Credit Acceptance (CACC) Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

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).

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.

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

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.

The company employs 2,246 workers across the globe.

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.