Sign in or create an account to add this stock to your watchlist.
About Credit Acceptance (NASDAQ:CACC)
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
Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
SymbolNASDAQ:CACC
CUSIP22531010
Phone248-353-2700
Debt
Debt-to-Equity Ratio2.07
Current Ratio22.16
Quick Ratio22.16
Price-To-Earnings
Trailing P/E Ratio17.69
Forward P/E Ratio13.88
P/E Growth0.76
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales6.29
Cash Flow$21.3797 per share
Price / Cash16.91
Book Value$85.80 per share
Price / Book4.21
Profitability
EPS (Most Recent Fiscal Year)$20.44
Net Income$470.20 million
Net Margins43.49%
Return on Equity29.44%
Return on Assets8.50%
Miscellaneous
Employees1,817
Outstanding Shares19,310,000
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 of Directors has approved a stock repurchase program on Thursday, April 6th 2017, which authorizes the company to repurchase 1,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
How were Credit Acceptance's earnings last quarter?
Credit Acceptance (NASDAQ:CACC) posted its quarterly earnings results on Thursday, May, 3rd. The credit services provider reported $6.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.19 by $0.08. The credit services provider had revenue of $295.60 million for the quarter, compared to the consensus estimate of $296.16 million. Credit Acceptance had a net margin of 43.49% and a return on equity of 29.44%. The firm's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.67 earnings per share. View Credit Acceptance's Earnings History.
When is Credit Acceptance's next earnings date?
What price target have analysts set for CACC?
8 equities research analysts have issued 12-month price objectives for Credit Acceptance's shares. Their predictions range from $230.00 to $365.00. On average, they expect Credit Acceptance's share price to reach $276.7143 in the next year. 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), Sallie Mae (SLM), OneMain (OMF), Nelnet (NNI), Provident Financial (FPLPY), Enova International (ENVA), World Acceptance (WRLD), Oaktree Specialty Lending (OCSL), Regional Management (RM), CompuCredit (ATLC), IEG (IEGH) and IEG (IEGH).
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. Steven M. Jones, Pres (Age 55)
- 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)
Has Credit Acceptance been receiving favorable news coverage?
News headlines about CACC stock have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Credit Acceptance earned a media sentiment score of 0.13 on Accern's scale. They also assigned press coverage about the credit services provider an impact score of 45.30 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are Credit Acceptance's major shareholders?
Credit Acceptance's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Hound Partners LLC (4.77%), BlackRock Inc. (2.53%), BloombergSen Inc. (2.20%), Cantillon Capital Management LLC (1.73%), Wasatch Advisors Inc. (1.28%) and PNC Financial Services Group Inc. (1.07%). Company insiders that own Credit Acceptance stock include Allan Victor Apple, Arthur L Smith, Charles A Pearce, Donald A Foss, Douglas W Busk, Jill Foss Watson, John S Soave, Kenneth Booth and Steven M Jones. 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 Schroder Investment Management Group, Victory Capital Management Inc., PNC Financial Services Group Inc., Prudential Financial Inc., Cantillon Capital Management LLC, Nuveen Asset Management LLC, Dimensional Fund Advisors LP and New York State Common Retirement Fund. Company insiders that have sold Credit Acceptance company stock in the last year include Douglas W Busk, Jill Foss Watson, John S Soave and Kenneth Booth. 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 Hound Partners LLC, JPMorgan Chase & Co., Mackay Shields LLC, Wasatch Advisors Inc., BloombergSen Inc., Lord Abbett & CO. LLC, BNP Paribas Arbitrage SA and Giverny Capital 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 $361.53.
How big of a company is Credit Acceptance?
Credit Acceptance has a market capitalization of $7.04 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 (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.
