Credit Acceptance Corporation Company Profile (NASDAQ:CACC)

About Credit Acceptance Corporation

Credit Acceptance Corporation logoCredit Acceptance Corporation (Credit Acceptance) is a provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The Company's financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers, and from sales to customers responding to advertisements for it products. The Company has two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, it advances money to dealer (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealer (Purchased Loan) and keeps all amounts collected from the consumer. Its target market is independent and franchised automobile dealers in the United States. It provides dealers the ability to offer vehicle service contracts to consumers through its relationships with third-party providers (TPPs).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Credit Services
  • Sub-Industry: Consumer Finance
  • Exchange: NASDAQ
  • Symbol: CACC
  • CUSIP: 22531010
Key Metrics:
  • Previous Close: $200.79
  • 50 Day Moving Average: $203.19
  • 200 Day Moving Average: $198.01
  • 52-Week Range: $160.63 - $223.57
  • Trailing P/E Ratio: 12.31
  • Foreward P/E Ratio: 10.31
  • P/E Growth: 1.85
  • Market Cap: $4.00B
  • Outstanding Shares: 19,929,000
  • Beta: 0.76
Profitability:
  • Net Margins: 34.34%
  • Return on Equity: 33.44%
  • Return on Assets: 9.15%
Debt:
  • Debt-to-Equity Ratio: 2.08%
  • Current Ratio: 18.34%
  • Quick Ratio: 18.34%
Additional Links:
Companies Related to Credit Acceptance Corporation:

Analyst Ratings

Consensus Ratings for Credit Acceptance Corporation (NASDAQ:CACC) (?)
Ratings Breakdown: 6 Sell Ratings, 3 Hold Ratings
Consensus Rating:Sell (Score: 1.33)
Consensus Price Target: $181.75 (9.48% downside)

