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 .

Positive News SentimentPositive News

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: 1.86
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

0.8

Analyst's Opinion

Consensus Rating
Credit Acceptance has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $381.75, Credit Acceptance has a forecasted downside of 17.1% from its current price of $460.29.
Amount of Analyst Coverage
Credit Acceptance has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
11.17% of the float of Credit Acceptance has been sold short.
Short Interest Ratio / Days to Cover
Credit Acceptance has a short interest ratio ("days to cover") of 15.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Credit Acceptance has recently decreased by 1.46%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Credit Acceptance does not currently pay a dividend.
Dividend Growth
Credit Acceptance does not have a long track record of dividend growth.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Credit Acceptance has received a -11.96% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "Societal stability & understanding among people", and "Equality & human rights". The negative contribution in the "Societal stability & understanding among people" impact category is driven by its "Subprime car loans" and "Credit reporting services" products. See details.
Environmental Sustainability
The Environmental Impact score for Credit Acceptance is -0.24.

2.7

News and Social Media Coverage

News Sentiment
Credit Acceptance has a news sentiment score of 1.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Credit Acceptance this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 1 people have added Credit Acceptance to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Credit Acceptance insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $197,884.00 in company stock.
Percentage Held by Insiders
Only 4.20% of the stock of Credit Acceptance is held by insiders.
Percentage Held by Institutions
66.15% of the stock of Credit Acceptance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Credit Acceptance are expected to grow by 6.36% in the coming year, from $40.28 to $42.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Credit Acceptance is 18.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of Credit Acceptance is 18.93, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.76.
Price to Book Value per Share Ratio
Credit Acceptance has a P/B Ratio of 3.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

CACC Stock News Headlines

November 29, 2023 | finance.yahoo.com

Credit Acceptance (CACC) Up 9.4% Since Last Earnings Report: Can It Continue?

November 28, 2023 | finance.yahoo.com

Credit Acceptance Named a 2024 Best Place to Work in IT by Computerworld

December 5, 2023 | DTI Trader (Ad)

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November 20, 2023 | finance.yahoo.com

Credit Acceptance Named a 2023 Top Workplace in Michigan by the Detroit Free Press

November 17, 2023 | finance.yahoo.com

Insider Sell Alert: Chief Analytics Officer Arthur Smith Sells Shares of Credit Acceptance Corp ...

November 16, 2023 | seekingalpha.com

Credit Acceptance: There Are Better Opportunities

November 15, 2023 | seekingalpha.com

Credit Acceptance Is Cheaply Valued But Patience May Be Required

November 15, 2023 | finance.yahoo.com

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November 2, 2023 | msn.com

TD Cowen Initiates Coverage of Credit Acceptance (CACC) with Underperform Recommendation

November 1, 2023 | msn.com

BMO Capital Maintains Credit Acceptance (CACC) Market Perform Recommendation

November 1, 2023 | msn.com

Stephens & Co. Reiterates Credit Acceptance (CACC) Equal-Weight Recommendation

October 31, 2023 | finance.yahoo.com

Credit Acceptance Announces Third Quarter 2023 Results

October 31, 2023 | finance.yahoo.com

Credit Acceptance (CACC) Q3 Earnings Miss, Provisions Rise

October 31, 2023 | finance.yahoo.com

Credit Acceptance Corporation (NASDAQ:CACC) Q3 2023 Earnings Call Transcript

October 31, 2023 | investing.com

Earnings call: Credit Acceptance Corporation reports Q3 2023 results with decreased forecasted collection rates and adjusted net income

October 31, 2023 | finance.yahoo.com

Compared to Estimates, Credit Acceptance (CACC) Q3 Earnings: A Look at Key Metrics

October 30, 2023 | finance.yahoo.com

Credit Acceptance Corp (CACC) Q3 2023 Earnings: A Detailed Review

October 30, 2023 | finance.yahoo.com

Credit Acceptance (CACC) Lags Q3 Earnings and Revenue Estimates

October 30, 2023 | msn.com

Credit Acceptance Q3 Earnings Preview: Key Items Analysts Will Be Watching

October 29, 2023 | msn.com

Credit Acceptance Q3 2023 Earnings Preview

October 24, 2023 | finance.yahoo.com

Credit Acceptance Again Named One of the Best Workplaces for Women™ by Fortune

October 23, 2023 | finance.yahoo.com

Credit Acceptance Announces Timing of Third Quarter 2023 Earnings Release and Webcast

October 10, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in Credit Acceptance (CACC) Stock?

October 8, 2023 | finance.yahoo.com

Credit Acceptance's (NASDAQ:CACC) earnings growth rate lags the 6.8% CAGR delivered to shareholders

September 12, 2023 | finance.yahoo.com

Credit Acceptance Named One of the Fortune 2023 Best Workplaces in Financial Services & Insurance™

September 11, 2023 | finance.yahoo.com

Credit Acceptance Corporation (NASDAQ:CACC) is favoured by institutional owners who hold 48% of the company

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Personal credit institutions
Sub-Industry: Consumer Finance
Sector: Finance
Current Symbol: NASDAQ:CACC
CUSIP: 22531010
CIK: 885550
Web: www.creditacceptance.com
Phone: (248) 353-2700
Fax: 248-353-9776
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

EPS (Most Recent Fiscal Year): $24.31
Trailing P/E Ratio: 18.93
Forward P/E Ratio: 11.43
P/E Growth: N/A
Net Income: $535.80 million
Net Margins: 17.11%
Pretax Margin: 22.16%
Return on Equity: 33.12%
Return on Assets: 7.85%

Debt

Debt-to-Equity Ratio: 2.84
Current Ratio: 18.50
Quick Ratio: 18.50

Sales & Book Value

Annual Sales: $1.83 billion
Price / Sales: 3.16
Cash Flow: $56.06 per share
Price / Cash Flow: 8.21
Book Value: $125.65 per share
Price / Book: 3.66

Miscellaneous

Outstanding Shares: 12,570,000
Free Float: 12,039,000
Market Cap: $5.79 billion
Optionable: Optionable
Beta: 1.39

Social Links

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Key Executives

Mr. Kenneth S. Booth (Age 56)
CEO, President & Director
Comp: $1.02M
Mr. Ravi Mohan (Age 50)
Chief Technology Officer
Comp: $95.51k
Mr. Andrew Rostami (Age 43)
Chief Marketing & Product Officer
Comp: $420.69k
Ms. Wendy A. Rummler (Age 46)
Chief People Officer
Comp: $427.31k
Mr. Arthur L. Smith (Age 50)
Chief Analytics Officer
Comp: $717.75k
Mr. Jonathan L. Lum (Age 46)
Chief Operating Officer
Mr. Jay D. Martin (Age 49)
Senior VP of Accounting & Financial Reporting and Principal Accounting Officer
Mr. Noah Kotch (Age 53)
Chief Information Officer
Ms. Erin J. Kerber (Age 43)
Chief Legal Officer, Chief Compliance Officer & Secretary
Mr. Daniel A. Ulatowski (Age 51)
Chief Sales Officer
Comp: $710.71k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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

Credit Acceptance MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Credit Acceptance Stock (NASDAQ:CACC)

CACC Stock Price History

CACC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CACC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™