About Credit Acceptance Corporation (NASDAQ:CACC)
Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company's financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers (Purchased Loan) and keeps the amounts collected from the consumer. Dealer Loans and Purchased Loans are collectively referred to as Loans. As of December 31, 2016, the Company's target market included approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers and support active dealers.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Consumer Leasing
- Sub-Industry: Consumer Finance
- Symbol: NASDAQ:CACC
- CUSIP: 22531010
- Web: www.creditacceptance.com
- Market Cap: $5.53 billion
- Outstanding Shares: 19,458,000
- 50 Day Moving Avg: $275.18
- 200 Day Moving Avg: $245.64
- 52 Week Range: $160.63 - $288.23
Sales & Book Value:
- Trailing P/E Ratio: 15.52
- Foreward P/E Ratio: 13.21
- P/E Growth: 1.18
- Annual Revenue: $840.3 million
- Price / Sales: 6.58
- Book Value: $64.15 per share
- Price / Book: 4.43
- Net Margins: 35.13%
- Return on Equity: 32.24%
- Return on Assets: 8.71%
- Debt-to-Equity Ratio: 2.41%
- Current Ratio: 33.28%
- Quick Ratio: 33.28%
- Average Volume: 201,977 shs.
- Beta: 0.55
- Short Ratio: 22.18
Frequently Asked Questions for Credit Acceptance Corporation (NASDAQ:CACC)
What is Credit Acceptance Corporation's stock symbol?
Credit Acceptance Corporation trades on the NASDAQ under the ticker symbol "CACC."
How will Credit Acceptance Corporation's stock buyback program work?
Credit Acceptance Corporation announced that its board has initiated a share repurchase plan on Thursday, April 6th 2017, which permits the company to buyback 1,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
How were Credit Acceptance Corporation's earnings last quarter?
Credit Acceptance Corporation (NASDAQ:CACC) announced its quarterly earnings data on Monday, July, 31st. The company reported $5.22 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $4.89 by $0.33. The company had revenue of $253.20 million for the quarter, compared to the consensus estimate of $268.18 million. Credit Acceptance Corporation had a return on equity of 32.24% and a net margin of 35.13%. The business's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $4.38 earnings per share. View Credit Acceptance Corporation's Earnings History.
When will Credit Acceptance Corporation make its next earnings announcement?
Where is Credit Acceptance Corporation's stock going? Where will Credit Acceptance Corporation's stock price be in 2017?
8 equities research analysts have issued 1 year price objectives for Credit Acceptance Corporation's shares. Their forecasts range from $170.00 to $260.00. On average, they expect Credit Acceptance Corporation's stock price to reach $212.71 in the next year. View Analyst Ratings for Credit Acceptance Corporation.
Who are some of Credit Acceptance Corporation's key competitors?
Some companies that are related to Credit Acceptance Corporation include Affiliated Managers Group (AMG), XL Group (XL), Regency Centers Corporation (REG), Iron Mountain Incorporated (IRM), Athene Holding (ATH), BanColombia S.A. (CIB), Woori Bank (WF), Extra Space Storage (EXR), United Dominion Realty Trust (UDR), Duke Realty Corporation (DRE), Ageas SA (AGESY), iShares Nasdaq Biotechnology Index Fund (IBB), SEI Investments Company (SEIC), SVB Financial Group (SIVB), Daiwa Securities Group (DSEEY), Fidelity National Financial (FNF), Everest Re Group (RE) and Torchmark Corporation (TMK).
Who are Credit Acceptance Corporation's key executives?
Credit Acceptance Corporation's management team includes the folowing people:
- Steven M. Jones, President
- Brett A. Roberts, Chief Executive Officer, Director
- Kenneth S. Booth, Chief Financial Officer
- Douglas W. Busk, Senior Vice President, Treasurer
- John S. Soave, Chief Information Officer
- Arthur L. Smith, Chief Analytics Officer
- Daniel A. Ulatowski, Chief Sales Officer
- Charles A. Pearce, Corporate Secretary, Chief Legal Officer
- Glenda J. Flanagan, Independent Director
- Thomas N. Tryforos, Independent Director
Who owns Credit Acceptance Corporation stock?
Credit Acceptance Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include
WATSON JILL FOSS
(14.00%), Ingalls & Snyder LLC (0.46%) and Shell Asset Management Co. (0.14%). Company insiders that own Credit Acceptance Corporation stock include Allan Victor Apple, Arthur L Smith, Charles A Pearce, Donald A Foss, Douglas W Busk, Jill Foss Watson, Kenneth Booth, Steven M Jones and Thomas W Smith. View Institutional Ownership Trends for Credit Acceptance Corporation.
Who sold Credit Acceptance Corporation stock? Who is selling Credit Acceptance Corporation stock?
