Credit Acceptance Corporation Company Profile (NASDAQ:CACC)

About Credit Acceptance Corporation (NASDAQ:CACC)

Credit Acceptance Corporation logoCredit 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
Capitalization:
  • Market Cap: $5.53 billion
  • Outstanding Shares: 19,458,000
Average Prices:
  • 50 Day Moving Avg: $275.18
  • 200 Day Moving Avg: $245.64
  • 52 Week Range: $160.63 - $288.23
P/E:
  • Trailing P/E Ratio: 15.52
  • Foreward P/E Ratio: 13.21
  • P/E Growth: 1.18
Sales & Book Value:
  • Annual Revenue: $840.3 million
  • Price / Sales: 6.58
  • Book Value: $64.15 per share
  • Price / Book: 4.43
Profitability:
  • Net Margins: 35.13%
  • Return on Equity: 32.24%
  • Return on Assets: 8.71%
Debt:
  • Debt-to-Equity Ratio: 2.41%
  • Current Ratio: 33.28%
  • Quick Ratio: 33.28%
Misc:
  • 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?

Credit Acceptance Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Credit Acceptance Corporation.

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?

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?

One share of Credit Acceptance Corporation stock can currently be purchased for approximately $284.00.


MarketBeat Community Rating for Credit Acceptance Corporation (NASDAQ CACC)
Community Ranking:  1.4 out of 5 (star)
Outperform Votes:  95 (Vote Outperform)
Underperform Votes:  253 (Vote Underperform)
Total Votes:  348
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.

