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

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

Credit Acceptance Corp. (NASDAQ:CACC) issued its quarterly earnings results on Thursday, January, 30th. The credit services provider reported $9.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $8.85 by $0.37. The credit services provider earned $385.90 million during the quarter, compared to the consensus estimate of $385.34 million. The company's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.85 EPS. 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 12-month price targets for Credit Acceptance's shares. Their forecasts range from $340.00 to $495.00. On average, they expect Credit Acceptance's stock price to reach $427.40 in the next twelve months. This suggests that the stock has a possible downside of 2.2%. 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.

Headlines about CACC stock have trended somewhat positive this week, InfoTrie reports. The research group scores the sentiment of media coverage by analyzing 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 impact score of 2.0 on InfoTrie's scale. They also assigned media stories about the credit services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near 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 trading volume of 119,300 shares, the days-to-cover ratio is presently 10.1 days. Currently, 9.8% of the company's stock are short sold. View Credit Acceptance's Current Options Chain.

Some companies that are related to Credit Acceptance include American Express (AXP), FirstCash (FCFS), Asta Funding (ASFI), Capital One Financial (COF), Discover Financial Services (DFS), Encore Capital Group (ECPG), EZCORP (EZPW), Green Dot (GDOT), Nelnet (NNI), Nicholas Financial (NICK), Pra Group (PRAA), Regional Management (RM), SLM (SLM) and World Acceptance (WRLD).

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 many different of institutional and retail 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%), AQR Capital Management LLC (0.83%) and State Street Corp (0.72%). 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., Victory Capital Management Inc., Victory Capital Management Inc., First Trust Advisors LP, Schaller Investment Group Inc., AQR Capital Management LLC, Renaissance Technologies LLC and Goldman Sachs Group Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Beck Mack & Oliver LLC, Bank of America Corp DE, Schonfeld Strategic Advisors LLC, Laurion Capital Management LP, Marks Group Wealth Management Inc, Armstrong Henry H Associates Inc. and Bank of New York Mellon Corp. 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 $437.01.