Credit Acceptance Corporation's stock was sold by a variety of institutional investors in the last quarter, including Ingalls & Snyder LLC. Company insiders that have sold Credit Acceptance Corporation stock in the last year include Arthur L Smith, Charles A Pearce, Donald A Foss, Douglas W Busk, Jill Foss Watson, Kenneth Booth and Steven M Jones. View Insider Buying and Selling for Credit Acceptance Corporation.
Who bought Credit Acceptance Corporation stock? Who is buying Credit Acceptance Corporation stock?
Credit Acceptance Corporation's stock was bought by a variety of institutional investors in the last quarter, including Shell Asset Management Co.. Company insiders that have bought Credit Acceptance Corporation stock in the last two years include Allan Victor Apple, Kenneth Booth and Thomas W Smith. View Insider Buying and Selling for Credit Acceptance Corporation.
How do I buy Credit Acceptance Corporation stock?
Shares of Credit Acceptance Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Credit Acceptance Corporation's stock price today?
MarketBeat Community Rating for Credit Acceptance Corporation (NASDAQ CACC)MarketBeat's community ratings are surveys of what our community members think about Credit Acceptance Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Credit Acceptance Corporation stock can currently be purchased for approximately $284.00.
Consensus Ratings for Credit Acceptance Corporation (NASDAQ:CACC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 5 Hold Ratings|
|Consensus Rating:||Hold (Score: 1.63)|
|Consensus Price Target: ||$212.71 (25.10% downside)|Consensus Price Target History for Credit Acceptance Corporation (NASDAQ:CACC)
Analysts' Ratings History for Credit Acceptance Corporation (NASDAQ:CACC)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/10/2017||Jefferies Group LLC||Reiterated Rating||Hold||$240.00 -> $260.00||N/A|
|10/6/2017||BMO Capital Markets||Reiterated Rating||Hold||$238.00||N/A|
|8/1/2017||JMP Securities||Reiterated Rating||Underperform||$180.00 -> $195.00||Low|
|8/1/2017||Raymond James Financial, Inc.||Upgrade||Underperform -> Market Perform||Medium|
|8/1/2017||Credit Suisse Group||Reiterated Rating||Underperform||$190.00 -> $200.00||High|
|5/2/2017||Janney Montgomery Scott||Upgrade||Sell -> Neutral||$187.00 -> $200.00||High|
|2/8/2017||Stephens||Set Price Target||Sell||$170.00||N/A|
|1/23/2017||Susquehanna Bancshares Inc||Initiated Coverage||Neutral||$226.00||N/A|
|9/6/2016||Compass Point||Downgrade||Neutral -> Sell||$170.00||N/A|
|5/11/2016||Macquarie||Downgrade||Neutral -> Underperform||$190.00 -> $150.00||N/A|
Earnings History for Credit Acceptance Corporation (NASDAQ:CACC)Earnings History by Quarter for Credit Acceptance Corporation (NASDAQ CACC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017||Q2 2017||$4.89||$5.22||$268.18 million||$253.20 million||View||N/A|
|5/1/2017||Q1 2017||$4.38||$4.67||$259.24 million||$262.80 million||View||Listen|
|1/31/2017||Q416||$4.26||$4.79||$250.54 million||$236.20 million||View||N/A|
|11/1/2016||Q316||$4.27||$4.53||$244.65 million||$246.00 million||View||N/A|
|7/29/2016||Q216||$3.86||$4.38||$232.37 million||$238.50 million||View||Listen|
|5/2/2016||Q116||$3.81||$4.02||$226.02 million||$227.90 million||View||Listen|
|2/1/2016||Q415||$3.75||$3.84||$216.49 million||$217.80 million||View||N/A|
|10/29/2015||Q315||$3.69||$3.77||$207.25 million||$210.20 million||View||Listen|
|7/29/2015||Q2||$3.59||$3.60||$195.50 million||$203.10 million||View||Listen|
|4/29/2015||Q115||$3.33||$3.44||$190.10 million||$194.20 million||View||N/A|
|1/29/2015||Q4 2014||$3.26||$3.28||$182.20 million||$185.10 million||View||N/A|
