Credit Acceptance Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Credit Acceptance stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CACC, but not buy additional shares or sell existing shares.
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4 Wall Street research analysts have issued twelve-month price targets for Credit Acceptance's shares. Their CACC stock forecasts range from $355.00 to $519.00. On average, they expect Credit Acceptance's share price to reach $440.50 in the next year. This suggests that the stock has a possible downside of 10.7%.
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Credit Acceptance's stock was trading at $687.68 on January 1st, 2022. Since then, CACC shares have decreased by 28.3% and is now trading at $493.04.
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Credit Acceptance is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Credit Acceptance.

Credit Acceptance Co. (NASDAQ:CACC) issued its quarterly earnings data on Monday, May, 2nd. The credit services provider reported $13.76 EPS for the quarter, topping analysts' consensus estimates of $13.30 by $0.46. The credit services provider earned $455.70 million during the quarter, compared to the consensus estimate of $443.64 million. Credit Acceptance had a trailing twelve-month return on equity of 44.07% and a net margin of 52.16%. During the same period in the prior year, the firm posted $9.64 earnings per share.
View Credit Acceptance's earnings history.

284 employees have rated Credit Acceptance CEO Brett A. Roberts on Glassdoor.com. Brett A. Roberts has an approval rating of 87% among Credit Acceptance's employees.

Some companies that are related to Credit Acceptance include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), SLM (SLM), Nelnet (NNI), PRA Group (PRAA), Encore Capital Group (ECPG), Green Dot (GDOT), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM) and Nicholas Financial (NICK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Credit Acceptance investors own include Bank of America (BAC), Gilead Sciences (GILD), Netflix (NFLX), Salesforce (CRM), Home Depot (HD), NVIDIA (NVDA), AT&T (T), Tesla (TSLA), AbbVie (ABBV) and Alibaba Group (BABA).

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

Shares of CACC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CACC stock can currently be purchased for approximately $493.04.

Credit Acceptance (NASDAQ:CACC) has a market capitalization of $6.48 billion and generates $1.86 billion in revenue each year. The credit services provider earns $958.30 million in net income (profit) each year or $62.51 on an earnings per share basis.

Credit Acceptance employs 2,073 workers across the globe.

Credit Acceptance was founded in 1972.

Credit Acceptance's mailing address is 25505 W. Twelve Mile Road, Southfield MI, 48034. The official website for Credit Acceptance is www.creditacceptance.com. The credit services provider can be reached via phone at (248) 353-2700, via email at [email protected], or via fax at 248-353-9776.