NASDAQ:CACC

Credit Acceptance (CACC) Stock Forecast, Price & News

$460.12

-6.62 (-1.42%)

(As of 09/29/2023 ET)

Compare

Today's Range: $458.69
▼
$473.00
50-Day Range: $460.12
▼
$556.60
52-Week Range: $358.00
▼
$576.05

Volume: 38,278 shs
Average Volume: 50,923 shs
Market Capitalization: $5.90 billion

P/E Ratio: 18.14
Dividend Yield: N/A
Price Target: $400.00

Credit Acceptance MarketRank™ Forecast

Analyst Rating: Reduce
1.67 Rating Score
Upside/Downside: 13.1% Downside
$400.00 Price Target
Short Interest: Bearish
10.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.24
Upright™ Environmental Score
News Sentiment: 0.40
Based on 4 Articles This Week
Insider Trading: Selling Shares
$46.56 M Sold Last Quarter
Proj. Earnings Growth: 24.87%
From $47.53 to $59.35 Per Share

Overall MarketRank^™

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

1.49 out of 5 stars

Finance Sector

836th out of 880 stocks

Personal Credit Institutions Industry

12th out of 13 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 $400.00, Credit Acceptance has a forecasted downside of 13.1% from its current price of $460.12.
Amount of Analyst Coverage
Credit Acceptance has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
10.53% 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 12.7, which indicates bearish sentiment.
Change versus previous month
Short interest in Credit Acceptance has recently increased by 8.68%, indicating that investor sentiment is decreasing significantly.

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.

1.9

News and Social Media Coverage

News Sentiment
Credit Acceptance has a news sentiment score of 0.40. 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 lower news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Credit Acceptance this week, compared to 3 articles on an average week.

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 $46,560,725.00 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Credit Acceptance are expected to grow by 24.87% in the coming year, from $47.53 to $59.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Credit Acceptance is 18.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Credit Acceptance is 18.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 70.28.
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 (NASDAQ:CACC) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

CACC Stock News Headlines

September 23, 2023 | americanbankingnews.com

Credit Acceptance Co. (NASDAQ:CACC) Forecasted to Post FY2023 Earnings of $55.69 Per Share

September 22, 2023 | americanbankingnews.com

Q1 2024 Earnings Forecast for Credit Acceptance Co. (NASDAQ:CACC) Issued By Zacks Research

September 30, 2023 | Legacy Research (Ad)

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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

August 31, 2023 | finance.yahoo.com

Credit Acceptance (CACC) Up 3.8% Since Last Earnings Report: Can It Continue?

August 23, 2023 | finance.yahoo.com

Credit Acceptance Again Listed on PEOPLE Magazine 100 Companies that Care®

August 18, 2023 | finance.yahoo.com

Rise in Active Dealers Aids Credit Acceptance (CACC), Costs Ail

September 30, 2023 | Stansberry Research (Ad)

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August 8, 2023 | finance.yahoo.com

Judge puts US, New York predatory lending lawsuit against Credit Acceptance on hold

