NASDAQ:CACCCredit Acceptance Stock Price, Forecast & News

Credit Acceptance's stock was trading at $409.93 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CACC stock has increased by 4.2% and is now trading at $427.28. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 4 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Credit Acceptance.

Credit Acceptance is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Credit Acceptance.

Credit Acceptance Corp. (NASDAQ:CACC) released its quarterly earnings data on Wednesday, May, 27th. The credit services provider reported ($4.61) EPS for the quarter, missing analysts' consensus estimates of $3.82 by $8.43. The credit services provider had revenue of $389.10 million for the quarter, compared to analysts' expectations of $412.56 million. Credit Acceptance had a net margin of 26.76% and a return on equity of 30.52%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.08 EPS. View Credit Acceptance's earnings history.

6 brokers have issued twelve-month price targets for Credit Acceptance's shares. Their forecasts range from $150.00 to $390.00. On average, they anticipate Credit Acceptance's stock price to reach $241.40 in the next twelve months. This suggests that the stock has a possible downside of 43.5%. View analysts' price targets for Credit Acceptance.

Headlines about CACC stock have been trending neutral recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Credit Acceptance earned a news impact score of 0.4 on InfoTrie's scale. They also gave media coverage about the credit services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Credit Acceptance.

Credit Acceptance saw a drop in short interest in June. As of June 30th, there was short interest totaling 2,500,000 shares, a drop of 12.0% from the June 15th total of 2,840,000 shares. Based on an average daily trading volume, of 306,500 shares, the days-to-cover ratio is currently 8.2 days. Approximately 18.9% of the shares of the company are sold short. View Credit Acceptance's Current Options Chain.

Some companies that are related to Credit Acceptance include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), FirstCash (FCFS), Green Dot (GDOT), SLM (SLM), 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.

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), Home Depot (HD), AT&T (T), Tesla (TSLA), Alibaba Group (BABA), IBM (IBM) and Exxon Mobil (XOM).

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

Credit Acceptance's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.02%). Company insiders that own Credit Acceptance stock include Arthur L Smith, Brett A Roberts, Charles A Pearce, Donald A Foss, Douglas W Busk, Glenda J Flanagan, Kenneth Booth, Prescott General Partners Llc, Scott J Vassalluzzo and Thomas N Tryforos. View institutional ownership trends for Credit Acceptance.

CACC stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity 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 $427.28.

Credit Acceptance has a market capitalization of $7.54 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.

The official website for Credit Acceptance is www.creditacceptance.com.

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]