NASDAQ:CACCCredit Acceptance Stock Price, Forecast & News

Credit Acceptance's stock was trading at $409.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CACC stock has decreased by 9.8% and is now trading at $369.82. 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) announced its quarterly earnings results on Wednesday, May, 27th. The credit services provider reported ($4.61) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate 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 firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.08 earnings per share. View Credit Acceptance's earnings history.

6 brokerages have issued 1-year target prices for Credit Acceptance's shares. Their forecasts range from $150.00 to $390.00. On average, they expect Credit Acceptance's stock price to reach $241.40 in the next year. This suggests that the stock has a possible downside of 34.7%. View analysts' price targets for Credit Acceptance.

Headlines about CACC stock have been trending very negative recently, according to InfoTrie. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Credit Acceptance earned a media sentiment score of -3.5 on InfoTrie's scale. They also gave media coverage about the credit services provider a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutCredit Acceptance.

Credit Acceptance saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,990,000 shares, an increase of 10.7% from the April 30th total of 2,700,000 shares. Based on an average trading volume of 291,700 shares, the short-interest ratio is presently 10.3 days. Currently, 25.1% 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), SLM (SLM), Nelnet (NNI), Green Dot (GDOT), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Asta Funding (ASFI) and Nicholas Financial (NICK). 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 many different institutional and retail investors. Top institutional shareholders include Prescott General Partners LLC (9.60%), Principal Financial Group Inc. (4.84%), Wellington Management Group LLP (3.91%), BlackRock Inc. (2.80%), BloombergSen Inc. (2.65%) and Beck Mack & Oliver LLC (1.68%). 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 sold by a variety of institutional investors in the last quarter, including Prescott General Partners LLC, Nuveen Asset Management LLC, AQR Capital Management LLC, BloombergSen Inc., BlackRock Inc., Janus Henderson Group PLC, Grantham Mayo Van Otterloo & Co. LLC, and JPMorgan Chase & Co.. 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.

CACC stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Immersion Capital LLP, Wellington Management Group LLP, Smead Capital Management Inc., Quantum Capital Management LLC NJ, RV Capital GmbH, APG Asset Management N.V., and APG Asset Management N.V.. 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 $369.82.

Credit Acceptance has a market capitalization of $6.71 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]