Analysts' Ratings History for Credit Acceptance Corporation (NASDAQ:CACC)
Show:
DateFirmActionRatingPrice TargetDetails
2/17/2017Janney Montgomery ScottDowngradeNeutral -> SellView Rating Details
2/8/2017StephensSet Price TargetSell$170.00View Rating Details
2/5/2017Credit Suisse GroupReiterated RatingSell$190.00View Rating Details
1/23/2017Susquehanna Bancshares IncInitiated CoverageNeutral$226.00View Rating Details
1/11/2017Jefferies Group LLCReiterated RatingHold$215.00View Rating Details
9/6/2016Compass PointDowngradeNeutral -> Sell$170.00View Rating Details
5/11/2016MacquarieDowngradeNeutral -> Underperform$190.00 -> $150.00View Rating Details
5/3/2016BMO Capital MarketsReiterated RatingHoldView Rating Details
3/16/2016JMP SecuritiesDowngradeMarket Perform -> Underperform$160.00View Rating Details
2/3/2016Raymond James Financial, Inc.DowngradeMkt Perform -> UnderperformView Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Credit Acceptance Corporation (NASDAQ:CACC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
1/31/2017Q416$4.26$4.79$250.54 million$236.20 millionViewN/AView Earnings Details
11/1/2016Q316$4.11$4.53$244.65 million$246.00 millionViewN/AView Earnings Details
7/29/2016Q216$3.86$4.38$232.37 million$238.50 millionViewListenView Earnings Details
5/2/2016Q116$3.81$4.02$224.06 millionViewListenView Earnings Details
2/1/2016Q415$3.75$4.00$216.49 million$217.80 millionViewN/AView Earnings Details
10/29/2015Q315$3.69$3.77$207.44 millionViewListenView Earnings Details
7/29/2015Q2$3.59$3.60$195.50 million$203.10 millionViewListenView Earnings Details
4/29/2015Q115$3.33$3.44$194.20 millionViewN/AView Earnings Details
1/29/2015$3.26$3.28ViewN/AView Earnings Details
10/29/2014Q313$3.14$3.26$181.70 millionViewN/AView Earnings Details
7/30/2014Q213$2.90$2.98$181.37 million$179.80 millionViewN/AView Earnings Details
4/29/2014$2.79$2.72ViewN/AView Earnings Details
1/30/2014Q4$2.73$2.30ViewN/AView Earnings Details
11/1/2012Q312$2.24$2.23$156.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Credit Acceptance Corporation (NASDAQ:CACC)
Current Year EPS Consensus Estimate: $18.26 EPS
Next Year EPS Consensus Estimate: $19.48 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$3.72$3.72$3.72
Q2 20161$3.70$3.70$3.70
Q3 20161$4.26$4.26$4.26
Q4 20161$4.30$4.30$4.30
Q1 20171$4.60$4.60$4.60
Q2 20171$4.63$4.63$4.63
Q3 20171$4.63$4.63$4.63
Q4 20171$4.85$4.85$4.85
Q1 20181$4.66$4.66$4.66
Q2 20181$5.13$5.13$5.13
Q3 20181$4.93$4.93$4.93
Q4 20181$5.33$5.33$5.33
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Credit Acceptance Corporation (NASDAQ:CACC)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Credit Acceptance Corporation (NASDAQ:CACC)
Insider Ownership Percentage: 25.20%
Institutional Ownership Percentage: 52.09%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/7/2017Donald A FossMajor ShareholderSell660,000$194.00$128,040,000.00View SEC Filing  
12/30/2016Donald A FossMajor ShareholderSell404$220.20$88,960.80View SEC Filing  
12/27/2016Donald A FossChairmanSell405$220.17$89,168.85View SEC Filing  
9/26/2016Jill Foss WatsonMajor ShareholderSell240,000$197.50$47,400,000.00View SEC Filing  
8/30/2016Jill Foss WatsonMajor ShareholderSell9,995$200.91$2,008,095.45View SEC Filing  
8/29/2016Jill Foss WatsonMajor ShareholderSell35,211$205.18$7,224,592.98View SEC Filing  
8/26/2016Jill Foss WatsonMajor ShareholderSell27,626$200.94$5,551,168.44View SEC Filing  
8/24/2016Jill Foss WatsonMajor ShareholderSell17,761$202.36$3,594,115.96View SEC Filing  
