Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts 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 founded in 1972 and is headquartered in Southfield, Michigan.
Industry, Sector and Symbol
Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
Phone248-353-2700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.29 billion
Profitability
Miscellaneous
Employees2,040
Next Earnings Date7/30/2019 (Estimated)
OptionableOptionable
Credit Acceptance (NASDAQ:CACC) Frequently Asked Questions
What is Credit Acceptance's stock symbol?
Credit Acceptance trades on the NASDAQ under the ticker symbol "CACC."
How were Credit Acceptance's earnings last quarter?
Credit Acceptance Corp. (NASDAQ:CACC) issued its quarterly earnings results on Monday, April, 29th. The credit services provider reported $8.08 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $7.93 by $0.15. The credit services provider had revenue of $342.80 million for the quarter, compared to analyst estimates of $350.35 million. Credit Acceptance had a net margin of 46.00% and a return on equity of 30.17%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.11 earnings per share. View Credit Acceptance's Earnings History.
When is Credit Acceptance's next earnings date?
What price target have analysts set for CACC?
9 brokers have issued 12-month price targets for Credit Acceptance's stock. Their forecasts range from $335.00 to $495.00. On average, they expect Credit Acceptance's stock price to reach $392.6250 in the next year. This suggests that the stock has a possible downside of 17.0%. View Analyst Price Targets for Credit Acceptance.
What is the consensus analysts' recommendation for Credit Acceptance?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 3 sell ratings and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Credit Acceptance.
Has Credit Acceptance been receiving favorable news coverage?
Press coverage about CACC stock has trended positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Credit Acceptance earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave news stories about the credit services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future.
Who are some of Credit Acceptance's key competitors?
Some companies that are related to Credit Acceptance include Discover Financial Services (DFS), Santander Consumer USA (SC), OneMain (OMF), SLM (SLM), Nelnet (NNI), World Acceptance (WRLD), PROVIDENT FINL/S (FPLPY), Oaktree Specialty Lending (OCSL), Enova International (ENVA), Regional Management (RM), Atlanticus (ATLC), Mr. Amazing Loans (MRAL) and IEG (IEGH).
What other stocks do shareholders of Credit Acceptance own?
Who are Credit Acceptance's key executives?
Credit Acceptance's management team includes the folowing people:
- Mr. Brett A. Roberts, CEO & Director (Age 53)
- Mr. Kenneth S. Booth, Chief Financial Officer (Age 52)
- Mr. Charles A. Pearce, Chief Legal Officer & Corp. Sec. (Age 55)
- Mr. Daniel A. Ulatowski, Chief Sales Officer (Age 47)
- Mr. Arthur L. Smith, Chief Analytics Officer (Age 46)
Who are Credit Acceptance's major shareholders?
Credit Acceptance's stock is owned by a number of of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (3.29%), BlackRock Inc. (2.68%), Cantillon Capital Management LLC (1.62%), Beck Mack & Oliver LLC (1.51%), Wasatch Advisors Inc. (1.36%) and Dimensional Fund Advisors LP (1.06%). Company insiders that own Credit Acceptance stock include Arthur L Smith, 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.
Which institutional investors are selling Credit Acceptance stock?
CACC stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, JPMorgan Chase & Co., Goldman Sachs Group Inc., AQR Capital Management LLC, Wellington Management Group LLP, PNC Financial Services Group Inc., BNP Paribas Arbitrage SA and The Manufacturers Life Insurance Company . Company insiders that have sold Credit Acceptance company stock in the last year include Arthur L Smith, Charles A Pearce, Douglas W Busk, Kenneth Booth, Prescott General Partners Llc, Scott J Vassalluzzo and Thomas N Tryforos. View Insider Buying and Selling for Credit Acceptance.
Which institutional investors are buying Credit Acceptance stock?
CACC stock was purchased by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, Jefferies Group LLC, Wasatch Advisors Inc., BlueCrest Capital Management Ltd, California Public Employees Retirement System, Wells Fargo & Company MN, Charles Schwab Investment Management Inc. and HighTower Advisors LLC. View Insider Buying and Selling for Credit Acceptance.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Credit Acceptance's stock price today?
One share of CACC stock can currently be purchased for approximately $473.04.
How big of a company is Credit Acceptance?
Credit Acceptance has a market capitalization of $8.89 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.
What is Credit Acceptance's official website?
How can I contact Credit Acceptance?
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]
MarketBeat Community Rating for Credit Acceptance (NASDAQ CACC)
MarketBeat's community ratings are surveys of what our community members think about Credit Acceptance and other stocks. Vote "Outperform" if you believe CACC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CACC will underperform the S&P 500 over the long term. You may vote once every thirty days.
