S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
The Coming Copper Bull Run (Ad)
BJ’s Wholesale Club Pops, Will Costco Be Next?
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Is Sanofi A Buy, Despite Recent Stumbles?
Is the US Military Secretly Under Chinese Control? (Ad)
Gas-powered muscle cars drive into the sunset, turn electric
Global markets lower after Wall Street gains on jobs data
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
The Coming Copper Bull Run (Ad)
BJ’s Wholesale Club Pops, Will Costco Be Next?
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Is Sanofi A Buy, Despite Recent Stumbles?
Is the US Military Secretly Under Chinese Control? (Ad)
Gas-powered muscle cars drive into the sunset, turn electric
Global markets lower after Wall Street gains on jobs data
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
The Coming Copper Bull Run (Ad)
BJ’s Wholesale Club Pops, Will Costco Be Next?
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Is Sanofi A Buy, Despite Recent Stumbles?
Is the US Military Secretly Under Chinese Control? (Ad)
Gas-powered muscle cars drive into the sunset, turn electric
Global markets lower after Wall Street gains on jobs data
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
The Coming Copper Bull Run (Ad)
BJ’s Wholesale Club Pops, Will Costco Be Next?
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Is Sanofi A Buy, Despite Recent Stumbles?
Is the US Military Secretly Under Chinese Control? (Ad)
Gas-powered muscle cars drive into the sunset, turn electric
Global markets lower after Wall Street gains on jobs data

Credit Acceptance - CACC Stock Forecast, Price & News

$603.60
+4.20 (+0.70%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$595.00
$614.81
50-Day Range
$460.68
$605.38
52-Week Range
$452.48
$703.27
Volume
52,318 shs
Average Volume
55,058 shs
Market Capitalization
$7.80 billion
P/E Ratio
11.33
Dividend Yield
N/A
Price Target
$435.50

Credit Acceptance MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
27.8% Downside
$435.50 Price Target
Short Interest
Bearish
13.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
1.54mentions of Credit Acceptance in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.24%
From $54.38 to $54.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.41 out of 5 stars

Finance Sector

877th out of 914 stocks

Personal Credit Institutions Industry

13th out of 13 stocks

CACC stock logo

About Credit Acceptance (NASDAQ:CACC) Stock

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. The company was founded in 1972 and is headquartered in Southfield, Michigan.

Credit Acceptance Stock Performance

Shares of Credit Acceptance stock traded up $9.31 during trading hours on Thursday, reaching $608.71. The company's stock had a trading volume of 2,050 shares, compared to its average volume of 54,759. The company's 50 day simple moving average is $524.31 and its 200 day simple moving average is $541.08. The company has a debt-to-equity ratio of 3.01, a quick ratio of 15.39 and a current ratio of 15.39. Credit Acceptance has a one year low of $452.48 and a one year high of $703.27. The stock has a market cap of $7.86 billion, a P/E ratio of 11.42 and a beta of 1.34.

Credit Acceptance (NASDAQ:CACC - Get Rating) last issued its quarterly earnings data on Monday, August 1st. The credit services provider reported $7.94 earnings per share for the quarter, missing the consensus estimate of $12.14 by ($4.20). The firm had revenue of $457.40 million during the quarter, compared to the consensus estimate of $454.77 million. Credit Acceptance had a net margin of 42.75% and a return on equity of 47.19%. The company's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $13.71 earnings per share. As a group, analysts expect that Credit Acceptance will post 54.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Credit Suisse Group decreased their price objective on shares of Credit Acceptance from $460.00 to $440.00 and set an "underperform" rating for the company in a report on Tuesday, August 2nd. StockNews.com lowered shares of Credit Acceptance from a "buy" rating to a "hold" rating in a report on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, Credit Acceptance presently has a consensus rating of "Hold" and an average target price of $435.50.

Receive CACC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Credit Acceptance and its competitors with MarketBeat's FREE daily newsletter.

CACC Stock News Headlines

Credit Acceptance's Earnings Outlook
Credit Acceptance(CACC)
Credit Acceptance Tops Q1 EPS by $1.57
See More Headlines
Receive CACC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Credit Acceptance and its competitors with MarketBeat's FREE daily newsletter.

