Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts 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. Credit Acceptance Corporation was founded in 1972 and is headquartered in Southfield, Michigan.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
SymbolNASDAQ:CACC
CUSIP22531010
Phone248-353-2700
Debt
Debt-to-Equity Ratio2.07
Current Ratio22.16
Quick Ratio22.16
Price-To-Earnings
Trailing P/E Ratio18.32
Forward P/E Ratio14.48
P/E Growth0.77
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales6.51
Cash Flow$21.9976 per share
Price / Cash17.02
Book Value$79.53 per share
Price / Book4.71
Profitability
EPS (Most Recent Fiscal Year)$20.44
Net Income$470.20 million
Net Margins43.49%
Return on Equity29.44%
Return on Assets8.50%
Miscellaneous
Employees1,817
Outstanding Shares19,310,000
Market Cap$7,083.04
Credit Acceptance (NASDAQ:CACC) Frequently Asked Questions
What is Credit Acceptance's stock symbol?
Credit Acceptance trades on the NASDAQ under the ticker symbol "CACC."
How will Credit Acceptance's stock buyback program work?
Credit Acceptance declared that its board has authorized a stock repurchase plan on Thursday, April 6th 2017, which authorizes the company to repurchase 1,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.
How were Credit Acceptance's earnings last quarter?
Credit Acceptance Corp. (NASDAQ:CACC) posted its earnings results on Thursday, May, 3rd. The credit services provider reported $6.11 earnings per share for the quarter, missing the consensus estimate of $6.19 by $0.08. The credit services provider had revenue of $295.60 million for the quarter, compared to the consensus estimate of $296.16 million. Credit Acceptance had a net margin of 43.49% and a return on equity of 29.44%. The firm's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.67 EPS. View Credit Acceptance's Earnings History.
When is Credit Acceptance's next earnings date?
What price target have analysts set for CACC?
8 equities research analysts have issued 1 year price targets for Credit Acceptance's shares. Their forecasts range from $230.00 to $365.00. On average, they expect Credit Acceptance's stock price to reach $276.7143 in the next twelve months. This suggests that the stock has a possible downside of 26.1%. View Analyst Ratings for Credit Acceptance.
What is the consensus analysts' recommendation for Credit Acceptance?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
Who are some of Credit Acceptance's key competitors?
Some companies that are related to Credit Acceptance include Discover Financial Services (DFS), Santander Consumer USA (SC), SLM (SLM), OneMain (OMF), Nelnet (NNI), Enova International (ENVA), PROVIDENT Finl/S (FPLPY), World Acceptance (WRLD), Oaktree Specialty Lending (OCSL), Regional Management (RM), Atlanticus (ATLC), IEG (IEGH), IEG (IEGH) and "Mr. Amazing Loans Corporation" (MRAL).
Who are Credit Acceptance's key executives?
Credit Acceptance's management team includes the folowing people:
- Mr. Brett A. Roberts, CEO & Director (Age 52)
- Mr. Kenneth S. Booth, Chief Financial Officer (Age 51)
- Mr. Charles A. Pearce, Chief Legal Officer & Corp. Sec. (Age 54)
- Mr. Arthur L. Smith, Chief Analytics Officer (Age 45)
- Mr. John S. Soave, Chief Information Officer (Age 53)
Has Credit Acceptance been receiving favorable news coverage?
News articles about CACC stock have trended somewhat positive recently, Accern reports. The research group scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Credit Acceptance earned a coverage optimism score of 0.22 on Accern's scale. They also gave press coverage about the credit services provider an impact score of 45.56 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Credit Acceptance's major shareholders?
Credit Acceptance's stock is owned by many different of retail and institutional investors. Top institutional investors include SG Capital Management LLC (0.10%), Account Management LLC (0.09%), Amalgamated Bank (0.01%), Xact Kapitalforvaltning AB (0.01%) and State of Alaska Department of Revenue (0.01%). Company insiders that own Credit Acceptance stock include Arthur L Smith, Charles A Pearce, Donald A Foss, Douglas W Busk, Jill Foss Watson, John S Soave, Kenneth Booth and Steven M Jones. View Institutional Ownership Trends for Credit Acceptance.
Which major investors are selling Credit Acceptance stock?
CACC stock was sold by a variety of institutional investors in the last quarter, including Account Management LLC. Company insiders that have sold Credit Acceptance company stock in the last year include Douglas W Busk, Jill Foss Watson, John S Soave and Kenneth Booth. View Insider Buying and Selling for Credit Acceptance.
Which major investors are buying Credit Acceptance stock?
How do I buy shares of Credit Acceptance?
Shares of CACC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Credit Acceptance's stock price today?
One share of CACC stock can currently be purchased for approximately $374.40.
How big of a company is Credit Acceptance?
Credit Acceptance has a market capitalization of $7.08 billion and generates $1.11 billion in revenue each year. The credit services provider earns $470.20 million in net income (profit) each year or $20.44 on an earnings per share basis. Credit Acceptance employs 1,817 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 credit services provider can be reached via phone at 248-353-2700 or via email at [email protected]
MarketBeat Community Rating for Credit Acceptance (NASDAQ CACC)
MarketBeat's community ratings are surveys of what our community members think about Credit Acceptance and other stocks. Vote "Outperform" if you believe CACC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CACC will underperform the S&P 500 over the long term. You may vote once every thirty days.