Analyst Ratings

Consensus Ratings for Credit Acceptance Corporation (NASDAQ:CACC) (How are Consensus Ratings Calculated?)
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)
Price Target History for Credit Acceptance Corporation (NASDAQ:CACC)
Analysts' Ratings History for Credit Acceptance Corporation (NASDAQ:CACC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/10/2017Jefferies Group LLCReiterated RatingHold$240.00 -> $260.00N/AView Rating Details
10/6/2017BMO Capital MarketsReiterated RatingHold$238.00N/AView Rating Details
8/1/2017JMP SecuritiesReiterated RatingUnderperform$180.00 -> $195.00LowView Rating Details
8/1/2017Raymond James Financial, Inc.UpgradeUnderperform -> Market PerformMediumView Rating Details
8/1/2017Credit Suisse GroupReiterated RatingUnderperform$190.00 -> $200.00HighView Rating Details
5/2/2017Janney Montgomery ScottUpgradeSell -> Neutral$187.00 -> $200.00HighView Rating Details
2/8/2017StephensSet Price TargetSell$170.00N/AView Rating Details
1/23/2017Susquehanna Bancshares IncInitiated CoverageNeutral$226.00N/AView Rating Details
9/6/2016Compass PointDowngradeNeutral -> Sell$170.00N/AView Rating Details
5/11/2016MacquarieDowngradeNeutral -> Underperform$190.00 -> $150.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Credit Acceptance Corporation (NASDAQ:CACC)
Earnings by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)
Earnings History by Quarter for Credit Acceptance Corporation (NASDAQ CACC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017$4.93N/AView Earnings Details
7/31/2017Q2 2017$4.89$5.22$268.18 million$253.20 millionViewN/AView Earnings Details
5/1/2017Q1 2017$4.38$4.67$259.24 million$262.80 millionViewListenView Earnings Details
1/31/2017Q416$4.26$4.79$250.54 million$236.20 millionViewN/AView Earnings Details
11/1/2016Q316$4.27$4.53$244.65 million$246.00 millionViewN/AView Earnings Details
7/29/2016Q216$3.86$4.38$232.37 million$238.50 millionViewListenView Earnings Details
5/2/2016Q116$3.81$4.02$226.02 million$227.90 millionViewListenView Earnings Details
2/1/2016Q415$3.75$3.84$216.49 million$217.80 millionViewN/AView Earnings Details
10/29/2015Q315$3.69$3.77$207.25 million$210.20 millionViewListenView Earnings Details
7/29/2015Q2$3.59$3.60$195.50 million$203.10 millionViewListenView Earnings Details
4/29/2015Q115$3.33$3.44$190.10 million$194.20 millionViewN/AView Earnings Details
1/29/2015Q4 2014$3.26$3.28$182.20 million$185.10 millionViewN/AView Earnings Details
10/29/2014Q313$3.21$3.26$183.10 million$181.70 millionViewN/AView Earnings Details
7/30/2014Q213$2.90$2.98$181.37 million$179.80 millionViewN/AView Earnings Details
4/29/2014Q1 2014$2.79$2.69$176.90 millionViewN/AView Earnings Details
1/30/2014Q4$2.73$2.30ViewN/AView Earnings Details
11/1/2012Q312$2.24$2.23$156.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Credit Acceptance Corporation (NASDAQ:CACC)
2017 EPS Consensus Estimate: $19.69
2018 EPS Consensus Estimate: $22.03
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$4.60$4.60$4.60
Q2 20171$4.65$4.65$4.65
Q3 20171$5.15$5.15$5.15
Q4 20171$5.29$5.29$5.29
Q1 20181$5.38$5.38$5.38
Q2 20181$5.82$5.82$5.82
Q3 20181$5.22$5.22$5.22
Q4 20181$5.61$5.61$5.61
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Credit Acceptance Corporation (NASDAQ:CACC)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Credit Acceptance Corporation (NASDAQ:CACC)
Insider Ownership Percentage: 5.80%
Institutional Ownership Percentage: 72.71%
Insider Trades by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)
Institutional Ownership by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)
Insider Trades by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/4/2017Jill Foss WatsonMajor ShareholderSell29,956$270.81$8,112,384.36View SEC Filing  
8/3/2017Jill Foss WatsonMajor ShareholderSell47,303$270.75$12,807,287.25View SEC Filing  
8/2/2017Douglas W. BuskInsiderSell2,500$267.72$669,300.00View SEC Filing  
8/2/2017Jill Foss WatsonMajor ShareholderSell35,348$275.69$9,745,090.12View SEC Filing  
8/2/2017Kenneth BoothCFOSell2,000$273.01$546,020.00View SEC Filing  
8/1/2017Jill Foss WatsonMajor ShareholderSell35,751$270.82$9,682,085.82View SEC Filing  
6/8/2017Jill Foss WatsonMajor ShareholderSell4,947$225.63$1,116,191.61View SEC Filing  
6/7/2017Jill Foss WatsonMajor ShareholderSell19,424$225.80$4,385,939.20View SEC Filing  
6/6/2017Jill Foss WatsonMajor ShareholderSell19,433$221.99$4,313,931.67View SEC Filing  
6/5/2017Jill Foss WatsonMajor ShareholderSell21,017$221.99$4,665,563.83View SEC Filing  
6/2/2017Jill Foss WatsonMajor ShareholderSell10,112$219.61$2,220,696.32View SEC Filing  
6/1/2017Jill Foss WatsonMajor ShareholderSell26,051$217.84$5,674,949.84View SEC Filing  
5/26/2017Jill Foss WatsonMajor ShareholderSell16,370$218.36$3,574,553.20View SEC Filing  
5/25/2017Jill Foss WatsonMajor ShareholderSell16,675$219.42$3,658,828.50View SEC Filing  
5/24/2017Jill Foss WatsonMajor ShareholderSell25,163$224.23$5,642,299.49View SEC Filing  
5/23/2017Jill Foss WatsonMajor ShareholderSell26,364$227.02$5,985,155.28View SEC Filing  
5/22/2017Jill Foss WatsonMajor ShareholderSell18,700$224.59$4,199,833.00View SEC Filing  
