NASDAQ:CACCCredit Acceptance Stock Price, Forecast & News

Credit Acceptance's stock was trading at $409.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CACC stock has increased by 21.0% and is now trading at $496.00.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 3 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
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Credit Acceptance is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
View our earnings forecast for Credit Acceptance.

Credit Acceptance Corp. (NASDAQ:CACC) posted its quarterly earnings results on Thursday, July, 30th. The credit services provider reported $5.40 EPS for the quarter, missing the consensus estimate of $8.36 by $2.96. The credit services provider earned $406.30 million during the quarter, compared to the consensus estimate of $372.72 million. Credit Acceptance had a return on equity of 30.64% and a net margin of 21.79%.
View Credit Acceptance's earnings history.

6 equities research analysts have issued twelve-month target prices for Credit Acceptance's shares. Their forecasts range from $150.00 to $394.00. On average, they expect Credit Acceptance's share price to reach $256.20 in the next twelve months. This suggests that the stock has a possible downside of 48.3%.
View analysts' price targets for Credit Acceptance.

Media stories about CACC stock have trended neutral recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Credit Acceptance earned a news impact score of 0.2 on InfoTrie's scale. They also assigned news articles about the credit services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
View the latest news about Credit Acceptance.

Credit Acceptance saw a drop in short interest in June. As of June 30th, there was short interest totaling 2,500,000 shares, a drop of 12.0% from the June 15th total of 2,840,000 shares. Based on an average trading volume of 306,500 shares, the days-to-cover ratio is currently 8.2 days. Currently, 18.9% of the company's shares 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), Green Dot (GDOT), SLM (SLM), Nelnet (NNI), FirstCash (FCFS), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Nicholas Financial (NICK) and Asta Funding (ASFI).
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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.com (CRM), Home Depot (HD), AT&T (T), Tesla (TSLA), Alibaba Group (BABA), IBM (IBM) and Exxon Mobil (XOM).

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

Credit Acceptance's stock is owned by many different retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (6.98%), Cantillon Capital Management LLC (1.66%), Investmentaktiengesellschaft Fuer Langfristige Investoren TGV (0.91%), Ingalls & Snyder LLC (0.28%), First Trust Advisors LP (0.13%) and Swiss National Bank (0.13%). Company insiders that own Credit Acceptance stock include Arthur L Smith, Brett A Roberts, Charles A Pearce, Donald A Foss, Douglas W Busk, Glenda J Flanagan, Kenneth Booth, Prescott General Partners Llc and Scott J Vassalluzzo.
View institutional ownership trends for Credit Acceptance.

CACC stock was sold by a variety of institutional investors in the last quarter, including Ingalls & Snyder LLC, WINTON GROUP Ltd, Great Valley Advisor Group Inc., UBS Group AG, M&T Bank Corp, and Arizona State Retirement System. Company insiders that have sold Credit Acceptance company stock in the last year include Brett A Roberts, Charles A Pearce, Donald A Foss, Douglas W Busk, Glenda J Flanagan, and Prescott General Partners Llc.
View insider buying and selling activity for Credit Acceptance.

CACC stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, Raymond James & Associates, First Trust Advisors LP, Cantillon Capital Management LLC, Swiss National Bank, Envestnet Asset Management Inc., and Leap Investments LP.
View insider buying and selling activity 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 $496.00.

Credit Acceptance has a market capitalization of $8.75 billion and generates $1.49 billion in revenue each year. The credit services provider earns $656.10 million in net income (profit) each year or $34.70 on an earnings per share basis. Credit Acceptance employs 2,016 workers across the globe.

The official website for Credit Acceptance is 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]