Credit Acceptance - CACC Stock Forecast, Price & News

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

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.

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.

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).

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

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

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.

The company employs 2,073 workers across the globe.

Credit Acceptance was founded in 1972.

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.