5/19/2017Jill Foss WatsonMajor ShareholderSell35,288$221.83$7,827,937.04View SEC Filing  
5/18/2017Jill Foss WatsonMajor ShareholderSell15,691$215.65$3,383,764.15View SEC Filing  
5/16/2017Jill Foss WatsonMajor ShareholderSell21,200$215.71$4,573,052.00View SEC Filing  
5/12/2017Jill Foss WatsonMajor ShareholderSell12,220$215.77$2,636,709.40View SEC Filing  
5/10/2017Jill Foss WatsonMajor ShareholderSell41,729$216.42$9,030,990.18View SEC Filing  
5/8/2017Jill Foss WatsonMajor ShareholderSell21,980$215.43$4,735,151.40View SEC Filing  
5/5/2017Arthur L. SmithInsiderSell1,596$215.93$344,624.28View SEC Filing  
5/4/2017Jill Foss WatsonMajor ShareholderSell28,699$216.20$6,204,723.80View SEC Filing  
5/3/2017Charles A. PearceInsiderSell4,000$215.77$863,080.00View SEC Filing  
5/3/2017Steven M. JonesPresidentSell65,000$214.15$13,919,750.00View SEC Filing  
3/31/2017Jill Foss WatsonMajor ShareholderSell200,000$198.00$39,600,000.00View SEC Filing  
3/21/2017Jill Foss WatsonMajor ShareholderSell200,000$199.28$39,856,000.00View SEC Filing  
3/16/2017Jill Foss WatsonMajor ShareholderSell20,878$203.91$4,257,232.98View SEC Filing  
3/15/2017Jill Foss WatsonMajor ShareholderSell35,086$199.57$7,002,113.02View SEC Filing  
3/13/2017Jill Foss WatsonMajor ShareholderSell18,043$197.78$3,568,544.54View SEC Filing  
3/9/2017Jill Foss WatsonMajor ShareholderSell9,450$198.20$1,872,990.00View SEC Filing  
3/7/2017Jill Foss WatsonMajor ShareholderSell16,543$198.44$3,282,792.92View SEC Filing  
2/7/2017Donald A FossMajor ShareholderSell660,000$194.00$128,040,000.00View SEC Filing  
12/30/2016Donald A FossMajor ShareholderSell404$220.20$88,960.80View SEC Filing  
12/27/2016Donald A FossChairmanSell405$220.17$89,168.85View SEC Filing  
9/26/2016Jill Foss WatsonMajor ShareholderSell240,000$197.50$47,400,000.00View SEC Filing  
8/30/2016Jill Foss WatsonMajor ShareholderSell9,995$200.91$2,008,095.45View SEC Filing  
8/29/2016Jill Foss WatsonMajor ShareholderSell35,211$205.18$7,224,592.98View SEC Filing  
8/26/2016Jill Foss WatsonMajor ShareholderSell27,626$200.94$5,551,168.44View SEC Filing  
8/24/2016Jill Foss WatsonMajor ShareholderSell17,761$202.36$3,594,115.96View SEC Filing  
8/23/2016Jill Foss WatsonMajor ShareholderSell13,111$201.54$2,642,390.94View SEC Filing  
8/17/2016Jill Foss WatsonMajor ShareholderSell12,984$201.23$2,612,770.32View SEC Filing  
8/16/2016Jill Foss WatsonMajor ShareholderSell41,869$204.30$8,553,836.70View SEC Filing  
8/15/2016Jill Foss WatsonMajor ShareholderSell43,196$202.97$8,767,492.12View SEC Filing  
8/12/2016Jill Foss WatsonMajor ShareholderSell48,247$200.66$9,681,243.02View SEC Filing  
6/17/2016Allan Victor AppleMajor ShareholderBuy100$166.05$16,605.00View SEC Filing  
4/26/2016Jill Foss WatsonMajor ShareholderSell15,000$201.29$3,019,350.00View SEC Filing  
3/10/2016Donald A FossMajor ShareholderSell400$220.11$88,044.00View SEC Filing  
12/1/2015Thomas W SmithInsiderBuy1,000$202.39$202,390.00View SEC Filing  
11/20/2015Thomas W SmithInsiderBuy8,000$170.34$1,362,720.00View SEC Filing  
11/19/2015Kenneth BoothCFOBuy5,000$164.80$824,000.00View SEC Filing  
5/11/2015Brett A RobertsCEOSell7,930$229.33$1,818,586.90View SEC Filing  
2/24/2015Douglas W BuskVPSell1,575$179.48$282,681.00View SEC Filing  
2/23/2015John S SoaveInsiderSell1,000$175.00$175,000.00View SEC Filing  
2/18/2015Kenneth BoothCFOSell2,000$172.56$345,120.00View SEC Filing  
11/6/2014Brett A RobertsCEOSell5,000$151.67$758,350.00View SEC Filing  
11/5/2014Brett A RobertsCEOSell5,000$148.79$743,950.00View SEC Filing  
10/24/2014Jill Foss WatsonMajor ShareholderSell279,577$125.54$35,098,096.58View SEC Filing  
10/23/2014Donald A FossMajor ShareholderSell430,967$125.54$54,103,597.18View SEC Filing  
9/2/2014Brett A RobertsCEOSell5,000$123.10$615,500.00View SEC Filing  
8/1/2014Kenneth BoothCFOBuy2,000$113.25$226,500.00View SEC Filing  
6/20/2014Jill Foss WatsonMajor ShareholderSell536,180$125.58$67,333,484.40View SEC Filing  
4/1/2014Jill Foss Watsonmajor shareholderSell318,580$133.35$42,482,643.00View SEC Filing  
3/7/2014Glenda FlanaganDirectorSell4,800$146.26$702,048.00View SEC Filing  
2/6/2014Glenda FlanaganDirectorSell2,079$130.89$272,120.31View SEC Filing  
11/5/2013Kenneth BoothCFOSell2,000$122.13$244,260.00View SEC Filing  
8/8/2013Brett RobertsCEOSell4,000$114.31$457,240.00View SEC Filing  
8/2/2013Kenneth BoothCFOSell2,805$112.95$316,824.75View SEC Filing  
8/1/2013Kenneth BoothCFOSell3,163$112.87$357,007.81View SEC Filing  
6/28/2013Glenda J FlanaganDirectorSell5,000$107.11$535,550.00View SEC Filing  
6/19/2013Glenda J FlanaganDirectorSell5,700$109.69$625,233.00View SEC Filing  
6/18/2013Glenda J FlanaganDirectorSell9,300$110.29$1,025,697.00View SEC Filing  
12/26/2012Prescott General Partners LlcInsiderSell20,000$99.44$1,988,800.00View SEC Filing  
11/5/2012Kenneth BoothCFOBuy2,038$82.15$167,421.70View SEC Filing  
9/5/2012Donald A FossMajor ShareholderSell240,000$91.02$21,844,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Credit Acceptance Corporation (NASDAQ:CACC)
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Credit Acceptance Corporation (CACC) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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