8/23/2016Jill Foss WatsonMajor ShareholderSell13,111$201.54$2,642,390.94View SEC Filing  
8/17/2016Jill Foss WatsonMajor ShareholderSell12,984$201.23$2,612,770.32View SEC Filing  
8/16/2016Jill Foss WatsonMajor ShareholderSell41,869$204.30$8,553,836.70View SEC Filing  
8/15/2016Jill Foss WatsonMajor ShareholderSell43,196$202.97$8,767,492.12View SEC Filing  
8/12/2016Jill Foss WatsonMajor ShareholderSell48,247$200.66$9,681,243.02View SEC Filing  
6/17/2016Allan Victor AppleMajor ShareholderBuy100$166.05$16,605.00View SEC Filing  
4/26/2016Jill Foss WatsonMajor ShareholderSell15,000$201.29$3,019,350.00View SEC Filing  
3/10/2016Donald A FossMajor ShareholderSell400$220.11$88,044.00View SEC Filing  
12/1/2015Thomas W SmithInsiderBuy1,000$202.39$202,390.00View SEC Filing  
11/20/2015Thomas W SmithInsiderBuy8,000$170.34$1,362,720.00View SEC Filing  
11/19/2015Kenneth BoothCFOBuy5,000$164.80$824,000.00View SEC Filing  
5/11/2015Brett A RobertsCEOSell7,930$229.33$1,818,586.90View SEC Filing  
2/24/2015Douglas W BuskVPSell1,575$179.48$282,681.00View SEC Filing  
2/23/2015John S SoaveInsiderSell1,000$175.00$175,000.00View SEC Filing  
2/18/2015Kenneth BoothCFOSell2,000$172.56$345,120.00View SEC Filing  
11/6/2014Brett A RobertsCEOSell5,000$151.67$758,350.00View SEC Filing  
11/5/2014Brett A RobertsCEOSell5,000$148.79$743,950.00View SEC Filing  
10/24/2014Jill Foss WatsonMajor ShareholderSell279,577$125.54$35,098,096.58View SEC Filing  
10/23/2014Donald A FossMajor ShareholderSell430,967$125.54$54,103,597.18View SEC Filing  
9/2/2014Brett A RobertsCEOSell5,000$123.10$615,500.00View SEC Filing  
8/1/2014Kenneth BoothCFOBuy2,000$113.25$226,500.00View SEC Filing  
6/20/2014Jill Foss WatsonMajor ShareholderSell536,180$125.58$67,333,484.40View SEC Filing  
4/1/2014Jill Foss Watsonmajor shareholderSell318,580$133.35$42,482,643.00View SEC Filing  
3/7/2014Glenda FlanaganDirectorSell4,800$146.26$702,048.00View SEC Filing  
2/6/2014Glenda FlanaganDirectorSell2,079$130.89$272,120.31View SEC Filing  
11/5/2013Kenneth BoothCFOSell2,000$122.13$244,260.00View SEC Filing  
8/8/2013Brett RobertsCEOSell4,000$114.31$457,240.00View SEC Filing  
8/2/2013Kenneth BoothCFOSell2,805$112.95$316,824.75View SEC Filing  
8/1/2013Kenneth BoothCFOSell3,163$112.87$357,007.81View SEC Filing  
6/28/2013Glenda J FlanaganDirectorSell5,000$107.11$535,550.00View SEC Filing  
6/19/2013Glenda J FlanaganDirectorSell5,700$109.69$625,233.00View SEC Filing  
6/18/2013Glenda J FlanaganDirectorSell9,300$110.29$1,025,697.00View SEC Filing  
12/26/2012Prescott General Partners LlcInsiderSell20,000$99.44$1,988,800.00View SEC Filing  
11/5/2012Kenneth BoothCFOBuy2,038$82.15$167,421.70View SEC Filing  
9/5/2012Donald A FossMajor ShareholderSell240,000$91.02$21,844,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Credit Acceptance Corporation (NASDAQ:CACC)
DateHeadline
finance.yahoo.com logoCredit Acceptance Announces Completion of $350.0 Million Asset-Backed Financing (NASDAQ:CACC)
finance.yahoo.com - February 23 at 9:06 PM
marketexclusive.com logoCREDIT ACCEPTANCE CORPORATION (NASDAQ:CACC) Files An 8-K Other Events (NASDAQ:CACC)
marketexclusive.com - February 20 at 11:58 AM
benzinga.com logoFTC Subprime Auto Lending Investigation Could Be Early Sign Of A Deteriorating Market (NASDAQ:CACC)
www.benzinga.com - February 18 at 3:59 PM
4-traders.com logoCREDIT ACCEPTANCE CORP : Other Events (form 8-K) (NASDAQ:CACC)
www.4-traders.com - February 18 at 8:25 AM
benzinga.com logoFTC Subprime Auto Lending Investigation Could Be Early Sign Of A Deteriorating Market - Benzinga (NASDAQ:CACC)
www.benzinga.com - February 17 at 3:33 PM
