Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. Credit Acceptance Corporation was founded in 1972 and is headquartered in Southfield, Michigan.
Industry, Sector and Symbol
Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
Phone248-353-2700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.29 billion
Profitability
Miscellaneous
Employees2,040
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable
Credit Acceptance (NASDAQ:CACC) Frequently Asked Questions
What is Credit Acceptance's stock symbol?
Credit Acceptance trades on the NASDAQ under the ticker symbol "CACC."
How will Credit Acceptance's stock buyback program work?
Credit Acceptance announced that its Board of Directors has approved a stock repurchase program on Thursday, April 6th 2017, which authorizes the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.
How were Credit Acceptance's earnings last quarter?
Credit Acceptance Corp. (NASDAQ:CACC) released its earnings results on Wednesday, January, 30th. The credit services provider reported $7.85 EPS for the quarter, beating the consensus estimate of $7.45 by $0.40. The credit services provider earned $342.80 million during the quarter, compared to analysts' expectations of $338.73 million. Credit Acceptance had a return on equity of 29.89% and a net margin of 44.64%. The company's revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $5.16 EPS. View Credit Acceptance's Earnings History.
When is Credit Acceptance's next earnings date?
What price target have analysts set for CACC?
7 equities research analysts have issued 12 month price targets for Credit Acceptance's shares. Their forecasts range from $335.00 to $420.00. On average, they expect Credit Acceptance's stock price to reach $369.5714 in the next twelve months. This suggests that the stock has a possible downside of 16.3%. View Analyst Price Targets for Credit Acceptance.
What is the consensus analysts' recommendation for Credit Acceptance?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 3 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Credit Acceptance.
Has Credit Acceptance been receiving favorable news coverage?
Media stories about CACC stock have been trending positive this week, according to InfoTrie. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Credit Acceptance earned a coverage optimism score of 2.7 on InfoTrie's scale. They also assigned news headlines about the credit services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
Who are some of Credit Acceptance's key competitors?
Some companies that are related to Credit Acceptance include Discover Financial Services (DFS), Santander Consumer USA (SC), SLM (SLM), OneMain (OMF), Nelnet (NNI), World Acceptance (WRLD), PROVIDENT FINL/S (FPLPY), Enova International (ENVA), Oaktree Specialty Lending (OCSL), Regional Management (RM), Atlanticus (ATLC), Mr. Amazing Loans (MRAL) and IEG (IEGH).
What other stocks do shareholders of Credit Acceptance own?
Who are Credit Acceptance's key executives?
Credit Acceptance's management team includes the folowing people:
- Mr. Brett A. Roberts, CEO & Director (Age 53)
- Mr. Kenneth S. Booth, Chief Financial Officer (Age 52)
- Mr. Charles A. Pearce, Chief Legal Officer & Corp. Sec. (Age 55)
- Mr. Arthur L. Smith, Chief Analytics Officer (Age 46)
- Mr. John S. Soave, Chief Information Officer (Age 54)
Who are Credit Acceptance's major shareholders?
Credit Acceptance's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Prescott General Partners LLC (11.27%), Abrams Bison Investments LLC (3.47%), BlackRock Inc. (2.63%), Cantillon Capital Management LLC (1.59%), Beck Mack & Oliver LLC (1.48%) and Hound Partners LLC (1.23%). Company insiders that own Credit Acceptance stock include Arthur L Smith, Charles A Pearce, Douglas W Busk, Jill Foss Watson, John S Soave, Kenneth Booth, Prescott General Partners Llc, Scott J Vassalluzzo, Steven M Jones and Thomas N Tryforos. View Institutional Ownership Trends for Credit Acceptance.
Which major investors are selling Credit Acceptance stock?
CACC stock was sold by a variety of institutional investors in the last quarter, including Abrams Bison Investments LLC, Prescott General Partners LLC, Hound Partners LLC, Mackay Shields LLC, PNC Financial Services Group Inc., First Trust Advisors LP, Schaller Investment Group Inc. and Bank of New York Mellon Corp. Company insiders that have sold Credit Acceptance company stock in the last year include Arthur L Smith, Charles A Pearce, Douglas W Busk, John S Soave, Kenneth Booth, Prescott General Partners Llc, Scott J Vassalluzzo and Thomas N Tryforos. View Insider Buying and Selling for Credit Acceptance.
Which major investors are buying Credit Acceptance stock?
CACC stock was bought by a variety of institutional investors in the last quarter, including RV Capital GmbH, Prescott Investors Profit Sharing Trust, Phoenician Capital LLC, BlackRock Inc., Parkwood LLC, Geode Capital Management LLC, Epoch Investment Partners Inc. and Kepos Capital LP. View Insider Buying and Selling for Credit Acceptance.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Credit Acceptance's stock price today?
One share of CACC stock can currently be purchased for approximately $441.54.
How big of a company is Credit Acceptance?
Credit Acceptance has a market capitalization of $8.29 billion and generates $1.29 billion in revenue each year. The credit services provider earns $574 million in net income (profit) each year or $28.39 on an earnings per share basis. Credit Acceptance employs 2,040 workers across the globe.
What is Credit Acceptance's official website?
How can I contact Credit Acceptance?
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]
MarketBeat Community Rating for Credit Acceptance (NASDAQ CACC)
MarketBeat's community ratings are surveys of what our community members think about Credit Acceptance and other stocks. Vote "Outperform" if you believe CACC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CACC will underperform the S&P 500 over the long term. You may vote once every thirty days.
