Credit Acceptance Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Credit Acceptance stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CACC, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Credit Acceptance a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Credit Acceptance wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Credit Acceptance is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Credit Acceptance.

Credit Acceptance Co. (NASDAQ:CACC) posted its earnings results on Wednesday, April, 28th. The credit services provider reported $11.82 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $7.93 by $3.89. The credit services provider earned $451 million during the quarter, compared to analyst estimates of $427.90 million. Credit Acceptance had a net margin of 40.83% and a trailing twelve-month return on equity of 29.86%.
View Credit Acceptance's earnings history.

Credit Acceptance's stock was trading at $409.93 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CACC shares have increased by 4.3% and is now trading at $427.36.
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4 brokerages have issued 1 year price targets for Credit Acceptance's shares. Their forecasts range from $240.00 to $450.00. On average, they anticipate Credit Acceptance's stock price to reach $370.75 in the next twelve months. This suggests that the stock has a possible downside of 13.2%.
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284 employees have rated Credit Acceptance CEO Brett A. Roberts on Glassdoor.com. Brett A. Roberts has an approval rating of 87% among Credit Acceptance's employees.

Some companies that are related to Credit Acceptance include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), SLM (SLM), Nelnet (NNI), Green Dot (GDOT), PRA Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), Regional Management (RM), EZCORP (EZPW) and Nicholas Financial (NICK).
View all of CACC's competitors.

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), The Home Depot (HD), NVIDIA (NVDA), AT&T (T), Tesla (TSLA), AbbVie (ABBV) and Alibaba Group (BABA).

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. (6.08%), BlackRock Inc. (2.91%), Beck Mack & Oliver LLC (1.86%), Cantillon Capital Management LLC (1.65%), RV Capital GmbH (1.27%) and Dimensional Fund Advisors LP (0.96%). 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 and Prescott General Partners Llc.
View institutional ownership trends for Credit Acceptance.

CACC stock was sold by a variety of institutional investors in the last quarter, including Brave Warrior Advisors LLC, Renaissance Technologies LLC, Principal Financial Group Inc., Morgan Stanley, Royal Bank of Canada, Millennium Management LLC, AQR Capital Management LLC, and Cubist Systematic Strategies LLC. Company insiders that have sold Credit Acceptance company stock in the last year include Arthur L Smith, Donald A Foss, and Glenda J Flanagan.
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CACC stock was acquired by a variety of institutional investors in the last quarter, including Maverick Capital Ltd., CIBC Private Wealth Group LLC, BlackRock Inc., Alberta Investment Management Corp, RV Capital GmbH, Holocene Advisors LP, Smead Capital Management Inc., and Winmill & CO. Inc..
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Shares of CACC 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.
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One share of CACC stock can currently be purchased for approximately $427.36.

Credit Acceptance has a market capitalization of $7.01 billion and generates $1.67 billion in revenue each year. The credit services provider earns $421 million in net income (profit) each year or $38.26 on an earnings per share basis.

Credit Acceptance employs 2,033 workers across the globe.

Credit Acceptance was founded in 1972.

The official website for Credit Acceptance is www.creditacceptance.com.

Credit Acceptance is headquartered at 25505 W. Twelve Mile Road, Southfield MI, 48034.

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]