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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
New CBOE “special perk” helps traders target income every weekend (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
New CBOE “special perk” helps traders target income every weekend (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
New CBOE “special perk” helps traders target income every weekend (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio

Credit Acceptance Stock Price, News & Analysis (NASDAQ:CACC)

$460.29
-13.61 (-2.87%)
(As of 12/4/2023 ET)
Compare
Today's Range
$457.01
$472.35
50-Day Range
$397.06
$476.82
52-Week Range
$358.00
$576.05
Volume
69,754 shs
Average Volume
79,364 shs
Market Capitalization
$5.79 billion
P/E Ratio
18.93
Dividend Yield
N/A
Price Target
$381.75

Credit Acceptance MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
17.1% Downside
$381.75 Price Target
Short Interest
Bearish
11.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
1.86mentions of Credit Acceptance in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$197,884 Sold Last Quarter
Proj. Earnings Growth
6.36%
From $40.28 to $42.84 Per Share

Overall MarketRank

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

1.42 out of 5 stars

Finance Sector

778th out of 822 stocks

Personal Credit Institutions Industry

10th out of 11 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 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 Stock Price History

CACC Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Credit Acceptance: There Are Better Opportunities
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Credit Acceptance Announces Third Quarter 2023 Results
Credit Acceptance Q3 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
10/30/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/30/2024

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 Target
$381.75
High Stock Price Target
$440.00
Low Stock Price Target
$347.00
Potential Upside/Downside
-17.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$535.80 million
Pretax Margin
22.16%

Debt

Sales & Book Value

Annual Sales
$1.83 billion
Cash Flow
$56.06 per share
Book Value
$125.65 per share

Miscellaneous

Free Float
12,039,000
Market Cap
$5.79 billion
Optionable
Optionable
Beta
1.39

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CACC Stock Analysis - 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 twelve months. 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 target for 2024?

3 Wall Street research analysts have issued 12 month price targets for Credit Acceptance's shares. 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 year. This suggests that the stock has a possible downside of 17.1%.
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 on January 1st, 2023. Since then, CACC shares have decreased by 3.0% and is now trading at $460.29.
View the best growth stocks for 2023 here
.

When is Credit Acceptance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
View our CACC earnings forecast
.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Co. (NASDAQ:CACC) issued its quarterly earnings results on Monday, October, 30th. The credit services provider reported $10.70 earnings per share for the quarter, missing the consensus estimate of $12.88 by $2.18. The credit services provider earned $478.60 million during the quarter, compared to the consensus estimate of $485.68 million. Credit Acceptance had a net margin of 17.11% and a trailing twelve-month return on equity of 33.12%.

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).

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 Ruane Cunniff & Goldfarb L.P. (6.09%), Wellington Management Group LLP (5.13%), Cantillon Capital Management LLC (2.05%), Smead Capital Management Inc. (1.46%), RV Capital AG (1.23%) and Hsbc Holdings PLC (0.84%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CACC) was last updated on 12/5/2023 by MarketBeat.com Staff

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