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
Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
Phone248-353-2700
Debt
Current Ratio36.75
Quick Ratio36.75
Price-To-Earnings
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales7.24
Price / Cash Flow19.53
Price / Book5.23
Profitability
Net Income$470.20 million
Net Margins48.70%
Return on Assets8.87%
Miscellaneous
Employees1,817
OptionableOptionable
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 announced that its board has approved a stock repurchase plan on Thursday, April 6th 2017, which allows the company to repurchase 1,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.
How were Credit Acceptance's earnings last quarter?
Credit Acceptance Corp. (NASDAQ:CACC) released its quarterly earnings data on Monday, October, 29th. The credit services provider reported $7.75 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $6.90 by $0.85. The credit services provider earned $332 million during the quarter, compared to the consensus estimate of $327.45 million. Credit Acceptance had a return on equity of 28.83% and a net margin of 48.70%. The business's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.43 earnings per share. View Credit Acceptance's Earnings History.
When is Credit Acceptance's next earnings date?
What price target have analysts set for CACC?
6 equities research analysts have issued twelve-month target prices for Credit Acceptance's stock. Their forecasts range from $333.00 to $420.00. On average, they anticipate Credit Acceptance's stock price to reach $365.00 in the next twelve months. This suggests that the stock has a possible downside of 12.3%. View Analyst Price Targets for Credit Acceptance.
What is the consensus analysts' recommendation for Credit Acceptance?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Credit Acceptance.
Has Credit Acceptance been receiving favorable news coverage?
Media coverage about CACC stock has trended positive on Thursday, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Credit Acceptance earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave news headlines about the credit services provider a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the next several days.
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), PROVIDENT FINL/S (FPLPY), World Acceptance (WRLD), Enova International (ENVA), Oaktree Specialty Lending (OCSL), Regional Management (RM), Atlanticus (ATLC), Mr. Amazing Loans (MRAL) and IEG (IEGH).
Who are Credit Acceptance's key executives?
Credit Acceptance's management team includes the folowing people:
- Mr. Brett A. Roberts, CEO & Director (Age 53)
- Mr. Kenneth S. Booth, Chief Financial Officer (Age 52)
- Mr. Charles A. Pearce, Chief Legal Officer & Corp. Sec. (Age 55)
- Mr. Arthur L. Smith, Chief Analytics Officer (Age 46)
- Mr. John S. Soave, Chief Information Officer (Age 54)
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 JLB & Associates Inc. (0.02%), First Hawaiian Bank (0.00%) and Virtu Financial LLC (0.00%). 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, Prescott General Partners Llc, Scott J Vassalluzzo, Steven M Jones and Thomas N Tryforos. View Institutional Ownership Trends 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 $416.31.
How big of a company is Credit Acceptance?
Credit Acceptance has a market capitalization of $8.13 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.
What is Credit Acceptance's official website?
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.
