NASDAQ:CACC Credit Acceptance Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Credit Acceptance Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $319.64 -10.04 (-3.05 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$317.93Now: $319.64▼$329.0850-Day Range$336.60MA: $440.79▼$524.4152-Week Range$199.00Now: $319.64▼$539.00Volume228,012 shsAverage Volume221,477 shsMarket Capitalization$5.64 billionP/E Ratio17.64Dividend YieldN/ABeta1.12 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 0.8 Analyst's Opinion Consensus RatingCredit Acceptance has received a consensus rating of Hold. The company's average rating score is 1.57, and is based on no buy ratings, 4 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $288.50, Credit Acceptance has a forecasted downside of 9.5% from its current price of $318.78.Amount of Analyst CoverageCredit Acceptance has only been the subject of 3 research reports in the past 90 days. Previous Next 1.9 Community Rank Outperform VotesCredit Acceptance has received 327 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCredit Acceptance has received 552 “underperform” votes. (Add your “underperform” vote.)Community SentimentCredit Acceptance has received 62.80% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldCredit Acceptance does not currently pay a dividend.Dividend GrowthCredit Acceptance does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Credit Acceptance insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,529,755.00 in company stock.Percentage Held by InsidersOnly 5.20% of the stock of Credit Acceptance is held by insiders.Percentage Held by Institutions72.23% of the stock of Credit Acceptance is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Credit Acceptance are expected to decrease by -10.27% in the coming year, from $34.46 to $30.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credit Acceptance is 17.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.96.Price to Earnings Ratio vs. SectorThe P/E ratio of Credit Acceptance is 17.59, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.51.Price to Book Value per Share RatioCredit Acceptance has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.8Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™0.86 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Personal credit institutions Sub-IndustryConsumer Finance SectorFinance Current SymbolNASDAQ:CACC Previous Symbol CUSIP22531010 CIK885550 Webwww.creditacceptance.com Phone248-353-2700Debt Debt-to-Equity Ratio2.25 Current Ratio21.20 Quick Ratio21.20Price-To-Earnings Trailing P/E Ratio17.64 Forward P/E Ratio9.28 P/E GrowthN/A Sales & Book Value Annual Sales$1.49 billion Price / Sales3.79 Cash Flow$33.68 per share Price / Cash Flow9.49 Book Value$125.30 per share Price / Book2.55Profitability EPS (Most Recent Fiscal Year)$34.70 Net Income$656.10 million Net Margins21.79% Return on Equity30.64% Return on Assets9.24%Miscellaneous Employees2,016 Outstanding Shares17,649,000Market Cap$5.64 billion Next Earnings Date11/6/2020 (Estimated) OptionableOptionable $319.64 -10.04 (-3.05 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive CACC News and Ratings via Email Sign-up to receive the latest news and ratings for CACC and its competitors with MarketBeat's FREE daily newsletter. Credit Acceptance (NASDAQ:CACC) Frequently Asked Questions How has Credit Acceptance's stock price been impacted by Coronavirus? Credit Acceptance's stock was trading at $409.93 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CACC shares have decreased by 21.5% and is now trading at $321.75. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of 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. When is Credit Acceptance's next earnings date? Credit Acceptance is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020. View our earnings forecast for Credit Acceptance. How were Credit Acceptance's earnings last quarter? Credit Acceptance Corp. (NASDAQ:CACC) released its earnings results on Thursday, July, 30th. The credit services provider reported $5.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $8.36 by $2.96. The credit services provider earned $406.30 million during the quarter, compared to the consensus estimate of $372.72 million. Credit Acceptance had a return on equity of 30.64% and a net margin of 21.79%. View Credit Acceptance's earnings history. What price target have analysts set for CACC? 7 equities research analysts have issued 1-year price objectives for Credit Acceptance's stock. Their forecasts range from $150.00 to $450.00. On average, they anticipate Credit Acceptance's share price to reach $288.50 in the next year. This suggests that the stock has a possible downside of 10.3%. View analysts' price targets for Credit Acceptance. Who are some of Credit Acceptance's key competitors? Some companies that are related to Credit Acceptance include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), SLM (SLM), Green Dot (GDOT), FirstCash (FCFS), Nelnet (NNI), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Nicholas Financial (NICK) and Asta Funding (ASFI). View all 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 Bank of America (BAC), Gilead Sciences (GILD), Netflix (NFLX), salesforce.com (CRM), NVIDIA (NVDA), Tesla (TSLA), AbbVie (ABBV), Alibaba Group (BABA), Costco Wholesale (COST) and Home Depot (HD). Who are Credit Acceptance's key executives? Credit Acceptance's management team includes the following people: Mr. Brett A. Roberts, CEO & Director (Age 53)Mr. Kenneth S. Booth, Chief Financial Officer (Age 52)Mr. Charles A. Pearce, Chief Legal Officer & Corp. Sec. (Age 55)Mr. Daniel A. Ulatowski, Chief Sales Officer (Age 47)Mr. Arthur L. Smith, Chief Analytics Officer (Age 46) 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 many different institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (6.98%), Vanguard Group Inc. (5.24%), Gobi Capital LLC (3.23%), Beck Mack & Oliver LLC (1.75%), Cantillon Capital Management LLC (1.66%) and Immersion Capital LLP (1.46%). Company insiders that own Credit Acceptance stock include Brett A Roberts, Charles A Pearce, Donald A Foss, Douglas W Busk, Glenda J Flanagan, Kenneth Booth, Prescott General Partners Llc and Scott J Vassalluzzo. 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 Vanguard Group Inc., AQR Capital Management LLC, Epoch Investment Partners Inc., Ingalls & Snyder LLC, Charles Schwab Investment Management Inc., WINTON GROUP Ltd, Marks Group Wealth Management Inc, and Bank of Montreal Can. 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, and Prescott General Partners Llc. View insider buying and selling activity 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 Principal Financial Group Inc., RV Capital GmbH, Gobi Capital LLC, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, Hound Partners LLC, Bank of America Corp DE, Global Endowment Management LP, and Immersion Capital LLP. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Credit Acceptance's stock price today? One share of CACC stock can currently be purchased for approximately $321.75. How big of a company is Credit Acceptance? Credit Acceptance has a market capitalization of $5.68 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. What is Credit Acceptance's official website? The official website for Credit Acceptance is 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] This page was last updated on 9/18/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
