6.125% Senior Notes due 2026, and covering offering-related expenses.
- In November 2021, Atlanticus issued $135 million in 6.125% Senior Notes due 2026.
Outbound Investments
- Atlanticus announced the acquisition of Mercury Financial LLC on September 11, 2025, which is expected to add $3.2 billion of credit card receivables to its general purpose credit card segment and expand its product offerings.
- On October 22, 2025, Atlanticus purchased the Vive Credit Card Receivables Portfolio from PROG Holdings, Inc.
- A portion of the proceeds from the $400 million Senior Notes offering in 2025 is allocated to fund future acquisitions of portfolios and associated businesses.
Capital Expenditures
- The company anticipates increased expenditures related to the growth of its private label credit and general purpose credit card operations.
- Atlanticus expects continued increases in salaries and benefits in 2025 compared to 2024 as it adds resources across its business.
- Investing outflows reached $520.4 million in Q2 2025, largely driven by heavy loan originations.
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| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.85 |
| Mkt Cap | 4.4 |
| Rev LTM | 3,443 |
| Op Inc LTM | 500 |
| FCF LTM | 1,379 |
| FCF 3Y Avg | 1,258 |
| CFO LTM | 1,921 |
| CFO 3Y Avg | 1,705 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.7% |
| Rev Chg 3Y Avg | 6.9% |
| Rev Chg Q | 4.4% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Mgn LTM | 19.8% |
| Op Mgn 3Y Avg | 16.0% |
| QoQ Delta Op Mgn LTM | 1.3% |
| CFO/Rev LTM | 56.0% |
| CFO/Rev 3Y Avg | 55.5% |
| FCF/Rev LTM | 55.2% |
| FCF/Rev 3Y Avg | 54.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.4 |
| P/S | 1.5 |
| P/EBIT | 8.9 |
| P/E | 9.5 |
| P/CFO | 2.2 |
| Total Yield | 11.4% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 48.1% |
| D/E | 1.3 |
| Net D/E | 0.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.3% |
| 3M Rtn | -0.1% |
| 6M Rtn | -3.8% |
| 12M Rtn | 18.6% |
| 3Y Rtn | 76.8% |
| 1M Excs Rtn | -2.6% |
| 3M Excs Rtn | 0.7% |
| 6M Excs Rtn | -9.9% |
| 12M Excs Rtn | -1.5% |
| 3Y Excs Rtn | 9.5% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Credit as a Service (CaaS) | 1,116 | 1,011 | 713 | ||
| Auto Finance | 40 | 36 | 35 | 33 | 33 |
| Credit and Other Investments | 530 | 423 | |||
| Total | 1,156 | 1,047 | 748 | 563 | 455 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Credit as a Service (CaaS) | 2,603 | 2,295 | 1,860 | ||
| Auto Finance | 104 | 93 | 84 | 83 | 80 |
| Credit and Other Investments | 1,125 | 856 | |||
| Total | 2,706 | 2,388 | 1,944 | 1,207 | 936 |
Price Behavior
Price Behavior
| Market Price | $53.98 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 04/23/1999 | |
| Distance from 52W High | -29.1% | |
| 50 Days | 200 Days | |
| DMA Price | $59.08 | $57.69 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -8.6% | -6.4% |
| 3M | 1YR | |
| Volatility | 50.6% | 52.9% |
| Downside Capture | 144.07 | 136.11 |
| Upside Capture | 115.11 | 123.14 |
| Correlation (SPY) | 45.4% | 55.8% |
ATLC Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.68 | 2.26 | 2.22 | 1.64 | 1.55 | 1.66 |
| Up Beta | 5.09 | 7.06 | 5.55 | 3.04 | 1.68 | 1.58 |
| Down Beta | 1.29 | 1.66 | 1.92 | 1.94 | 1.64 | 1.59 |
| Up Capture | 300% | -11% | 103% | 60% | 132% | 625% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 19 | 31 | 62 | 129 | 387 |
| Down Capture | 180% | 224% | 173% | 144% | 125% | 111% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 22 | 30 | 61 | 118 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATLC | |
|---|---|---|---|---|
| ATLC | -2.8% | 53.9% | 0.14 | - |
| Sector ETF (XLF) | -0.8% | 19.7% | -0.16 | 58.2% |
| Equity (SPY) | 15.6% | 19.3% | 0.63 | 55.7% |
| Gold (GLD) | 79.3% | 26.1% | 2.22 | -11.9% |
| Commodities (DBC) | 17.8% | 17.1% | 0.80 | 13.7% |
| Real Estate (VNQ) | 5.6% | 16.6% | 0.16 | 33.8% |
| Bitcoin (BTCUSD) | -18.7% | 45.2% | -0.32 | 30.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATLC | |
|---|---|---|---|---|
| ATLC | 14.2% | 54.7% | 0.45 | - |
| Sector ETF (XLF) | 10.7% | 18.8% | 0.45 | 50.0% |
| Equity (SPY) | 13.2% | 17.0% | 0.61 | 51.7% |
| Gold (GLD) | 22.8% | 17.3% | 1.08 | -3.3% |
| Commodities (DBC) | 10.8% | 19.0% | 0.46 | 9.0% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 39.8% |
| Bitcoin (BTCUSD) | 6.7% | 56.8% | 0.34 | 19.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATLC | |
|---|---|---|---|---|
| ATLC | 33.3% | 68.2% | 0.72 | - |
| Sector ETF (XLF) | 13.7% | 22.2% | 0.57 | 33.0% |
| Equity (SPY) | 15.3% | 17.9% | 0.74 | 34.7% |
| Gold (GLD) | 14.9% | 15.6% | 0.80 | 2.3% |
| Commodities (DBC) | 9.1% | 17.6% | 0.43 | 11.4% |
| Real Estate (VNQ) | 6.5% | 20.7% | 0.28 | 30.9% |
| Bitcoin (BTCUSD) | 66.5% | 66.8% | 1.06 | 13.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2024 | -1.3% | 1.3% | -6.4% |
| 1/24/2024 | -2.4% | 5.2% | -2.5% |
| 11/8/2023 | -4.0% | -1.2% | 0.5% |
| 8/9/2023 | 5.1% | -3.7% | -7.6% |
| 3/15/2023 | -1.4% | 1.6% | 16.8% |
| SUMMARY STATS | |||
| # Positive | 1 | 3 | 2 |
| # Negative | 4 | 2 | 3 |
| Median Positive | 5.1% | 1.6% | 8.6% |
| Median Negative | -1.9% | -2.5% | -6.4% |
| Max Positive | 5.1% | 5.2% | 16.8% |
| Max Negative | -4.0% | -3.7% | -7.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/04/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/15/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/15/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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