Credit Acceptance (CACC) Projected to Post Earnings on Wednesday

Credit Acceptance (NASDAQ:CACC - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $10.31 per share and revenue of $570.25 million for the quarter.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $10.17 EPS for the quarter, topping analysts' consensus estimates of $7.70 by $2.47. Credit Acceptance had a net margin of 11.46% and a return on equity of 29.01%. On average, analysts expect Credit Acceptance to post $53 EPS for the current fiscal year and $60 EPS for the next fiscal year.

Credit Acceptance Stock Performance

CACC stock traded down $3.39 during midday trading on Friday, reaching $483.36. 53,285 shares of the company were exchanged, compared to its average volume of 62,919. The business has a 50-day moving average price of $488.13 and a two-hundred day moving average price of $481.46. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 24.34 and a beta of 1.27. Credit Acceptance has a one year low of $409.22 and a one year high of $614.96. The company has a debt-to-equity ratio of 3.63, a current ratio of 20.33 and a quick ratio of 20.33.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CACC. StockNews.com raised shares of Credit Acceptance from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Stephens boosted their target price on shares of Credit Acceptance from $452.00 to $500.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st.

Insider Activity

In related news, insider Douglas W. Busk sold 3,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $515.97, for a total value of $1,547,910.00. Following the completion of the transaction, the insider now owns 3,112 shares of the company's stock, valued at $1,605,698.64. The trade was a 49.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas J. Elliott sold 300 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $502.00, for a total value of $150,600.00. Following the completion of the transaction, the insider now directly owns 19,385 shares of the company's stock, valued at approximately $9,731,270. This trade represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by company insiders.

Credit Acceptance Company Profile

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers.