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Credit Acceptance Stock Forecast, Price & News

+5.45 (+1.83 %)
(As of 09/25/2020 12:00 AM ET)
Today's Range
Now: $303.29
50-Day Range
MA: $414.45
52-Week Range
Now: $303.29
Volume102,790 shs
Average Volume221,512 shs
Market Capitalization$5.35 billion
P/E Ratio16.74
Dividend YieldN/A
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.8Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.99 out of 5 stars

Industry, Sector and Symbol

Industry Personal credit institutions
Sub-IndustryConsumer Finance
Current SymbolNASDAQ:CACC



Sales & Book Value

Annual Sales$1.49 billion
Cash Flow$35.85 per share
Book Value$125.30 per share


Net Income$656.10 million


Market Cap$5.35 billion
Next Earnings Date11/6/2020 (Estimated)
+5.45 (+1.83 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Credit Acceptance (NASDAQ:CACC) Frequently Asked Questions

How has Credit Acceptance's stock 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. Since then, CACC shares have decreased by 26.0% and is now trading at $303.29.
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) issued its quarterly earnings data 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 analysts' expectations of $372.72 million. Credit Acceptance had a net margin of 21.79% and a return on equity of 30.64%.
View Credit Acceptance's earnings history

What price target have analysts set for CACC?

7 Wall Street analysts have issued 12-month price targets for Credit Acceptance's shares. 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 twelve months. This suggests that the stock has a possible downside of 4.9%.
View analysts' price targets for Credit Acceptance

Are investors shorting Credit Acceptance?

Credit Acceptance saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,180,000 shares, an increase of 17.8% from the August 31st total of 1,850,000 shares. Based on an average daily trading volume, of 163,300 shares, the short-interest ratio is currently 13.3 days. Approximately 16.5% of the company's stock are sold short.
View Credit Acceptance's Short Interest

Who are some of Credit Acceptance's key 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 Gilead Sciences (GILD), Bank of America (BAC), Netflix (NFLX), salesforce.com (CRM), NVIDIA (NVDA), Tesla (TSLA), AbbVie (ABBV), Alibaba Group (BABA), Home Depot (HD) and Mercadolibre (MELI).

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 a number of retail and institutional 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 acquired 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 $303.29.

How big of a company is Credit Acceptance?

Credit Acceptance has a market capitalization of $5.35 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 9/26/2020 by MarketBeat.com Staff

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