marketexclusive.com logoAnalyst Downgrades – Credit Acceptance Corporation (NASDAQ:CACC) Stock Gets Downgraded By Janney Montgomery Scott from Neutral to Sell (NASDAQ:CACC)
marketexclusive.com - February 17 at 11:07 AM
finance.yahoo.com logoCREDIT ACCEPTANCE CORP Financials (NASDAQ:CACC)
finance.yahoo.com - February 16 at 8:56 AM
biz.yahoo.com logoCREDIT ACCEPTANCE CORP Files SEC form 10-K, Annual Report (NASDAQ:CACC)
biz.yahoo.com - February 10 at 8:45 PM
seekingalpha.com logoBuy Ford And Short Credit Acceptance: Our Automotive Pair Trade (NASDAQ:CACC)
seekingalpha.com - February 9 at 9:25 PM
nasdaq.com logoIs Credit Acceptance (CACC) a Top Choice for Value Investors? - Nasdaq (NASDAQ:CACC)
www.nasdaq.com - February 9 at 4:24 PM
finance.yahoo.com logoIs Credit Acceptance (CACC) a Top Choice for Value Investors? (NASDAQ:CACC)
finance.yahoo.com - February 9 at 4:24 PM
biz.yahoo.com logoCREDIT ACCEPTANCE CORP Files SEC form 8-K, Other Events (NASDAQ:CACC)
biz.yahoo.com - February 8 at 4:22 PM
realistinvestor.com logoCredit Acceptance Corporation (NASDAQ:CACC) EPS Projection At $5.09 - RealistInvestor.com (NASDAQ:CACC)
www.realistinvestor.com - February 4 at 9:13 PM
News IconJefferies Group Equities Analysts Raise Earnings Estimates for Credit Acceptance Corporation (CACC) (NASDAQ:CACC)
forextv.com - February 3 at 4:20 PM
streetinsider.com logoForm 4 CREDIT ACCEPTANCE CORP For: Jan 30 Filed by: PEARCE CHARLES A (NASDAQ:CACC)
www.streetinsider.com - February 2 at 9:23 PM
seekingalpha.com logoCredit Acceptance: Where's the sell-side love? - Seeking Alpha (NASDAQ:CACC)
seekingalpha.com - February 2 at 4:20 PM
streetinsider.com logoForm 4 CREDIT ACCEPTANCE CORP For: Jan 30 Filed by: ROBERTS BRETT A (NASDAQ:CACC)
www.streetinsider.com - February 1 at 9:23 PM
finance.yahoo.com logoEdited Transcript of CACC earnings conference call or presentation 31-Jan-17 10:00pm GMT (NASDAQ:CACC)
finance.yahoo.com - February 1 at 4:22 PM
seekingalpha.com logoCredit Acceptance's (CACC) CEO Brett Roberts on Q4 2016 Results - Earnings Call Transcript (NASDAQ:CACC)
seekingalpha.com - February 1 at 2:29 AM
4-traders.com logoCredit Acceptance : tops Street 4Q forecasts (NASDAQ:CACC)
www.4-traders.com - January 31 at 9:28 PM
sg.finance.yahoo.com logoCredit Acceptance tops Street 4Q forecasts (NASDAQ:CACC)
sg.finance.yahoo.com - January 31 at 9:28 PM
4-traders.com logoCREDIT ACCEPTANCE CORP : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K) (NASDAQ:CACC)
www.4-traders.com - January 31 at 4:28 PM
biz.yahoo.com logoQ4 2016 Credit Acceptance Corp Earnings Release - After Market Close (NASDAQ:CACC)
biz.yahoo.com - January 31 at 4:28 PM
finance.yahoo.com logoCredit Acceptance Announces Fourth Quarter and Full Year 2016 Earnings (NASDAQ:CACC)
finance.yahoo.com - January 31 at 4:28 PM
News IconStocks Wilt on Friday But Pull Off Positive Week, How Did This One Fare: Credit Acceptance Corp. (NASDAQ:CACC) - Wall Street Beacon (NASDAQ:CACC)
wsbeacon.com - January 28 at 9:17 PM
finance.yahoo.com logoAlliance Data (ADS) Q4 Core Earnings, Revenues Rise Y/Y (NASDAQ:CACC)
finance.yahoo.com - January 26 at 4:57 PM
finance.yahoo.com logoCredit Acceptance Announces Timing of Fourth Quarter and Full Year 2016 Earnings Release and Webcast (NASDAQ:CACC)
finance.yahoo.com - January 24 at 4:40 PM
us.rd.yahoo.com logoCoverage initiated on Credit Acceptance Corp. by Susquehanna (NASDAQ:CACC)
us.rd.yahoo.com - January 23 at 4:24 PM
capitalcube.com logoCredit Acceptance Corp. breached its 50 day moving average in a Bearish Manner : CACC-US : January 20, 2017 (NASDAQ:CACC)
