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

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

Credit Acceptance Corp. (NASDAQ:CACC) announced its earnings results on Thursday, January, 30th. The credit services provider reported $9.22 earnings per share for the quarter, beating the consensus estimate of $8.85 by $0.37. The credit services provider had revenue of $385.90 million for the quarter, compared to the consensus estimate of $385.34 million. Credit Acceptance had a return on equity of 29.25% and a net margin of 44.06%. The firm'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 earned $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 brokerages have issued twelve-month target prices for Credit Acceptance's stock. Their forecasts range from $340.00 to $495.00. On average, they anticipate Credit Acceptance's stock price to reach $427.40 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price. 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.

News articles about CACC stock have trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. 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 daily sentiment score of -1.9 on InfoTrie's scale. They also assigned media headlines about the credit services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. 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 daily trading volume, of 119,300 shares, the short-interest ratio is currently 10.1 days. Currently, 9.8% of the company's shares 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), SLM (SLM), FirstCash (FCFS), Nelnet (NNI), Green Dot (GDOT), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), Regional Management (RM), EZCORP (EZPW), Nicholas Financial (NICK) and Asta Funding (ASFI).

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 shareholders include Principal Financial Group Inc. (2.89%), Gobi Capital LLC (1.73%), Beck Mack & Oliver LLC (1.61%), Cantillon Capital Management LLC (1.54%), Geode Capital Management LLC (1.06%) and AQR Capital Management LLC (0.83%). 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., AXA, Victory Capital Management Inc., Victory Capital Management Inc., First Trust Advisors LP, Schaller Investment Group Inc., AQR Capital Management LLC and Renaissance Technologies LLC. 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 bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., LMR Partners LLP, Beck Mack & Oliver LLC, Bank of America Corp DE, Janus Henderson Group PLC, Geode Capital Management LLC, Schonfeld Strategic Advisors LLC and Laurion Capital Management LP. 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 $403.20.

Credit Acceptance has a market capitalization of $7.32 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.View Additional Information About Credit Acceptance.

The official website for Credit Acceptance is http://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]