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NASDAQ:CACCCredit Acceptance Stock Price, Forecast & News

$420.40
+1.39 (+0.33 %)
(As of 07/2/2020 04:00 PM ET)
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Today's Range
$410.05
Now: $420.40
$430.37
50-Day Range
$303.83
MA: $398.00
$483.26
52-Week Range
$199.00
Now: $420.40
$499.61
Volume142,200 shs
Average Volume234,459 shs
Market Capitalization$7.42 billion
P/E Ratio19.64
Dividend YieldN/A
Beta1.29
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. The company was founded in 1972 and is headquartered in Southfield, Michigan.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.7Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.71 out of 5 stars


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$1.49 billion
Cash Flow$36.21 per share
Book Value$125.30 per share

Profitability

Net Income$656.10 million

Miscellaneous

Employees2,016
Market Cap$7.42 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Credit Acceptance (NASDAQ:CACC) Frequently Asked Questions

How has Credit Acceptance's stock been impacted by COVID-19 (Coronavirus)?

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 shares have increased by 2.6% and is now trading at $420.40. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Credit Acceptance?

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.

When is Credit Acceptance's next earnings date?

Credit Acceptance is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Credit Acceptance.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Corp. (NASDAQ:CACC) announced its quarterly earnings data on Wednesday, May, 27th. The credit services provider reported ($4.61) earnings per share for the quarter, missing the consensus estimate of $3.82 by $8.43. The credit services provider earned $389.10 million during the quarter, compared to the consensus estimate of $412.56 million. Credit Acceptance had a net margin of 26.76% and a return on equity of 30.52%. Credit Acceptance's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.08 EPS. View Credit Acceptance's earnings history.

What price target have analysts set for CACC?

6 brokers have issued 1 year price objectives for Credit Acceptance's shares. Their forecasts range from $150.00 to $390.00. On average, they expect Credit Acceptance's share price to reach $241.40 in the next year. This suggests that the stock has a possible downside of 42.6%. View analysts' price targets for Credit Acceptance.

Has Credit Acceptance been receiving favorable news coverage?

Headlines about CACC stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative 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 negative five to five, with scores closest to five being the most favorable. Credit Acceptance earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the credit services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Credit Acceptance.

Are investors shorting Credit Acceptance?

Credit Acceptance saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,840,000 shares, a drop of 5.6% from the May 31st total of 3,010,000 shares. Based on an average trading volume of 341,400 shares, the short-interest ratio is presently 8.3 days. Approximately 24.8% of the shares of the company are short sold. View Credit Acceptance's Current Options Chain.

Who are some of Credit Acceptance's key competitors?

What other stocks do shareholders of Credit Acceptance own?

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).

Who are Credit Acceptance's key executives?

Credit Acceptance's management team includes the following 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. Daniel A. Ulatowski, Chief Sales Officer (Age 47)
  • Mr. Arthur L. Smith, Chief Analytics Officer (Age 46)

What is Credit Acceptance's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Credit Acceptance's stock price today?

One share of CACC stock can currently be purchased for approximately $420.40.

How big of a company is Credit Acceptance?

Credit Acceptance has a market capitalization of $7.42 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.

What is Credit Acceptance's official website?

The official website for Credit Acceptance is 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]

This page was last updated on 7/3/2020 by MarketBeat.com Staff

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