August 3, 2023 | finance.yahoo.com

Credit Acceptance (CACC) Dips on Q2 Earnings Miss, Provisions Up

August 2, 2023 | insidermonkey.com

Credit Acceptance Corporation (NASDAQ:CACC) Q2 2023 Earnings Call Transcript

August 2, 2023 | finance.yahoo.com

Credit Acceptance (CACC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

August 1, 2023 | finance.yahoo.com

Credit Acceptance Announces Second Quarter 2023 Results

July 26, 2023 | finance.yahoo.com

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

July 19, 2023 | finance.yahoo.com

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

July 18, 2023 | finance.yahoo.com

CACC - Credit Acceptance Corporation

July 14, 2023 | seekingalpha.com

Credit Acceptance: Concerns On Provisions And Loan Book Quality

June 23, 2023 | seekingalpha.com

Credit Acceptance extends maturity of revolving secured line of credit facility

June 20, 2023 | finance.yahoo.com

A Blessing in Disguise

June 17, 2023 | seekingalpha.com

CACC Credit Acceptance Corporation

May 25, 2023 | msn.com

Credit Acceptance completes another $400M in asset-backed financing

May 4, 2023 | seekingalpha.com

Credit Acceptance Corporation (CACC) Q1 2023 Earnings Call Transcript

May 4, 2023 | finance.yahoo.com

Credit Acceptance Corporation (NASDAQ:CACC) Q1 2023 Earnings Call Transcript

May 2, 2023 | nasdaq.com

Noteworthy Tuesday Option Activity: CACC, CHGG, MSFT

May 2, 2023 | msn.com

Credit Suisse Maintains Credit Acceptance (CACC) Underperform Recommendation

May 2, 2023 | msn.com

Credit Acceptance falls as high provisions hit Q1 earnings

See More Headlines

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CACC Company Calendar

Last Earnings: 8/01/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $400.00
High Stock Price Forecast: $440.00
Low Stock Price Forecast: $380.00
Forecasted Upside/Downside: -13.1%
Consensus Rating: Reduce
Rating Score (0-4): 1.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $25.37
Trailing P/E Ratio: 18.14
Forward P/E Ratio: 9.68
P/E Growth: N/A
Net Income: $535.80 million
Net Margins: 18.14%
Pretax Margin: 23.76%
Return on Equity: 36.01%
Return on Assets: 8.55%

Debt

Debt-to-Equity Ratio: 2.62
Current Ratio: 16.47
Quick Ratio: 16.47

Sales & Book Value

Annual Sales: $1.83 billion
Price / Sales: 3.22
Cash Flow: $56.88 per share
Price / Cash Flow: 8.09
Book Value: $125.65 per share
Price / Book: 3.66

Miscellaneous

Outstanding Shares: 12,820,000
Free Float: 12,283,000
Market Cap: $5.90 billion
Optionable: Optionable
Beta: 1.33

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Key Executives

Mr. Kenneth S. Booth (Age 56)
CEO, Pres & 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)
Sr. 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 & Sec.

Mr. Daniel A. Ulatowski (Age 51)
Chief Sales Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CACC Stock - 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 twelve months. 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 forecast for 2023?: 3 Wall Street analysts have issued 1-year price objectives for Credit Acceptance's shares. Their CACC share price forecasts range from $380.00 to $440.00. On average, they anticipate the company's stock price to reach $400.00 in the next twelve months. This suggests that the stock has a possible downside of 13.1%.
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 at the beginning of 2023. Since then, CACC stock has decreased by 3.0% and is now trading at $460.12.
View the best growth stocks for 2023 here.
Are investors shorting Credit Acceptance?: Credit Acceptance saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 843,500 shares, an increase of 8.7% from the August 31st total of 776,100 shares. Based on an average daily trading volume, of 66,300 shares, the short-interest ratio is currently 12.7 days. Approximately 10.5% of the shares of the company are sold short.
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 Tuesday, November 7th 2023.
View our CACC earnings forecast.
How were Credit Acceptance's earnings last quarter?: Credit Acceptance Co. (NASDAQ:CACC) announced its quarterly earnings results on Tuesday, August, 1st. The credit services provider reported $10.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.81 by $0.12. The credit services provider had revenue of $477.90 million for the quarter, compared to the consensus estimate of $463.83 million. Credit Acceptance had a net margin of 18.14% and a trailing twelve-month return on equity of 36.01%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $13.92 EPS.
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).
What is Credit Acceptance's stock symbol?: Credit Acceptance trades on the NASDAQ under the ticker symbol "CACC."
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.
What is Credit Acceptance's stock price today?: One share of CACC stock can currently be purchased for approximately $460.12.
How much money does Credit Acceptance make?: Credit Acceptance (NASDAQ:CACC) has a market capitalization of $5.90 billion and generates $1.83 billion in revenue each year. The credit services provider earns $535.80 million in net income (profit) each year or $25.37 on an earnings per share basis.
How many employees does Credit Acceptance have?: The company employs 2,246 workers across the globe.
How can I contact Credit Acceptance?: Credit Acceptance's mailing address is 25505 W. Twelve Mile Road, Southfield MI, 48034. The official website for the company is www.creditacceptance.com. The credit services provider can be reached via phone at (248) 353-2700, via email at ir@creditacceptance.com, or via fax at 248-353-9776.

This page (NASDAQ:CACC) was last updated on 9/30/2023 by MarketBeat.com Staff

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