|10/29/2014||Q313||$3.21||$3.26||$183.10 million||$181.70 million||View||N/A|
|7/30/2014||Q213||$2.90||$2.98||$181.37 million||$179.80 million||View||N/A|
|4/29/2014||Q1 2014||$2.79||$2.69||$176.90 million||View||N/A|
Earnings Estimates for Credit Acceptance Corporation (NASDAQ:CACC)
2017 EPS Consensus Estimate: $19.69
2018 EPS Consensus Estimate: $22.03
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Credit Acceptance Corporation (NASDAQ:CACC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Credit Acceptance Corporation (NASDAQ:CACC)
Insider Ownership Percentage: 5.80%Insider Trades by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)
Institutional Ownership Percentage: 72.71%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/4/2017||Jill Foss Watson||Major Shareholder||Sell||29,956||$270.81||$8,112,384.36|| |
|8/3/2017||Jill Foss Watson||Major Shareholder||Sell||47,303||$270.75||$12,807,287.25|| |
|8/2/2017||Douglas W. Busk||Insider||Sell||2,500||$267.72||$669,300.00|| |
|8/2/2017||Jill Foss Watson||Major Shareholder||Sell||35,348||$275.69||$9,745,090.12|| |
|8/2/2017||Kenneth Booth||CFO||Sell||2,000||$273.01||$546,020.00|| |
|8/1/2017||Jill Foss Watson||Major Shareholder||Sell||35,751||$270.82||$9,682,085.82|| |
|6/8/2017||Jill Foss Watson||Major Shareholder||Sell||4,947||$225.63||$1,116,191.61|| |
|6/7/2017||Jill Foss Watson||Major Shareholder||Sell||19,424||$225.80||$4,385,939.20|| |
|6/6/2017||Jill Foss Watson||Major Shareholder||Sell||19,433||$221.99||$4,313,931.67|| |
|6/5/2017||Jill Foss Watson||Major Shareholder||Sell||21,017||$221.99||$4,665,563.83|| |
|6/2/2017||Jill Foss Watson||Major Shareholder||Sell||10,112||$219.61||$2,220,696.32|| |
|6/1/2017||Jill Foss Watson||Major Shareholder||Sell||26,051||$217.84||$5,674,949.84|| |
|5/26/2017||Jill Foss Watson||Major Shareholder||Sell||16,370||$218.36||$3,574,553.20|| |
|5/25/2017||Jill Foss Watson||Major Shareholder||Sell||16,675||$219.42||$3,658,828.50|| |
|5/24/2017||Jill Foss Watson||Major Shareholder||Sell||25,163||$224.23||$5,642,299.49|| |
|5/23/2017||Jill Foss Watson||Major Shareholder||Sell||26,364||$227.02||$5,985,155.28|| |
|5/22/2017||Jill Foss Watson||Major Shareholder||Sell||18,700||$224.59||$4,199,833.00|| |
|5/19/2017||Jill Foss Watson||Major Shareholder||Sell||35,288||$221.83||$7,827,937.04|| |
|5/18/2017||Jill Foss Watson||Major Shareholder||Sell||15,691||$215.65||$3,383,764.15|| |
|5/16/2017||Jill Foss Watson||Major Shareholder||Sell||21,200||$215.71||$4,573,052.00|| |
|5/12/2017||Jill Foss Watson||Major Shareholder||Sell||12,220||$215.77||$2,636,709.40|| |
|5/10/2017||Jill Foss Watson||Major Shareholder||Sell||41,729||$216.42||$9,030,990.18|| |
|5/8/2017||Jill Foss Watson||Major Shareholder||Sell||21,980||$215.43||$4,735,151.40|| |
|5/5/2017||Arthur L. Smith||Insider||Sell||1,596||$215.93||$344,624.28|| |
|5/4/2017||Jill Foss Watson||Major Shareholder||Sell||28,699||$216.20||$6,204,723.80|| |
|5/3/2017||Charles A. Pearce||Insider||Sell||4,000||$215.77||$863,080.00|| |
|5/3/2017||Steven M. Jones||President||Sell||65,000||$214.15||$13,919,750.00|| |
|3/31/2017||Jill Foss Watson||Major Shareholder||Sell||200,000||$198.00||$39,600,000.00|| |
|3/21/2017||Jill Foss Watson||Major Shareholder||Sell||200,000||$199.28||$39,856,000.00|| |
|3/16/2017||Jill Foss Watson||Major Shareholder||Sell||20,878||$203.91||$4,257,232.98|| |
|3/15/2017||Jill Foss Watson||Major Shareholder||Sell||35,086||$199.57||$7,002,113.02|| |
|3/13/2017||Jill Foss Watson||Major Shareholder||Sell||18,043||$197.78||$3,568,544.54|| |
|3/9/2017||Jill Foss Watson||Major Shareholder||Sell||9,450||$198.20||$1,872,990.00|| |
|3/7/2017||Jill Foss Watson||Major Shareholder||Sell||16,543||$198.44||$3,282,792.92|| |
