Credit Acceptance (CACC) Set to Announce Quarterly Earnings on Tuesday

Credit Acceptance (NASDAQ:CACC - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Credit Acceptance to post earnings of $9.28 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $10.06 EPS for the quarter, topping analysts' consensus estimates of $9.17 by $0.89. The company had revenue of $491.60 million for the quarter, compared to analyst estimates of $478.80 million. Credit Acceptance had a net margin of 15.04% and a return on equity of 30.94%. On average, analysts expect Credit Acceptance to post $41 EPS for the current fiscal year and $47 EPS for the next fiscal year.

Credit Acceptance Trading Down 0.0 %

Shares of NASDAQ:CACC traded down $0.04 during mid-day trading on Wednesday, reaching $522.22. 42,435 shares of the company's stock were exchanged, compared to its average volume of 67,441. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 23.72 and a beta of 1.45. The business's fifty day moving average price is $549.48 and its 200-day moving average price is $506.67. The company has a debt-to-equity ratio of 2.84, a quick ratio of 15.71 and a current ratio of 15.71. Credit Acceptance has a twelve month low of $379.77 and a twelve month high of $616.66.

Insider Activity at Credit Acceptance

In related news, insider Douglas W. Busk sold 500 shares of the business's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $579.98, for a total value of $289,990.00. Following the transaction, the insider now owns 3,112 shares in the company, valued at $1,804,897.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Douglas W. Busk sold 500 shares of the business's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $579.98, for a total value of $289,990.00. Following the transaction, the insider now owns 3,112 shares in the company, valued at $1,804,897.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Douglas W. Busk sold 2,500 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $572.58, for a total transaction of $1,431,450.00. Following the completion of the transaction, the insider now owns 3,112 shares in the company, valued at approximately $1,781,868.96. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Credit Acceptance from a "hold" rating to a "buy" rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $381.75.

About Credit Acceptance

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.