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
Current SymbolNASDAQ:CACC
Previous Symbol
CUSIP22531010
Phone248-353-2700
Debt
Debt-to-Equity Ratio1.97
Current Ratio36.75
Quick Ratio36.75
Price-To-Earnings
Trailing P/E Ratio19.28
Forward P/E Ratio14.29
P/E Growth0.89
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales6.85
Cash Flow$20.1226 per share
Price / Cash19.58
Book Value$79.53 per share
Price / Book4.95
Profitability
EPS (Most Recent Fiscal Year)$20.44
Net Income$470.20 million
Net Margins48.70%
Return on Equity28.83%
Return on Assets8.87%
Miscellaneous
Employees1,817
Outstanding Shares19,310,000
Market Cap$8.15 billion
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 declared that its Board of Directors has initiated a share repurchase program on Thursday, April 6th 2017, which permits the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.
How were Credit Acceptance's earnings last quarter?
Credit Acceptance Corp. (NASDAQ:CACC) released its quarterly earnings results on Monday, October, 29th. The credit services provider reported $7.75 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $6.90 by $0.85. The credit services provider earned $332 million during the quarter, compared to analysts' expectations of $327.45 million. Credit Acceptance had a net margin of 48.70% and a return on equity of 28.83%. Credit Acceptance's revenue for the quarter 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?
7 Wall Street analysts have issued 1-year price targets for Credit Acceptance's shares. Their predictions range from $257.00 to $420.00. On average, they anticipate Credit Acceptance's share price to reach $344.3333 in the next year. This suggests that the stock has a possible downside of 12.6%. View Analyst Price Targets for Credit Acceptance.
What is the consensus analysts' recommendation for Credit Acceptance?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 3 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?
News headlines about CACC stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Credit Acceptance earned a news sentiment score of 1.9 on InfoTrie's scale. They also assigned news headlines about the credit services provider a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the stock's share price in the immediate future.
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), World Acceptance (WRLD), PROVIDENT FINL/S (FPLPY), Enova International (ENVA), Oaktree Specialty Lending (OCSL), Regional Management (RM), Atlanticus (ATLC), Mr. Amazing Loans (MRAL), IEG (IEGH) 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 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)
Who are Credit Acceptance's major shareholders?
Credit Acceptance's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Abrams Bison Investments LLC (4.14%), BlackRock Inc. (2.56%), Cantillon Capital Management LLC (1.57%), Hound Partners LLC (1.48%), Beck Mack & Oliver LLC (1.48%) and TIAA CREF Investment Management LLC (1.35%). 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 selling Credit Acceptance stock?
CACC stock was sold by a variety of institutional investors in the last quarter, including Hound Partners LLC, Abrams Bison Investments LLC, PNC Financial Services Group Inc., Cantillon Capital Management LLC, Billings Capital Management LLC, Wasatch Advisors Inc., BlackRock Inc. and TIAA CREF Investment Management LLC. Company insiders that have sold Credit Acceptance company stock in the last year include Arthur L Smith, Charles A Pearce, Douglas W Busk, Jill Foss Watson, John S Soave, Kenneth Booth, Prescott General Partners Llc, Scott J Vassalluzzo and Thomas N Tryforos. View Insider Buying and Selling for Credit Acceptance.
Which major investors are buying Credit Acceptance stock?
CACC stock was purchased by a variety of institutional investors in the last quarter, including AXA, The Manufacturers Life Insurance Company , AQR Capital Management LLC, Rational Advisors LLC, Alliancebernstein L.P., Hsbc Holdings PLC, Nisa Investment Advisors LLC and Dimensional Fund Advisors LP. View Insider Buying and Selling for Credit Acceptance.
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 $394.00.
How big of a company is Credit Acceptance?
Credit Acceptance has a market capitalization of $8.15 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.
