NASDAQ:CACC - Credit Acceptance Stock Price, News, & Analysis

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$454.08 -0.66 (-0.15 %)
(As of 03/18/2019 09:29 AM ET)
Previous Close$454.74
Today's Range$450.84 - $456.65
52-Week Range$299.00 - $467.26
Volume114,344 shs
Average Volume96,341 shs
Market Capitalization$8.53 billion
P/E Ratio15.99
Dividend YieldN/A
Beta0.68
Credit Acceptance Corp. engages in the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. Its financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers. The company was founded by Donald A. Foss in 1972 and is headquartered in Southfield, MI.

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Industry, Sector and Symbol

Industry N/A
Sub-IndustryConsumer Finance
SectorFinance
Current SymbolNASDAQ:CACC
CUSIP22531010
Phone248-353-2700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.29 billion
Cash Flow$30.2116 per share
Book Value$103.11 per share

Profitability

Net Income$574 million

Miscellaneous

Employees2,040
Market Cap$8.53 billion
Next Earnings Date5/2/2019 (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 will Credit Acceptance's stock buyback program work?

Credit Acceptance declared that its board has authorized a stock repurchase plan on Thursday, April 6th 2017, which authorizes the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Corp. (NASDAQ:CACC) announced its quarterly earnings data on Wednesday, January, 30th. The credit services provider reported $7.85 earnings per share for the quarter, beating the consensus estimate of $7.45 by $0.40. The credit services provider earned $342.80 million during the quarter, compared to analyst estimates of $338.73 million. Credit Acceptance had a net margin of 44.64% and a return on equity of 29.89%. The firm's revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $5.16 earnings per share. View Credit Acceptance's Earnings History.

When is Credit Acceptance's next earnings date?

Credit Acceptance is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Credit Acceptance.

What price target have analysts set for CACC?

7 equities research analysts have issued 1 year target prices for Credit Acceptance's shares. Their predictions range from $335.00 to $420.00. On average, they anticipate Credit Acceptance's share price to reach $369.5714 in the next twelve months. This suggests that the stock has a possible downside of 18.6%. View Analyst Price Targets for Credit Acceptance.

What is the consensus analysts' recommendation for Credit Acceptance?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 3 sell ratings and 4 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 somewhat positive on Monday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Credit Acceptance earned a news impact score of 1.1 on InfoTrie's scale. They also assigned news stories about the credit services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days.

Who are some of Credit Acceptance's key competitors?

What other stocks do shareholders of Credit Acceptance own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Credit Acceptance investors own include State National Companies (SNC), Netflix (NFLX), NetEase (NTES), Tesla (TSLA), NVIDIA (NVDA), Mcdonald's (MCD), Gilead Sciences (GILD), Comerica (CMA), Chipotle Mexican Grill (CMG) and BofI (BOFI).

Who are Credit Acceptance's key executives?

Credit Acceptance's management team includes the folowing people:
  • Brett A. Roberts, Chief Executive Officer & Director
  • Kenneth S. Booth, CFO & Principal Accounting Officer
  • John S. Soave, Chief Information Officer
  • Douglas W. Busk, Treasurer & Senior Vice President
  • Art Smith, Chief Analytics Officer

Who are Credit Acceptance's major shareholders?

Credit Acceptance's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Prescott General Partners LLC (11.27%), Abrams Bison Investments LLC (3.47%), BlackRock Inc. (2.63%), Cantillon Capital Management LLC (1.59%), Beck Mack & Oliver LLC (1.48%) and Hound Partners LLC (1.23%). 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, Steven M Jones and Thomas N Tryforos. View Institutional Ownership Trends for Credit Acceptance.

Which major investors are selling Credit Acceptance stock?

CACC stock was sold by a variety of institutional investors in the last quarter, including Abrams Bison Investments LLC, Prescott General Partners LLC, Hound Partners LLC, Mackay Shields LLC, PNC Financial Services Group Inc., First Trust Advisors LP, Schaller Investment Group Inc. and Bank of New York Mellon Corp. 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 major investors are buying Credit Acceptance stock?

CACC stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, RV Capital GmbH, Prescott Investors Profit Sharing Trust, Phoenician Capital LLC, BlackRock Inc., Parkwood LLC, Geode Capital Management LLC and Geode Capital Management 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 $454.08.

How big of a company is Credit Acceptance?

Credit Acceptance has a market capitalization of $8.53 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?

The official website for Credit Acceptance is http://www.creditacceptance.com.

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)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  250 (Vote Outperform)
Underperform Votes:  434 (Vote Underperform)
Total Votes:  684
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.
This page was last updated on 3/18/2019 by MarketBeat.com Staff

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