www.capitalcube.com - January 20 at 5:13 PM
News IconWhat are Analysts Expecting for Credit Acceptance Corporation (NASDAQ:CACC) Earnings? - Aiken Advocate (NASDAQ:CACC)
aikenadvocate.com - January 17 at 9:55 PM
News IconWill The Needle Move For Credit Acceptance Corporation (NASDAQ:CACC) Shares This Earnings Season? - Wall Street Beacon (NASDAQ:CACC)
wsbeacon.com - January 17 at 9:55 PM
realistinvestor.com logoCredit Acceptance Corporation (NASDAQ:CACC) EPS Estimate At $5.27 (NASDAQ:CACC)
www.realistinvestor.com - January 14 at 9:11 PM
marketexclusive.com logoAnalyst Activity – Jefferies Group Reiterates Hold on Credit Acceptance Corporation (NASDAQ:CACC) (NASDAQ:CACC)
marketexclusive.com - January 11 at 4:29 PM
investornewswire.com logoCredit Acceptance Corporation (NASDAQ:CACC) Records An Impact Score Of 83 - Investor Newswire (NASDAQ:CACC)
www.investornewswire.com - January 9 at 10:18 PM
realistinvestor.com logoCredit Acceptance Corporation (NASDAQ:CACC) Is Expected To Post EPS Of $5.27 - RealistInvestor.com (NASDAQ:CACC)
www.realistinvestor.com - January 7 at 9:41 PM
nasdaq.com logoCommit To Purchase Credit Acceptance At $165, Earn 9.1% Annualized Using Options (NASDAQ:CACC)
www.nasdaq.com - January 6 at 4:28 PM
marketexclusive.com logoCREDIT ACCEPTANCE CORPORATION (NASDAQ:CACC) Files An 8-K Entry into a Material Definitive Agreement (NASDAQ:CACC)
marketexclusive.com - January 5 at 4:30 PM
News IconNotable Insider Report: Reasons for Donald Foss’s Shares Unload of Credit Acceptance Corp. (NASDAQ:CACC)’s Stock (NASDAQ:CACC)
www.whatsonthorold.com - January 4 at 10:08 PM
us.rd.yahoo.com logo4:06 pm Credit Acceptance Corp. announced that Chairman Donald A. Foss has decided to retire as an officer and director effective January 3, 2017 (NASDAQ:CACC)
us.rd.yahoo.com - January 4 at 10:08 PM
biz.yahoo.com logoCREDIT ACCEPTANCE CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or Princip (NASDAQ:CACC)
biz.yahoo.com - January 4 at 5:05 PM
publicnow.com logoCredit Acceptance Announces Retirement of Chairman and Founder, Donald A. Foss (NASDAQ:CACC)
www.publicnow.com - January 4 at 5:05 PM
realistinvestor.com logoCredit Acceptance Corporation (NASDAQ:CACC) EPS Estimaged At $5.27 - RealistInvestor.com (NASDAQ:CACC)
www.realistinvestor.com - December 31 at 9:09 PM
marketexclusive.com logoInsider Trading Activity Credit Acceptance Corp. (NASDAQ:CACC) – Chairman Sold 405 shares of Stock (NASDAQ:CACC)
marketexclusive.com - December 29 at 2:09 AM
News IconInsider Trading: Donald Foss Sold 405 Shares of Credit Acceptance Corp. (NASDAQ:CACC) (NASDAQ:CACC)
www.whatsonthorold.com - December 28 at 9:07 PM
4-traders.com logoCredit Acceptance : Named One of the Best and Brightest Companies to Work For in the Nation (NASDAQ:CACC)
www.4-traders.com - December 21 at 4:01 PM
finance.yahoo.com logoCredit Acceptance Named One of the Best and Brightest Companies to Work For® in the Nation (NASDAQ:CACC)
finance.yahoo.com - December 20 at 4:35 PM
News IconCredit Acceptance Corp. (CACC) Stock: Here's Why It's Tanking - CNA Finance (press release) (NASDAQ:CACC)
cnafinance.com - December 18 at 4:09 PM
seekingalpha.com logoShort seller takes small bite out of Credit Acceptance (NASDAQ:CACC)
seekingalpha.com - December 16 at 4:30 PM
News IconCredit Acceptance Corp. (CACC) Stock: Here’s Why It’s Tanking (NASDAQ:CACC)
cnafinance.com - December 16 at 4:30 PM
feeds.benzinga.com logoPrescience Point Unleashes Tweetstorm On Credit Acceptance (NASDAQ:CACC)
feeds.benzinga.com - December 16 at 4:22 PM

