Credit Acceptance - CACC Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CACC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CACC, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 1 year price targets for Credit Acceptance's shares. Their CACC share price forecasts range from $364.00 to $442.00. On average, they expect the company's stock price to reach $405.33 in the next year. This suggests that the stock has a possible downside of 12.4%.
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Credit Acceptance's stock was trading at $474.40 at the beginning of the year. Since then, CACC stock has decreased by 2.5% and is now trading at $462.64.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 31st 2023.
View our CACC earnings forecast.

Credit Acceptance Co. (NASDAQ:CACC) issued its quarterly earnings results on Monday, November, 1st. The credit services provider reported $15.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $13.45 by $2.34. The credit services provider had revenue of $470.10 million for the quarter, compared to analyst estimates of $461.37 million. Credit Acceptance had a net margin of 34.09% and a trailing twelve-month return on equity of 47.34%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $9.36 earnings per share.

66 employees have rated Credit Acceptance Chief Executive Officer Kenneth S. Booth on Glassdoor.com. Kenneth S. Booth has an approval rating of 87% among the company's employees. 78.0% of employees surveyed would recommend working at Credit Acceptance to a friend.

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 (CRM), Home Depot (HD), NVIDIA (NVDA), AT&T (T), Tesla (TSLA), AbbVie (ABBV) and Alibaba Group (BABA).

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

Credit Acceptance's stock is owned by many different retail and institutional investors. Top institutional investors include Ingalls & Snyder LLC (0.27%), New York State Common Retirement Fund (0.09%), Mraz Amerine & Associates Inc. (0.07%), JLB & Associates Inc. (0.05%), Dupont Capital Management Corp (0.02%) and Citadel Investment Advisory Inc. (0.01%). Insiders that own company stock include Arthur L Smith, Charles A Pearce, Daniel A Ulatowski, Daniel A Ulatowski, Donald A Foss, Douglas W Busk, Douglas W Busk, Glenda J Flanagan, Jill Foss Watson, Jonathan Lum, Kenneth Booth, Prescott General Partners Llc, Thomas N Tryforos and Thomas W Smith.
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Shares of CACC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CACC stock can currently be purchased for approximately $462.64.

Credit Acceptance (NASDAQ:CACC) has a market capitalization of $5.98 billion and generates $1.86 billion in revenue each year. The credit services provider earns $958.30 million in net income (profit) each year or $43.97 on an earnings per share basis.

The company employs 2,073 workers across the globe.

Credit Acceptance's mailing address is 25505 W. Twelve Mile Road, Southfield MI, 48034. The official website for the company is www.creditacceptance.com. The credit services provider can be reached via phone at (248) 353-2700, via email at ir@creditacceptance.com, or via fax at 248-353-9776.