LRT Capital Management LLC Purchases 662 Shares of Credit Acceptance Co. (NASDAQ:CACC)

LRT Capital Management LLC lifted its holdings in shares of Credit Acceptance Co. (NASDAQ:CACC - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,871 shares of the credit services provider's stock after purchasing an additional 662 shares during the period. LRT Capital Management LLC's holdings in Credit Acceptance were worth $1,348,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its holdings in Credit Acceptance by 85.8% in the third quarter. Barclays PLC now owns 5,241 shares of the credit services provider's stock valued at $2,324,000 after buying an additional 2,420 shares during the period. JPMorgan Chase & Co. lifted its holdings in Credit Acceptance by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 4,082 shares of the credit services provider's stock valued at $1,810,000 after buying an additional 118 shares during the period. Eagle Bay Advisors LLC acquired a new position in Credit Acceptance in the fourth quarter valued at $28,000. Park Avenue Securities LLC acquired a new position in Credit Acceptance in the fourth quarter valued at $680,000. Finally, Wedge Capital Management L L P NC lifted its holdings in Credit Acceptance by 2.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,687 shares of the credit services provider's stock valued at $1,261,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 81.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CACC shares. 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 report on Friday, January 31st. StockNews.com raised shares of Credit Acceptance from a "hold" rating to a "buy" rating in a research report on Friday, January 31st.

Insider Activity at Credit Acceptance

In other Credit Acceptance news, insider Nicholas J. Elliott sold 300 shares of the 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 sale, the insider now owns 19,385 shares in the company, valued at approximately $9,731,270. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Douglas W. Busk sold 3,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $515.97, for a total transaction of $1,547,910.00. Following the completion of the sale, the insider now owns 3,112 shares of the company's stock, valued at approximately $1,605,698.64. This trade represents a 49.08% decrease in their position. The disclosure for this sale can be found here. 5.30% of the stock is owned by insiders.

Credit Acceptance Stock Up 0.1%

Shares of CACC stock traded up $0.63 on Friday, reaching $502.17. 61,464 shares of the company were exchanged, compared to its average volume of 67,339. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 25.29 and a beta of 1.23. The company has a 50-day moving average of $489.67 and a 200-day moving average of $483.58. The company has a debt-to-equity ratio of 3.63, a current ratio of 20.33 and a quick ratio of 20.33. Credit Acceptance Co. has a one year low of $409.22 and a one year high of $614.96.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $9.35 earnings per share for the quarter, missing the consensus estimate of $10.31 by ($0.96). Credit Acceptance had a net margin of 11.46% and a return on equity of 29.01%. The business had revenue of $571.10 million during the quarter, compared to the consensus estimate of $570.25 million. During the same period in the previous year, the business posted $9.28 EPS. Credit Acceptance's revenue was up 12.4% compared to the same quarter last year. Analysts anticipate that Credit Acceptance Co. will post 53.24 earnings per share for the current year.

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.