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

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

Credit Acceptance Corp. (NASDAQ:CACC) posted its earnings results on Thursday, January, 30th. The credit services provider reported $9.22 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $8.85 by $0.37. The credit services provider earned $385.90 million during the quarter, compared to analysts' expectations of $385.34 million. Credit Acceptance had a net margin of 44.06% and a return on equity of 29.25%. The company's revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $7.85 earnings per share. View Credit Acceptance's Earnings History.

Credit Acceptance is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Credit Acceptance.

6 Wall Street analysts have issued twelve-month price targets for Credit Acceptance's stock. Their forecasts range from $340.00 to $495.00. On average, they expect Credit Acceptance's share price to reach $427.40 in the next year. This suggests a possible upside of 0.7% from the stock's current price. View Analyst Price Targets for Credit Acceptance.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 3 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Credit Acceptance.

News headlines about CACC stock have trended neutral recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Credit Acceptance earned a news sentiment score of 0.4 on InfoTrie's scale. They also assigned news coverage about the credit services provider a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Credit Acceptance.

Credit Acceptance saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,210,000 shares, an increase of 14.2% from the January 15th total of 1,060,000 shares. Based on an average daily trading volume, of 119,300 shares, the days-to-cover ratio is currently 10.1 days. Approximately 9.8% of the shares of the stock 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), Regional Management (RM), EZCORP (EZPW), 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), NVIDIA (NVDA), salesforce.com (CRM), Mastercard (MA), Exxon Mobil (XOM), Gilead Sciences (GILD), Mercadolibre (MELI), Tesla (TSLA) and Alibaba Group (BABA).

Credit Acceptance's stock is owned by a number of of retail and institutional 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, Douglas W Busk, Glenda J Flanagan, John S Soave, 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 PNC Financial Services Group Inc., AXA, Victory Capital Management Inc., Victory Capital Management Inc., First Trust Advisors LP, Schaller Investment Group Inc., AQR Capital Management LLC and Renaissance Technologies LLC. Company insiders that have sold Credit Acceptance company stock in the last year include Brett A Roberts, Charles A Pearce, Douglas W Busk, Glenda J Flanagan, Kenneth Booth and Prescott General Partners Llc. View Insider Buying and Selling for Credit Acceptance.

CACC stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., LMR Partners LLP, Beck Mack & Oliver LLC, Bank of America Corp DE, Janus Henderson Group PLC, Geode Capital Management LLC, Schonfeld Strategic Advisors LLC and Laurion Capital Management LP. View Insider Buying and Selling 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 $424.26.

Credit Acceptance has a market capitalization of $7.70 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]