Credit Acceptance - CACC Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last twelve months. There are currently 1 sell rating 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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3 Wall Street research analysts have issued 12 month price objectives for Credit Acceptance's shares. Their CACC share price forecasts range from $380.00 to $442.00. On average, they anticipate the company's share price to reach $410.67 in the next year. This suggests that the stock has a possible downside of 0.6%.
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Credit Acceptance's stock was trading at $474.40 at the beginning of the year. Since then, CACC shares have decreased by 12.9% and is now trading at $413.25.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our CACC earnings forecast.

Credit Acceptance Co. (NASDAQ:CACC) issued its quarterly earnings results on Tuesday, January, 31st. The credit services provider reported $11.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.28 by $2.46. The credit services provider had revenue of $459 million for the quarter, compared to analyst estimates of $452.89 million. Credit Acceptance had a net margin of 29.24% and a trailing twelve-month return on equity of 45.27%. Credit Acceptance's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $14.26 EPS.

ETFs with the largest weight of Credit Acceptance (NASDAQ:CACC) stock in their portfolio include SRH U.S. Quality ETF (SRHQ), Harbor Corporate Culture Leaders ETF (HAPY), First Trust Financial AlphaDEX Fund (FXO), LeaderShares AlphaFactor US Core Equity ETF (LSAF), WisdomTree U.S. Value Fund (WTV), WisdomTree U.S. Quality Shareholder Yield Fund (QSY), US Value ETF (USVT) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

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 many different institutional and retail investors. Top institutional investors include Ruane Cunniff & Goldfarb L.P. (6.18%), Beck Mack & Oliver LLC (2.49%), Principal Financial Group Inc. (2.18%), Cantillon Capital Management LLC (1.91%), Smead Capital Management Inc. (1.43%) and BloombergSen Inc. (1.35%). Insiders that own company stock include Arthur L Smith, Daniel A Ulatowski, Daniel A Ulatowski, Donald A Foss, Douglas W Busk, Glenda J Flanagan, Jill Foss Watson, Jonathan Lum, Kenneth Booth, Prescott General Partners Llc, Thomas N Tryforos, Thomas W Smith and Wendy A Rummler.
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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 $413.25.

Credit Acceptance (NASDAQ:CACC) has a market capitalization of $5.30 billion and generates $1.83 billion in revenue each year. The credit services provider earns $535.80 million in net income (profit) each year or $38.95 on an earnings per share basis.

The company employs 2,246 workers across the globe.

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.