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NASDAQ:CACC

Credit Acceptance (CACC) Stock Forecast, Price & News

$452.38
-7.74 (-1.68%)
(As of 02:04 PM ET)
Compare
Today's Range
$451.37
$465.24
50-Day Range
$460.12
$556.60
52-Week Range
$358.00
$576.05
Volume
45,673 shs
Average Volume
84,379 shs
Market Capitalization
$5.80 billion
P/E Ratio
17.83
Dividend Yield
N/A
Price Target
$400.00

Credit Acceptance MarketRank™ Forecast

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
11.6% Downside
$400.00 Price Target
Short Interest
Bearish
10.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.95mentions of Credit Acceptance in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$46.56 M Sold Last Quarter
Proj. Earnings Growth
24.87%
From $47.53 to $59.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.52 out of 5 stars

Finance Sector

840th out of 878 stocks

Personal Credit Institutions Industry

13th out of 13 stocks


CACC stock logo

About Credit Acceptance (NASDAQ:CACC) Stock

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services to independent and franchised automobile dealers 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. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was incorporated in 1972 and is headquartered in Southfield, Michigan.

CACC Price History

CACC Stock News Headlines

Are "The Magnificent Seven" the Next Sears?
The former retail giant’s sales once accounted for 1% of the U.S. economy. Now it’s nearly extinct. Will the same happen to big tech? Learn more here.
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
CACC - Credit Acceptance Corporation
A Blessing in Disguise
CACC Credit Acceptance Corporation
See More Headlines
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CACC Company Calendar

Last Earnings
8/01/2023
Today
10/02/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
Current Symbol
NASDAQ:CACC
CUSIP
22531010
Employees
2,246
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$400.00
High Stock Price Forecast
$440.00
Low Stock Price Forecast
$380.00
Forecasted Upside/Downside
-13.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$535.80 million
Pretax Margin
23.76%

Debt

Sales & Book Value

Annual Sales
$1.84 billion
Cash Flow
$57.73 per share
Book Value
$125.65 per share

Miscellaneous

Free Float
12,283,000
Market Cap
$5.90 billion
Optionable
Optionable
Beta
1.33

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Key Executives

  • Mr. Kenneth S. BoothMr. Kenneth S. Booth (Age 56)
    CEO, Pres & Director
    Comp: $1.02M
  • Mr. Ravi Mohan (Age 50)
    Chief Technology Officer
    Comp: $95.51k
  • Mr. Andrew RostamiMr. Andrew Rostami (Age 43)
    Chief Marketing & Product Officer
    Comp: $420.69k
  • Ms. Wendy A. Rummler (Age 46)
    Chief People Officer
    Comp: $427.31k
  • Mr. Arthur L. SmithMr. Arthur L. Smith (Age 50)
    Chief Analytics Officer
    Comp: $717.75k
  • Mr. Jonathan L. LumMr. Jonathan L. Lum (Age 46)
    Chief Operating Officer
  • Mr. Jay D. Martin (Age 49)
    Sr. VP of Accounting & Financial Reporting and Principal Accounting Officer
  • Mr. Noah Kotch (Age 53)
    Chief Information Officer
  • Ms. Erin J. Kerber (Age 43)
    Chief Legal Officer, Chief Compliance Officer & Sec.
  • Mr. Daniel A. UlatowskiMr. Daniel A. Ulatowski (Age 51)
    Chief Sales Officer













CACC Stock - Frequently Asked Questions

Should I buy or sell Credit Acceptance stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" CACC shares.
View CACC analyst ratings
or view top-rated stocks.

What is Credit Acceptance's stock price forecast for 2023?

3 brokerages have issued 1-year target prices for Credit Acceptance's shares. Their CACC share price forecasts range from $380.00 to $440.00. On average, they expect the company's share price to reach $400.00 in the next year. This suggests that the stock has a possible downside of 13.1%.
View analysts price targets for CACC
or view top-rated stocks among Wall Street analysts.

How have CACC shares performed in 2023?

Credit Acceptance's stock was trading at $474.40 at the start of the year. Since then, CACC stock has decreased by 3.0% and is now trading at $460.12.
View the best growth stocks for 2023 here
.

Are investors shorting Credit Acceptance?

Credit Acceptance saw a increase in short interest in September. As of September 15th, there was short interest totaling 843,500 shares, an increase of 8.7% from the August 31st total of 776,100 shares. Based on an average trading volume of 66,300 shares, the short-interest ratio is presently 12.7 days. Approximately 10.5% of the company's stock are sold short.
View Credit Acceptance's Short Interest
.

When is Credit Acceptance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CACC earnings forecast
.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Co. (NASDAQ:CACC) released its earnings results on Tuesday, August, 1st. The credit services provider reported $10.69 earnings per share for the quarter, missing analysts' consensus estimates of $10.81 by $0.12. The credit services provider earned $477.90 million during the quarter, compared to analyst estimates of $463.83 million. Credit Acceptance had a net margin of 18.14% and a trailing twelve-month return on equity of 36.01%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $13.92 earnings per share.

What ETFs hold Credit Acceptance's stock?

ETFs with the largest weight of Credit Acceptance (NASDAQ:CACC) stock in their portfolio include SRH U.S. Quality ETF (SRHQ) and Harbor Corporate Culture Leaders ETF (HAPY).Ranger Equity Bear ETF (HDGE).

What is Kenneth S. Booth's approval rating as Credit Acceptance's CEO?

66 employees have rated Credit Acceptance Chief Executive Officer Kenneth S. Booth on Glassdoor.com. Kenneth S. Booth has an approval rating of 87% among the company's employees. 78.0% of employees surveyed would recommend working at Credit Acceptance to a friend.

What other stocks do shareholders of Credit Acceptance own?

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).

What is Credit Acceptance's stock symbol?

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

How do I buy shares of Credit Acceptance?

Shares of CACC stock 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.
Compare Top Brokerages Here.

What is Credit Acceptance's stock price today?

One share of CACC stock can currently be purchased for approximately $460.12.

How much money does Credit Acceptance make?

Credit Acceptance (NASDAQ:CACC) has a market capitalization of $5.90 billion and generates $1.84 billion in revenue each year. The credit services provider earns $535.80 million in net income (profit) each year or $25.37 on an earnings per share basis.

How many employees does Credit Acceptance have?

The company employs 2,246 workers across the globe.

How can I contact Credit Acceptance?

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

This page (NASDAQ:CACC) was last updated on 10/2/2023 by MarketBeat.com Staff

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