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

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$429.12 +7.38 (+1.75 %)
(As of 01/22/2019 08:06 AM ET)
Previous Close$421.74
Today's Range$418.20 - $437.11
52-Week Range$297.63 - $467.26
Volume116,692 shs
Average Volume100,850 shs
Market Capitalization$8.29 billion
P/E Ratio20.99
Dividend YieldN/A
Beta0.59
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.

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Industry, Sector and Symbol

Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
Current SymbolNASDAQ:CACC
CUSIP22531010
Phone248-353-2700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.11 billion
Cash Flow$21.5530 per share
Book Value$79.53 per share

Profitability

Net Income$470.20 million

Miscellaneous

Employees1,817
Market Cap$8.29 billion
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 declared that its Board of Directors has approved a share buyback program on Thursday, April 6th 2017, which authorizes the company to repurchase 1,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Corp. (NASDAQ:CACC) announced its quarterly earnings data on Monday, October, 29th. The credit services provider reported $7.75 earnings per share for the quarter, beating analysts' consensus estimates of $6.90 by $0.85. The credit services provider had revenue of $332 million for the quarter, compared to the consensus estimate of $327.45 million. Credit Acceptance had a return on equity of 28.83% and a net margin of 48.70%. The business's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.43 EPS. View Credit Acceptance's Earnings History.

When is Credit Acceptance's next earnings date?

Credit Acceptance is scheduled to release their next quarterly earnings announcement on Tuesday, January 29th 2019. View Earnings Estimates for Credit Acceptance.

What price target have analysts set for CACC?

6 equities research analysts have issued 12 month target prices for Credit Acceptance's stock. Their predictions range from $333.00 to $420.00. On average, they anticipate Credit Acceptance's share price to reach $365.00 in the next year. This suggests that the stock has a possible downside of 14.9%. View Analyst Price Targets for Credit Acceptance.

What is the consensus analysts' recommendation for Credit Acceptance?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating 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 headlines about CACC stock have trended very positive on Tuesday, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Credit Acceptance earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media headlines about the credit services provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Who are some of Credit Acceptance's key competitors?

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 number of of institutional and retail investors. Top institutional investors include JLB & Associates Inc. (0.02%), Nisa Investment Advisors LLC (0.02%), First Hawaiian Bank (0.00%), Virtu Financial LLC (0.00%) and Meeder Asset Management Inc. (0.00%). Company insiders that own Credit Acceptance stock include Arthur L Smith, Charles A Pearce, Donald A Foss, 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 Nisa Investment Advisors LLC. 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 purchased by a variety of institutional investors in the last quarter, including JLB & Associates Inc., First Hawaiian Bank, Meeder Asset Management Inc. and Virtu Financial LLC. 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 $429.12.

How big of a company is Credit Acceptance?

Credit Acceptance has a market capitalization of $8.29 billion and generates $1.11 billion in revenue each year. The credit services provider earns $470.20 million in net income (profit) each year or $20.44 on an earnings per share basis. Credit Acceptance employs 1,817 workers across the globe.

What is Credit Acceptance's official website?

The official website for Credit Acceptance is http://www.creditacceptance.com.

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)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  232 (Vote Outperform)
Underperform Votes:  420 (Vote Underperform)
Total Votes:  652
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.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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