Credit Acceptance (NASDAQ:CACC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Credit Acceptance in the last 12 months. Their average twelve-month price target is $276.7143, suggesting that the stock has a possible downside of 23.46%. The high price target for CACC is $365.00 and the low price target for CACC is $230.00. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.63 | 1.67 | 1.67 | 1.56 |
| Ratings Breakdown: | 4 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 4 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 4 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 4 Sell Rating(s)
5 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $276.7143 | $267.1250 | $269.8750 | $219.75 |
| Price Target Upside: | 23.46% downside | 16.30% downside | 17.11% downside | 25.77% downside |
Credit Acceptance (NASDAQ:CACC) Consensus Price Target History
Credit Acceptance (NASDAQ:CACC) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Credit Acceptance (NASDAQ:CACC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Credit Acceptance (NASDAQ CACC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.40%
Institutional Ownership Percentage: 69.86%
Credit Acceptance (NASDAQ CACC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/16/2018 | John S. Soave | Insider | Sell | 2,500 | $337.01 | $842,525.00 | |  |
| 3/6/2018 | Kenneth Booth | CFO | Sell | 2,000 | $334.50 | $669,000.00 | | |
| 2/5/2018 | Douglas W Busk | Insider | Sell | 1,000 | $319.86 | $319,860.00 | | |
| 12/28/2017 | Jill Foss Watson | Major Shareholder | Sell | 35,318 | $326.14 | $11,518,612.52 | | |
| 12/26/2017 | Jill Foss Watson | Major Shareholder | Sell | 18,106 | $326.06 | $5,903,642.36 | | |
| 12/21/2017 | Jill Foss Watson | Major Shareholder | Sell | 30,038 | $330.83 | $9,937,471.54 | | |
| 12/19/2017 | Jill Foss Watson | Major Shareholder | Sell | 31,463 | $335.06 | $10,541,992.78 | | |
| 8/4/2017 | Jill Foss Watson | Major Shareholder | Sell | 29,956 | $270.81 | $8,112,384.36 | | |
| 8/3/2017 | Jill Foss Watson | Major Shareholder | Sell | 47,303 | $270.75 | $12,807,287.25 | | |
| 8/2/2017 | Douglas W. Busk | Insider | Sell | 2,500 | $267.72 | $669,300.00 | | |
| 8/2/2017 | Jill Foss Watson | Major Shareholder | Sell | 35,348 | $275.69 | $9,745,090.12 | | |
| 8/2/2017 | Kenneth Booth | CFO | Sell | 2,000 | $273.01 | $546,020.00 | | |
| 8/1/2017 | Jill Foss Watson | Major Shareholder | Sell | 35,751 | $270.82 | $9,682,085.82 | | |
| 6/8/2017 | Jill Foss Watson | Major Shareholder | Sell | 4,947 | $225.63 | $1,116,191.61 | | |
| 6/7/2017 | Jill Foss Watson | Major Shareholder | Sell | 19,424 | $225.80 | $4,385,939.20 | | |
| 6/6/2017 | Jill Foss Watson | Major Shareholder | Sell | 19,433 | $221.99 | $4,313,931.67 | | |
| 6/5/2017 | Jill Foss Watson | Major Shareholder | Sell | 21,017 | $221.99 | $4,665,563.83 | | |
| 6/2/2017 | Jill Foss Watson | Major Shareholder | Sell | 10,112 | $219.61 | $2,220,696.32 | | |
| 6/1/2017 | Jill Foss Watson | Major Shareholder | Sell | 26,051 | $217.84 | $5,674,949.84 | | |
| 5/26/2017 | Jill Foss Watson | Major Shareholder | Sell | 16,370 | $218.36 | $3,574,553.20 | | |
