NASDAQ:CACC - Credit Acceptance Stock Price, Forecast & News

Credit Acceptance trades on the NASDAQ under the ticker symbol "CACC."

Credit Acceptance Corp. (NASDAQ:CACC) announced its earnings results on Friday, November, 1st. The credit services provider reported $8.89 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $8.86 by $0.03. The credit services provider earned $378.70 million during the quarter, compared to analyst estimates of $380.69 million. Credit Acceptance had a net margin of 44.69% and a return on equity of 29.54%. Credit Acceptance's revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.56 EPS. View Credit Acceptance's Earnings History.

Credit Acceptance is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Credit Acceptance.

6 analysts have issued 1 year price objectives for Credit Acceptance's shares. Their forecasts range from $340.00 to $495.00. On average, they expect Credit Acceptance's stock price to reach $427.40 in the next year. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets 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 and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Credit Acceptance.

News coverage about CACC stock has trended neutral on Sunday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Credit Acceptance earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned headlines about the credit services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Credit Acceptance.

Credit Acceptance saw a increase in short interest in the month of November. As of November 29th, there was short interest totalling 899,300 shares, an increase of 10.1% from the November 14th total of 816,900 shares. Based on an average daily volume of 96,900 shares, the days-to-cover ratio is currently 9.3 days. Approximately 7.3% of the shares of the stock are short sold. View Credit Acceptance's Current Options Chain.

Some companies that are related to Credit Acceptance include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), SLM (SLM), FirstCash (FCFS), Nelnet (NNI), Pra Group (PRAA), Green Dot (GDOT), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Nicholas Financial (NICK) and Asta Funding (ASFI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Credit Acceptance investors own include Netflix (NFLX), Bank of America (BAC), salesforce.com (CRM), Mastercard (MA), NVIDIA (NVDA), State National Companies (SNC), Home Depot (HD), Mercadolibre (MELI), Tesla (TSLA) and Chipotle Mexican Grill (CMG).

Credit Acceptance's stock is owned by a number of of institutional and retail investors. Top institutional investors include Cantillon Capital Management LLC (1.58%), Beck Mack & Oliver LLC (1.55%), State Street Corp (0.74%), Ingalls & Snyder LLC (0.34%), First Trust Advisors LP (0.19%) and California Public Employees Retirement System (0.14%). Company insiders that own Credit Acceptance stock include Arthur L Smith, Brett A Roberts, 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 Institutional Ownership Trends for Credit Acceptance.

CACC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Account Management LLC, Beck Mack & Oliver LLC, Squarepoint Ops LLC, State Street Corp, Cantillon Capital Management LLC, Cadence Capital Management LLC and Chicago Equity Partners LLC. Company insiders that have sold Credit Acceptance company stock in the last year include Brett A Roberts and Kenneth Booth. View Insider Buying and Selling for Credit Acceptance.

CACC stock was acquired by a variety of institutional investors in the last quarter, including Winmill & CO. Inc., First Trust Advisors LP, California Public Employees Retirement System, SG Americas Securities LLC, Barclays PLC, Janney Montgomery Scott LLC, Alps Advisors Inc. and JLB & Associates Inc.. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of CACC stock can currently be purchased for approximately $441.14.

Credit Acceptance has a market capitalization of $8.29 billion and generates $1.29 billion in revenue each year. The credit services provider earns $574 million in net income (profit) each year or $28.39 on an earnings per share basis. Credit Acceptance employs 2,040 workers across the globe.View Additional Information About Credit Acceptance.

The official website for Credit Acceptance is http://www.creditacceptance.com/.

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]