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Onyx Acceptance Corp

BUSINESS
April 23, 1999
Shares in Onyx Acceptance Corp., the Foothill Ranch automobile finance company, surged 37% Thursday after the company said its first-quarter net income nearly tripled. Onyx said profits rose to $2.2 million, or 34 cents a share, from $742,360, or 12 cents a share, for the like period last year. Revenue increased 66% to $19.6 million from $11.8 million. The company's stock closed Thursday at $8.63 a share, up $2.31.
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BUSINESS
July 23, 1998
Onyx Acceptance Corp.: The Irvine automobile finance company said second-quarter net income more than doubled, to $1.4 million, or 21 cents a share, from $653,210, or 10 cents a share, in the same period of 1997. Revenue gained 63% to $14.2 million from $8.7 million. Net income for the six-month period increased 69% to $2.2 million, or 34 cents a share, from $1.3 million, or 20 cents a share, for the like period a year ago. Revenue advanced 64% to $26.1 million from $15.9 million.
BUSINESS
January 10, 2001 | Dow Jones
Onyx Acceptance Corp. director G. Bradford Jones reported an 8.4% stake in the Foothill Ranch company Tuesday in a regulatory filing. Jones, general partner of Brentwood Associates, controls 433,592 common shares of Onyx after acquiring 33,592 shares from Brentwood and buying 400,000 shares between Nov. 16 and Dec. 11 at prices varying from $3 to $3.50 a share, according to the report filed with the Securities and Exchange Commission. Onyx shares rose 19 cents to $3.56 in Nasdaq trading.
BUSINESS
June 8, 2000 | Dow Jones
Onyx Acceptance Corp. said Wednesday that its directors authorized the company to begin a stock repurchase program to buy up to $7.5 million worth of common shares. The Foothill Ranch automobile finance company said in a press release that it will repurchase the shares from time to time through open market or unsolicited negotiated transactions. Onyx had about 6.2 million shares outstanding at May 1. The company's stock gained 3 cents a share Wednesday to close at $4.
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