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. Credit Acceptance Corporation was founded in 1972 and is headquartered in Southfield, Michigan.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
SymbolNASDAQ:CACC
CUSIP22531010
Phone248-353-2700
Debt
Debt-to-Equity Ratio2.03
Current Ratio33.69
Quick Ratio33.69
Price-To-Earnings
Trailing P/E Ratio21.36
Forward P/E Ratio15.77
P/E Growth0.8
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales7.59
Cash Flow$21.5474 per share
Price / Cash20.26
Book Value$79.53 per share
Price / Book5.49
Profitability
EPS (Most Recent Fiscal Year)$20.44
Net Income$470.20 million
Net Margins46.43%
Return on Equity28.97%
Return on Assets8.67%
Miscellaneous
Employees1,817
Outstanding Shares19,310,000
Market Cap$8.43 billion
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 will Credit Acceptance's stock buyback program work?
Credit Acceptance announced that its board has initiated a stock repurchase program on Thursday, April 6th 2017, which authorizes the company to buyback 1,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.
How were Credit Acceptance's earnings last quarter?
Credit Acceptance Corp. (NASDAQ:CACC) posted its quarterly earnings data on Tuesday, July, 31st. The credit services provider reported $6.95 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $6.44 by $0.51. The credit services provider earned $315.40 million during the quarter, compared to the consensus estimate of $303.55 million. Credit Acceptance had a net margin of 46.43% and a return on equity of 28.97%. View Credit Acceptance's Earnings History.
When is Credit Acceptance's next earnings date?
What price target have analysts set for CACC?
9 analysts have issued 1-year target prices for Credit Acceptance's shares. Their predictions range from $230.00 to $400.00. On average, they expect Credit Acceptance's share price to reach $306.25 in the next year. This suggests that the stock has a possible downside of 29.8%. 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 4 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Credit Acceptance.
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), SLM (SLM), OneMain (OMF), Nelnet (NNI), PROVIDENT Finl/S (FPLPY), Enova International (ENVA), World Acceptance (WRLD), Oaktree Specialty Lending (OCSL), Regional Management (RM), Atlanticus (ATLC), IEG (IEGH), IEG (IEGH) and Mr. Amazing Loans (MRAL).
Who are Credit Acceptance's key executives?
Credit Acceptance's management team includes the folowing people:
- Mr. Brett A. Roberts, CEO & Director (Age 52)
- Mr. Kenneth S. Booth, Chief Financial Officer (Age 51)
- Mr. Charles A. Pearce, Chief Legal Officer & Corp. Sec. (Age 54)
- Mr. Arthur L. Smith, Chief Analytics Officer (Age 45)
- Mr. John S. Soave, Chief Information Officer (Age 53)
Has Credit Acceptance been receiving favorable news coverage?
News articles about CACC stock have been trending somewhat positive on Friday, Accern reports. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Credit Acceptance earned a news and rumor sentiment score of 0.19 on Accern's scale. They also assigned news stories about the credit services provider an impact score of 47.58 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for Credit Acceptance.
Who are Credit Acceptance's major shareholders?
Credit Acceptance's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.64%), Cantillon Capital Management LLC (1.68%), Beck Mack & Oliver LLC (1.48%), Wasatch Advisors Inc. (1.27%), Dimensional Fund Advisors LP (1.03%) and PNC Financial Services Group Inc. (0.98%). Company insiders that own Credit Acceptance stock include Arthur L Smith, Charles A Pearce, Donald A Foss, Douglas W Busk, Jill Foss Watson, John S Soave, Kenneth Booth, Steven M Jones 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 Giverny Capital Inc., LMR Partners LLP, Vulcan Value Partners LLC, PNC Financial Services Group Inc., XL Group Investments Ltd, Cantillon Capital Management LLC, First Trust Advisors LP and Jane Street Group LLC. Company insiders that have sold Credit Acceptance company stock in the last year include Charles A Pearce, Douglas W Busk, Jill Foss Watson, John S Soave, Kenneth Booth and Thomas N Tryforos. View Insider Buying and Selling for Credit Acceptance.
Which institutional investors are buying Credit Acceptance stock?
CACC stock was acquired by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., BlackRock Inc., SG Capital Management LLC, Janus Henderson Group PLC, Swiss National Bank, OMERS ADMINISTRATION Corp, Pinebridge Investments L.P. and Eqis Capital Management Inc.. 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 $436.55.
How big of a company is Credit Acceptance?
Credit Acceptance has a market capitalization of $8.43 billion and generates $1.11 billion in revenue each year. The credit services provider earns $470.20 million in net income (profit) each year or $20.44 on an earnings per share basis. Credit Acceptance employs 1,817 workers across the globe.
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.