| 5/25/2017 | Jill Foss Watson | Major Shareholder | Sell | 16,675 | $219.42 | $3,658,828.50 | | |
| 5/24/2017 | Jill Foss Watson | Major Shareholder | Sell | 25,163 | $224.23 | $5,642,299.49 | | |
| 5/23/2017 | Jill Foss Watson | Major Shareholder | Sell | 26,364 | $227.02 | $5,985,155.28 | | |
| 5/22/2017 | Jill Foss Watson | Major Shareholder | Sell | 18,700 | $224.59 | $4,199,833.00 | | |
| 5/19/2017 | Jill Foss Watson | Major Shareholder | Sell | 35,288 | $221.83 | $7,827,937.04 | | |
| 5/18/2017 | Jill Foss Watson | Major Shareholder | Sell | 15,691 | $215.65 | $3,383,764.15 | | |
| 5/16/2017 | Jill Foss Watson | Major Shareholder | Sell | 21,200 | $215.71 | $4,573,052.00 | | |
| 5/12/2017 | Jill Foss Watson | Major Shareholder | Sell | 12,220 | $215.77 | $2,636,709.40 | | |
| 5/10/2017 | Jill Foss Watson | Major Shareholder | Sell | 41,729 | $216.42 | $9,030,990.18 | | |
| 5/8/2017 | Jill Foss Watson | Major Shareholder | Sell | 21,980 | $215.43 | $4,735,151.40 | | |
| 5/5/2017 | Arthur L. Smith | Insider | Sell | 1,596 | $215.93 | $344,624.28 | | |
| 5/4/2017 | Jill Foss Watson | Major Shareholder | Sell | 28,699 | $216.20 | $6,204,723.80 | | |
| 5/3/2017 | Charles A. Pearce | Insider | Sell | 4,000 | $215.77 | $863,080.00 | | |
| 5/3/2017 | Steven M. Jones | President | Sell | 65,000 | $214.15 | $13,919,750.00 | | |
| 3/31/2017 | Jill Foss Watson | Major Shareholder | Sell | 200,000 | $198.00 | $39,600,000.00 | | |
| 3/21/2017 | Jill Foss Watson | Major Shareholder | Sell | 200,000 | $199.28 | $39,856,000.00 | | |
| 3/16/2017 | Jill Foss Watson | Major Shareholder | Sell | 20,878 | $203.91 | $4,257,232.98 | | |
| 3/15/2017 | Jill Foss Watson | Major Shareholder | Sell | 35,086 | $199.57 | $7,002,113.02 | | |
| 3/13/2017 | Jill Foss Watson | Major Shareholder | Sell | 18,043 | $197.78 | $3,568,544.54 | | |
| 3/9/2017 | Jill Foss Watson | Major Shareholder | Sell | 9,450 | $198.20 | $1,872,990.00 | | |
| 3/7/2017 | Jill Foss Watson | Major Shareholder | Sell | 16,543 | $198.44 | $3,282,792.92 | | |
| 2/7/2017 | Donald A Foss | Major Shareholder | Sell | 660,000 | $194.00 | $128,040,000.00 | 3,254,492 | |
| 12/30/2016 | Donald A Foss | Major Shareholder | Sell | 404 | $220.20 | $88,960.80 | 3,914,796 | |
| 12/27/2016 | Donald A Foss | Chairman | Sell | 405 | $220.17 | $89,168.85 | 3,915,101 | |
| 9/26/2016 | Jill Foss Watson | Major Shareholder | Sell | 240,000 | $197.50 | $47,400,000.00 | | |
| 8/30/2016 | Jill Foss Watson | Major Shareholder | Sell | 9,995 | $200.91 | $2,008,095.45 | | |
| 8/29/2016 | Jill Foss Watson | Major Shareholder | Sell | 35,211 | $205.18 | $7,224,592.98 | | |
| 8/26/2016 | Jill Foss Watson | Major Shareholder | Sell | 27,626 | $200.94 | $5,551,168.44 | | |
| 8/24/2016 | Jill Foss Watson | Major Shareholder | Sell | 17,761 | $202.36 | $3,594,115.96 | | |
| 8/23/2016 | Jill Foss Watson | Major Shareholder | Sell | 13,111 | $201.54 | $2,642,390.94 | | |
| 8/17/2016 | Jill Foss Watson | Major Shareholder | Sell | 12,984 | $201.23 | $2,612,770.32 | | |
| 8/16/2016 | Jill Foss Watson | Major Shareholder | Sell | 41,869 | $204.30 | $8,553,836.70 | | |
