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

Credit Acceptance's stock was trading at $409.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CACC shares have decreased by 34.3% and is now trading at $269.38. View which stocks have been mosted impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 3 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Credit Acceptance.

Credit Acceptance is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Credit Acceptance.

Credit Acceptance Corp. (NASDAQ:CACC) released its quarterly earnings data on Thursday, January, 30th. The credit services provider reported $9.22 EPS for the quarter, topping analysts' consensus estimates of $8.85 by $0.37. The credit services provider had revenue of $385.90 million for the quarter, compared to the consensus estimate of $385.34 million. Credit Acceptance had a return on equity of 29.25% and a net margin of 44.06%. The business's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $7.85 earnings per share. View Credit Acceptance's earnings history.

5 analysts have issued 12 month price targets for Credit Acceptance's shares. Their forecasts range from $190.00 to $495.00. On average, they anticipate Credit Acceptance's share price to reach $373.50 in the next year. This suggests a possible upside of 38.7% from the stock's current price. View analysts' price targets for Credit Acceptance.

Press coverage about CACC stock has been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Credit Acceptance earned a news sentiment score of -1.6 on InfoTrie's scale. They also gave news headlines about the credit services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutCredit Acceptance.

Credit Acceptance saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,686,200 shares, an increase of 26.8% from the February 27th total of 1,330,000 shares. Based on an average daily trading volume, of 209,000 shares, the short-interest ratio is currently 8.1 days. Approximately 14.1% of the shares of the company are sold short. View Credit Acceptance's Current Options Chain.

Some companies that are related to Credit Acceptance include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), SLM (SLM), FirstCash (FCFS), Nelnet (NNI), Green Dot (GDOT), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Nicholas Financial (NICK) and Asta Funding (ASFI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Credit Acceptance investors own include Netflix (NFLX), Bank of America (BAC), Mastercard (MA), Exxon Mobil (XOM), Gilead Sciences (GILD), NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Chipotle Mexican Grill (CMG) and salesforce.com (CRM).

Credit Acceptance trades on the NASDAQ under the ticker symbol "CACC."

Credit Acceptance's stock is owned by a number of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (2.89%), Gobi Capital LLC (1.73%), Beck Mack & Oliver LLC (1.61%), Cantillon Capital Management LLC (1.54%), Geode Capital Management LLC (1.06%) and AQR Capital Management LLC (0.83%). 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, Prescott General Partners Llc, Scott J Vassalluzzo and Thomas N Tryforos. View institutional ownership trends for Credit Acceptance.

CACC stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, PNC Financial Services Group Inc., AXA, Victory Capital Management Inc., Victory Capital Management Inc., First Trust Advisors LP, Schaller Investment Group Inc., and AQR Capital Management LLC. Company insiders that have sold Credit Acceptance company stock in the last year include Brett A Roberts, Charles A Pearce, Donald A Foss, Douglas W Busk, Glenda J Flanagan, Kenneth Booth, and Prescott General Partners Llc. View insider buying and selling activity for Credit Acceptance.

CACC stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Norges Bank, LMR Partners LLP, Beck Mack & Oliver LLC, Bank of America Corp DE, Janus Henderson Group PLC, Geode Capital Management LLC, and Schonfeld Strategic Advisors LLC. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of CACC stock can currently be purchased for approximately $269.38.

Credit Acceptance has a market capitalization of $4.89 billion and generates $1.49 billion in revenue each year. The credit services provider earns $656.10 million in net income (profit) each year or $34.70 on an earnings per share basis. Credit Acceptance employs 2,016 workers across the globe. View additional information about Credit Acceptance.

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

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]