Social

What is Credit Acceptance Corporation's stock symbol?

Credit Acceptance Corporation trades on the NASDAQ under the ticker symbol "CACC."

Where is Credit Acceptance Corporation's stock going? Where will Credit Acceptance Corporation's stock price be in 2017?

9 brokerages have issued 12 month price targets for Credit Acceptance Corporation's stock. Their forecasts range from $150.00 to $226.00. On average, they expect Credit Acceptance Corporation's share price to reach $181.75 in the next twelve months.

When will Credit Acceptance Corporation announce their earnings?

Credit Acceptance Corporation is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

Who owns Credit Acceptance Corporation stock?

Credit Acceptance Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Abrams Bison Investments LLC (5.65%), Baupost Group LLC MA (1.23%), XL Group Investments Ltd (1.14%), Goodnow Investment Group LLC (1.07%), Dimensional Fund Advisors LP (0.84%) and Billings Capital Management LLC (0.66%). Company insiders that own Credit Acceptance Corporation stock include Allan Victor Apple, Brett A Roberts, Donald A Foss, Jill Foss Watson, Kenneth Booth and Thomas W Smith.

Who sold Credit Acceptance Corporation stock? Who is selling Credit Acceptance Corporation stock?

Credit Acceptance Corporation's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Allianz Asset Management AG, Clough Capital Partners L P, Dimensional Fund Advisors LP, Goodnow Investment Group LLC, Envestnet Asset Management Inc., AQR Capital Management LLC and Gamco Investors INC. ET AL. Company insiders that have sold Credit Acceptance Corporation stock in the last year include Donald A Foss and Jill Foss Watson.

Who bought Credit Acceptance Corporation stock? Who is buying Credit Acceptance Corporation stock?

Credit Acceptance Corporation's stock was purchased by a variety of institutional investors in the last quarter, including XL Group Investments Ltd, Baupost Group LLC MA, Falcon Edge Capital LP, Billings Capital Management LLC, Schaller Investment Group Inc., Franklin Resources Inc., DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main and Soros Fund Management LLC. Company insiders that have bought Credit Acceptance Corporation stock in the last two years include Allan Victor Apple, Kenneth Booth and Thomas W Smith.

How do I buy Credit Acceptance Corporation stock?

Shares of Credit Acceptance Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Credit Acceptance Corporation stock cost?

One share of Credit Acceptance Corporation stock can currently be purchased for approximately $200.79.

Credit Acceptance Corporation (NASDAQ:CACC) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)

Earnings History Chart

Earnings by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)

Dividend History Chart

Dividend Payments by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)

Last Updated on 2/25/2017 by MarketBeat.com Staff