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NASDAQ:CACC

Credit Acceptance (CACC) Stock Price, News & Analysis

$548.00
-4.00 (-0.72%)
(As of 03:32 PM ET)
Today's Range
$544.53
$554.90
50-Day Range
$516.26
$582.42
52-Week Range
$379.77
$616.66
Volume
60,474 shs
Average Volume
71,747 shs
Market Capitalization
$6.74 billion
P/E Ratio
24.89
Dividend Yield
N/A
Price Target
$381.75

Credit Acceptance MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
30.4% Downside
$381.75 Price Target
Short Interest
Healthy
9.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.78mentions of Credit Acceptance in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$552,080 Sold Last Quarter
Proj. Earnings Growth
13.01%
From $41.06 to $46.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.91 out of 5 stars

Finance Sector

564th out of 864 stocks

Personal Credit Institutions Industry

9th out of 14 stocks


CACC stock logo

About Credit Acceptance Stock (NASDAQ:CACC)

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services 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 serves independent and franchised automobile dealers. Credit Acceptance Corporation was incorporated in 1972 and is headquartered in Southfield, Michigan.

CACC Stock Price History

CACC Stock News Headlines

COF Mar 2024 125.000 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
CACC Dec 2024 200.000 put
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
CACC Mar 2024 420.000 put
CACC Mar 2024 610.000 call
Sell Rating on Credit Acceptance Amid Forecast Cuts and Rising Costs
Recap: Credit Acceptance Q4 Earnings
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Today
3/04/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Current Symbol
NASDAQ:CACC
CUSIP
22531010
Employees
2,232
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$381.75
High Stock Price Target
$440.00
Low Stock Price Target
$347.00
Potential Upside/Downside
-30.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$286.10 million
Pretax Margin
19.33%

Debt

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$44.73 per share
Book Value
$139.55 per share

Miscellaneous

Free Float
11,786,000
Market Cap
$6.79 billion
Optionable
Optionable
Beta
1.46

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CACC Stock Analysis - Frequently Asked Questions

Should I buy or sell Credit Acceptance stock right now?

3 Wall Street research 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 research analysts is that investors should "reduce" CACC shares.
View CACC analyst ratings
or view top-rated stocks.

What is Credit Acceptance's stock price target for 2024?

3 Wall Street research analysts have issued 1 year price objectives for Credit Acceptance's stock. Their CACC share price targets range from $347.00 to $440.00. On average, they expect the company's stock price to reach $381.75 in the next twelve months. This suggests that the stock has a possible downside of 30.4%.
View analysts price targets for CACC
or view top-rated stocks among Wall Street analysts.

How have CACC shares performed in 2024?

Credit Acceptance's stock was trading at $532.73 on January 1st, 2024. Since then, CACC stock has increased by 2.9% and is now trading at $548.31.
View the best growth stocks for 2024 here
.

Are investors shorting Credit Acceptance?

Credit Acceptance saw a decline in short interest in February. As of February 15th, there was short interest totaling 650,900 shares, a decline of 10.4% from the January 31st total of 726,200 shares. Based on an average daily volume of 66,700 shares, the short-interest ratio is presently 9.8 days. Approximately 9.4% of the company's stock are short sold.
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 Monday, May 6th 2024.
View our CACC earnings forecast
.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Co. (NASDAQ:CACC) posted its earnings results on Wednesday, January, 31st. The credit services provider reported $10.06 EPS for the quarter, topping the consensus estimate of $9.17 by $0.89. The credit services provider earned $491.60 million during the quarter, compared to analysts' expectations of $478.80 million. Credit Acceptance had a net margin of 15.04% and a trailing twelve-month return on equity of 30.94%.

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 Human Capital Factor Unconstrained 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).

Who are Credit Acceptance's major shareholders?

Credit Acceptance's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Cerity Partners LLC (7.06%), Vanguard Group Inc. (4.04%), Gobi Capital LLC (2.96%), Cantillon Capital Management LLC (2.00%), Dimensional Fund Advisors LP (1.53%) and Smead Capital Management Inc. (1.45%). Insiders that own company stock include A Foss Irrevocable Tru Donald, Andrew K Rostami, Arthur L Smith, Daniel A Ulatowski, Daniel A Ulatowski, Donald A Foss, Douglas W Busk, Jill Foss Watson, Jonathan Lum, Kenneth Booth, Prescott General Partners Llc, Thomas N Tryforos, Thomas W Smith and Wendy A Rummler.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CACC) was last updated on 3/4/2024 by MarketBeat.com Staff