| 8/15/2016 | Jill Foss Watson | Major Shareholder | Sell | 43,196 | $202.97 | $8,767,492.12 | | |
| 8/12/2016 | Jill Foss Watson | Major Shareholder | Sell | 48,247 | $200.66 | $9,681,243.02 | | |
| 6/17/2016 | Allan Victor Apple | Major Shareholder | Buy | 100 | $166.05 | $16,605.00 | 200 | |
| 4/26/2016 | Jill Foss Watson | Major Shareholder | Sell | 15,000 | $201.29 | $3,019,350.00 | | |
| 3/10/2016 | Donald A Foss | Major Shareholder | Sell | 400 | $220.11 | $88,044.00 | 3,918,444 | |
| 12/1/2015 | Thomas W Smith | Insider | Buy | 1,000 | $202.39 | $202,390.00 | | |
| 11/20/2015 | Thomas W Smith | Insider | Buy | 8,000 | $170.34 | $1,362,720.00 | | |
| 11/19/2015 | Kenneth Booth | CFO | Buy | 5,000 | $164.80 | $824,000.00 | 29,406 | |
| 5/11/2015 | Brett A Roberts | CEO | Sell | 7,930 | $229.33 | $1,818,586.90 | | |
| 2/24/2015 | Douglas W Busk | VP | Sell | 1,575 | $179.48 | $282,681.00 | | |
| 2/23/2015 | John S Soave | Insider | Sell | 1,000 | $175.00 | $175,000.00 | | |
| 2/18/2015 | Kenneth Booth | CFO | Sell | 2,000 | $172.56 | $345,120.00 | | |
| 11/6/2014 | Brett A Roberts | CEO | Sell | 5,000 | $151.67 | $758,350.00 | | |
| 11/5/2014 | Brett A Roberts | CEO | Sell | 5,000 | $148.79 | $743,950.00 | | |
| 10/24/2014 | Jill Foss Watson | Major Shareholder | Sell | 279,577 | $125.54 | $35,098,096.58 | | |
| 10/23/2014 | Donald A Foss | Major Shareholder | Sell | 430,967 | $125.54 | $54,103,597.18 | | |
| 9/2/2014 | Brett A Roberts | CEO | Sell | 5,000 | $123.10 | $615,500.00 | | |
| 8/1/2014 | Kenneth Booth | CFO | Buy | 2,000 | $113.25 | $226,500.00 | | |
| 6/20/2014 | Jill Foss Watson | Major Shareholder | Sell | 536,180 | $125.58 | $67,333,484.40 | | |
| 4/1/2014 | Jill Foss Watson | major shareholder | Sell | 318,580 | $133.35 | $42,482,643.00 | | |
| 3/7/2014 | Glenda Flanagan | Director | Sell | 4,800 | $146.26 | $702,048.00 | 37,233 | |
| 2/6/2014 | Glenda Flanagan | Director | Sell | 2,079 | $130.89 | $272,120.31 | 11,125 | |
| 11/5/2013 | Kenneth Booth | CFO | Sell | 2,000 | $122.13 | $244,260.00 | | |
| 8/8/2013 | Brett Roberts | CEO | Sell | 4,000 | $114.31 | $457,240.00 | 330,101 | |
| 8/2/2013 | Kenneth Booth | CFO | Sell | 2,805 | $112.95 | $316,824.75 | | |
| 8/1/2013 | Kenneth Booth | CFO | Sell | 3,163 | $112.87 | $357,007.81 | | |
| 6/28/2013 | Glenda J Flanagan | Director | Sell | 5,000 | $107.11 | $535,550.00 | | |
| 6/19/2013 | Glenda J Flanagan | Director | Sell | 5,700 | $109.69 | $625,233.00 | | |
| 6/18/2013 | Glenda J Flanagan | Director | Sell | 9,300 | $110.29 | $1,025,697.00 | | |
| 12/26/2012 | Prescott General Partners Llc | Insider | Sell | 20,000 | $99.44 | $1,988,800.00 | | |
| 11/5/2012 | Kenneth Booth | CFO | Buy | 2,038 | $82.15 | $167,421.70 | | |
| 9/5/2012 | Donald A Foss | Major Shareholder | Sell | 240,000 | $91.02 | $21,844,800.00 | | |
(Data available from 1/1/2013 forward)
Credit Acceptance (NASDAQ CACC) News Headlines
| Source: |
|
Credit Acceptance (NASDAQ:CACC) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Credit Acceptance (NASDAQ:CACC) Income Statement, Balance Sheet and Cash Flow Statement
Credit Acceptance (NASDAQ CACC) Stock Chart for Saturday, May, 26, 2018
Loading chart…
