Credit Acceptance Stock Forecast, Price & News

Credit Acceptance's stock was trading at $409.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CACC shares have decreased by 20.7% and is now trading at $325.19.
View which stocks have been most impacted by COVID-19.

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. The consensus among Wall Street analysts is that investors should "hold" Credit Acceptance stock. 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.
View analyst ratings for Credit Acceptance or view MarketBeat's top 5 stock picks.

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284 employees have rated Credit Acceptance CEO Brett A. Roberts on Glassdoor.com. Brett A. Roberts has an approval rating of 87% among Credit Acceptance's employees.

Credit Acceptance is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Credit Acceptance.

Credit Acceptance Co. (NASDAQ:CACC) released its quarterly earnings results on Tuesday, November, 3rd. The credit services provider reported $13.56 earnings per share for the quarter, beating the consensus estimate of $5.69 by $7.87. The credit services provider had revenue of $426.60 million for the quarter, compared to the consensus estimate of $415.56 million. Credit Acceptance had a trailing twelve-month return on equity of 30.84% and a net margin of 25.91%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business posted $8.89 earnings per share.
View Credit Acceptance's earnings history.

6 brokers have issued 12-month price objectives for Credit Acceptance's stock. Their forecasts range from $150.00 to $450.00. On average, they expect Credit Acceptance's share price to reach $288.50 in the next year. This suggests that the stock has a possible downside of 11.3%.
View analysts' price targets for Credit Acceptance or view Wall Street analyst' top-rated stocks.

Some companies that are related to Credit Acceptance include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), SLM (SLM), Green Dot (GDOT), Nelnet (NNI), PRA Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), Regional Management (RM), EZCORP (EZPW) and Nicholas Financial (NICK).
View all of CACC's 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), The 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 institutional and retail investors. Top institutional investors include Coastal Investment Advisors Inc. (0.00%). Company insiders that own Credit Acceptance stock include Brett A Roberts, Charles A Pearce, Donald A Foss, Douglas W Busk, Glenda J Flanagan, Kenneth Booth and Prescott General Partners Llc.
View institutional ownership trends for Credit Acceptance.

CACC stock was sold by a variety of institutional investors in the last quarter, including Coastal Investment Advisors Inc.. Company insiders that have sold Credit Acceptance company stock in the last year include 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 or view top insider-selling stocks.

Shares of CACC 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.

One share of CACC stock can currently be purchased for approximately $325.19.

Credit Acceptance has a market capitalization of $5.74 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]