|2/7/2017||Donald A Foss||Major Shareholder||Sell||660,000||$194.00||$128,040,000.00|| |
|12/30/2016||Donald A Foss||Major Shareholder||Sell||404||$220.20||$88,960.80|| |
|12/27/2016||Donald A Foss||Chairman||Sell||405||$220.17||$89,168.85|| |
|9/26/2016||Jill Foss Watson||Major Shareholder||Sell||240,000||$197.50||$47,400,000.00|| |
|8/30/2016||Jill Foss Watson||Major Shareholder||Sell||9,995||$200.91||$2,008,095.45|| |
|8/29/2016||Jill Foss Watson||Major Shareholder||Sell||35,211||$205.18||$7,224,592.98|| |
|8/26/2016||Jill Foss Watson||Major Shareholder||Sell||27,626||$200.94||$5,551,168.44|| |
|8/24/2016||Jill Foss Watson||Major Shareholder||Sell||17,761||$202.36||$3,594,115.96|| |
|8/23/2016||Jill Foss Watson||Major Shareholder||Sell||13,111||$201.54||$2,642,390.94|| |
|8/17/2016||Jill Foss Watson||Major Shareholder||Sell||12,984||$201.23||$2,612,770.32|| |
|8/16/2016||Jill Foss Watson||Major Shareholder||Sell||41,869||$204.30||$8,553,836.70|| |
|8/15/2016||Jill Foss Watson||Major Shareholder||Sell||43,196||$202.97||$8,767,492.12|| |
|8/12/2016||Jill Foss Watson||Major Shareholder||Sell||48,247||$200.66||$9,681,243.02|| |
|6/17/2016||Allan Victor Apple||Major Shareholder||Buy||100||$166.05||$16,605.00|| |
|4/26/2016||Jill Foss Watson||Major Shareholder||Sell||15,000||$201.29||$3,019,350.00|| |
|3/10/2016||Donald A Foss||Major Shareholder||Sell||400||$220.11||$88,044.00|| |
|12/1/2015||Thomas W Smith||Insider||Buy||1,000||$202.39||$202,390.00|| |
|11/20/2015||Thomas W Smith||Insider||Buy||8,000||$170.34||$1,362,720.00|| |
|11/19/2015||Kenneth Booth||CFO||Buy||5,000||$164.80||$824,000.00|| |
|5/11/2015||Brett A Roberts||CEO||Sell||7,930||$229.33||$1,818,586.90|| |
|2/24/2015||Douglas W Busk||VP||Sell||1,575||$179.48||$282,681.00|| |
|2/23/2015||John S Soave||Insider||Sell||1,000||$175.00||$175,000.00|| |
|2/18/2015||Kenneth Booth||CFO||Sell||2,000||$172.56||$345,120.00|| |
|11/6/2014||Brett A Roberts||CEO||Sell||5,000||$151.67||$758,350.00|| |
|11/5/2014||Brett A Roberts||CEO||Sell||5,000||$148.79||$743,950.00|| |
|10/24/2014||Jill Foss Watson||Major Shareholder||Sell||279,577||$125.54||$35,098,096.58|| |
|10/23/2014||Donald A Foss||Major Shareholder||Sell||430,967||$125.54||$54,103,597.18|| |
|9/2/2014||Brett A Roberts||CEO||Sell||5,000||$123.10||$615,500.00|| |
|8/1/2014||Kenneth Booth||CFO||Buy||2,000||$113.25||$226,500.00|| |
|6/20/2014||Jill Foss Watson||Major Shareholder||Sell||536,180||$125.58||$67,333,484.40|| |
|4/1/2014||Jill Foss Watson||major shareholder||Sell||318,580||$133.35||$42,482,643.00|| |
|3/7/2014||Glenda Flanagan||Director||Sell||4,800||$146.26||$702,048.00|| |
|2/6/2014||Glenda Flanagan||Director||Sell||2,079||$130.89||$272,120.31|| |
|11/5/2013||Kenneth Booth||CFO||Sell||2,000||$122.13||$244,260.00|| |
|8/8/2013||Brett Roberts||CEO||Sell||4,000||$114.31||$457,240.00|| |
|8/2/2013||Kenneth Booth||CFO||Sell||2,805||$112.95||$316,824.75|| |
|8/1/2013||Kenneth Booth||CFO||Sell||3,163||$112.87||$357,007.81|| |
|6/28/2013||Glenda J Flanagan||Director||Sell||5,000||$107.11||$535,550.00|| |
|6/19/2013||Glenda J Flanagan||Director||Sell||5,700||$109.69||$625,233.00|| |
|6/18/2013||Glenda J Flanagan||Director||Sell||9,300||$110.29||$1,025,697.00|| |
|12/26/2012||Prescott General Partners Llc||Insider||Sell||20,000||$99.44||$1,988,800.00|| |
|11/5/2012||Kenneth Booth||CFO||Buy||2,038||$82.15||$167,421.70|| |
|9/5/2012||Donald A Foss||Major Shareholder||Sell||240,000||$91.02||$21,844,800.00|| |
Headline Trends for Credit Acceptance Corporation (NASDAQ:CACC)
Latest Headlines for Credit Acceptance Corporation (NASDAQ:CACC)
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Credit Acceptance Corporation (CACC) Chart for Monday, October, 23, 2017