845 Shares in Credit Acceptance Corporation $CACC Purchased by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in shares of Credit Acceptance Corporation (NASDAQ:CACC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 845 shares of the credit services provider's stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CACC. New York State Common Retirement Fund boosted its holdings in shares of Credit Acceptance by 0.7% in the first quarter. New York State Common Retirement Fund now owns 3,780 shares of the credit services provider's stock worth $1,952,000 after buying an additional 27 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in Credit Acceptance by 2.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 1,690 shares of the credit services provider's stock valued at $873,000 after acquiring an additional 46 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Credit Acceptance in the first quarter worth about $26,000. US Bancorp DE raised its holdings in shares of Credit Acceptance by 35.8% during the 1st quarter. US Bancorp DE now owns 243 shares of the credit services provider's stock worth $125,000 after acquiring an additional 64 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Credit Acceptance by 0.8% during the first quarter. Rhumbline Advisers now owns 9,122 shares of the credit services provider's stock valued at $4,710,000 after purchasing an additional 70 shares in the last quarter. 81.71% of the stock is currently owned by institutional investors.

Credit Acceptance Price Performance

Credit Acceptance stock opened at $513.17 on Tuesday. The firm's fifty day moving average is $502.13 and its 200 day moving average is $494.51. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 14.79 and a beta of 1.25. The company has a quick ratio of 22.03, a current ratio of 22.03 and a debt-to-equity ratio of 4.16. Credit Acceptance Corporation has a 52-week low of $409.22 and a 52-week high of $560.00.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $8.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.84 by ($1.28). The firm had revenue of $583.80 million during the quarter, compared to the consensus estimate of $583.30 million. Credit Acceptance had a return on equity of 27.06% and a net margin of 18.69%.Credit Acceptance's revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $10.29 EPS. Sell-side analysts forecast that Credit Acceptance Corporation will post 53.24 EPS for the current fiscal year.

Insider Activity at Credit Acceptance

In other Credit Acceptance news, insider Daniel A. Ulatowski sold 6,356 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $522.16, for a total transaction of $3,318,848.96. Following the transaction, the insider directly owned 28,290 shares in the company, valued at $14,771,906.40. This represents a 18.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jonathan Lum sold 6,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $512.61, for a total transaction of $3,075,660.00. Following the transaction, the chief operating officer owned 31,493 shares in the company, valued at approximately $16,143,626.73. The trade was a 16.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,428 shares of company stock valued at $19,262,627. Company insiders own 6.60% of the company's stock.

Credit Acceptance 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.

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