CACC Company Calendar

Last Earnings
8/01/2022
Today
8/19/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
Current Symbol
NASDAQ:CACC
CUSIP
22531010
Employees
2,073
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$435.50
High Stock Price Forecast
$519.00
Low Stock Price Forecast
$355.00
Forecasted Upside/Downside
-27.8%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$958.30 million
Pretax Margin
56.51%

Debt

Sales & Book Value

Annual Sales
$1.86 billion
Cash Flow
$59.06 per share
Book Value
$117.64 per share

Miscellaneous

Free Float
12,521,000
Market Cap
$7.80 billion
Optionable
Optionable
Beta
1.34

Social Links


Key Executives

  • Mr. Kenneth S. BoothMr. Kenneth S. Booth (Age 55)
    CEO, Pres & Director
    Comp: $902.71k
  • Mr. Daniel A. UlatowskiMr. Daniel A. Ulatowski (Age 50)
    Chief Sales Officer
    Comp: $710.71k
  • Mr. Arthur L. SmithMr. Arthur L. Smith (Age 49)
    Chief Analytics Officer
    Comp: $710.71k
  • Mr. Douglas W. BuskMr. Douglas W. Busk (Age 62)
    Chief Treasury Officer
    Comp: $661.44k
  • Mr. Jonathan L. LumMr. Jonathan L. Lum (Age 45)
    Chief Operating Officer
  • Mr. Jay D. Martin (Age 48)
    Sr. VP of Accounting & Financial Reporting and Principal Accounting Officer
  • Mr. Noah Kotch (Age 52)
    Chief Information Officer
  • Ms. Erin J. Kerber (Age 43)
    Chief Legal Officer & Corp. Sec.
  • Mr. Andrew Rostami
    Chief Marketing & Product Officer
  • Ms. Wendy A. Rummler (Age 45)
    Sr. VP of HR













CACC Stock - Frequently Asked Questions

Should I buy or sell Credit Acceptance stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CACC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CACC, but not buy additional shares or sell existing shares.
View CACC analyst ratings
or view top-rated stocks.

What is Credit Acceptance's stock price forecast for 2022?

4 brokers have issued 12 month target prices for Credit Acceptance's stock. Their CACC share price forecasts range from $355.00 to $519.00. On average, they anticipate the company's share price to reach $435.50 in the next twelve months. This suggests that the stock has a possible downside of 27.8%.
View analysts price targets for CACC
or view top-rated stocks among Wall Street analysts.

How have CACC shares performed in 2022?

Credit Acceptance's stock was trading at $687.68 at the start of the year. Since then, CACC shares have decreased by 12.2% and is now trading at $603.60.
View the best growth stocks for 2022 here
.

When is Credit Acceptance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our CACC earnings forecast
.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Co. (NASDAQ:CACC) posted its earnings results on Monday, August, 1st. The credit services provider reported $7.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.14 by $4.20. The credit services provider earned $457.40 million during the quarter, compared to analysts' expectations of $454.77 million. Credit Acceptance had a trailing twelve-month return on equity of 47.19% and a net margin of 42.75%. The company's revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $13.71 earnings per share.

What is Kenneth S. Booth's approval rating as Credit Acceptance's CEO?

66 employees have rated Credit Acceptance Chief Executive Officer Kenneth S. Booth on Glassdoor.com. Kenneth S. Booth has an approval rating of 87% among the company's employees. 78.0% of employees surveyed would recommend working at Credit Acceptance to a friend.

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 Bank of America (BAC), Gilead Sciences (GILD), Netflix (NFLX), Salesforce (CRM), Home Depot (HD), NVIDIA (NVDA), AT&T (T), Tesla (TSLA), AbbVie (ABBV) and Alibaba Group (BABA).

What is Credit Acceptance's stock symbol?

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

Who are Credit Acceptance's major shareholders?

Credit Acceptance's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (2.32%), Cantillon Capital Management LLC (1.94%), Kize Capital LP (1.26%), State Street Corp (0.95%), BloombergSen Inc. (0.64%) and Caption Management LLC (0.00%). Insiders that own company stock include Arthur L Smith, Brett A Roberts, Charles A Pearce, Daniel A Ulatowski, Daniel A Ulatowski, Donald A Foss, Douglas W Busk, Douglas W Busk, Glenda J Flanagan, Jill Foss Watson, Jonathan Lum, Kenneth Booth, Prescott General Partners Llc, Thomas N Tryforos and Thomas W Smith.
View institutional ownership trends
.

How do I buy shares of Credit Acceptance?

Shares of CACC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Credit Acceptance's stock price today?

One share of CACC stock can currently be purchased for approximately $603.60.

How much money does Credit Acceptance make?

Credit Acceptance (NASDAQ:CACC) has a market capitalization of $7.80 billion and generates $1.86 billion in revenue each year. The credit services provider earns $958.30 million in net income (profit) each year or $53.27 on an earnings per share basis.

How many employees does Credit Acceptance have?

The company employs 2,073 workers across the globe.

When was Credit Acceptance founded?

Credit Acceptance was founded in 1972.

How can I contact Credit Acceptance?

Credit Acceptance's mailing address is 25505 W. Twelve Mile Road, Southfield MI, 48034. The official website for the company is www.creditacceptance.com. The credit services provider can be reached via phone at (248) 353-2700, via email at ir@creditacceptance.com, or via fax at 248-353-9776.

This page (NASDAQ:CACC) was last updated on 8/19/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.