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

Sign in or create an account to add this stock to your watchlist.
$435.6750 -2.40 (-0.55 %)
(As of 02/22/2019 10:31 AM ET)
Previous Close$438.08
Today's Range$432.96 - $439.17
52-Week Range$299.00 - $467.26
Volume9,312 shs
Average Volume102,879 shs
Market Capitalization$8.18 billion
P/E Ratio15.35
Dividend YieldN/A
Beta0.62
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.

Receive CACC News and Ratings via Email

Sign-up to receive the latest news and ratings for CACC and its competitors with MarketBeat's FREE daily newsletter.

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$1.29 billion
Cash Flow$29.3582 per share
Book Value$106.01 per share

Profitability

Net Income$574 million

Miscellaneous

Employees2,040
Market Cap$8.18 billion
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 has initiated a stock buyback plan on Thursday, April 6th 2017, which permits the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Corp. (NASDAQ:CACC) released its quarterly earnings data on Wednesday, January, 30th. The credit services provider reported $7.85 earnings per share for the quarter, beating analysts' consensus estimates of $7.45 by $0.40. The credit services provider earned $342.80 million during the quarter, compared to analyst estimates of $338.73 million. Credit Acceptance had a net margin of 44.64% and a return on equity of 29.89%. The firm's revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.16 earnings per share. 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 Thursday, May 2nd 2019. View Earnings Estimates for Credit Acceptance.

What price target have analysts set for CACC?

7 Wall Street analysts have issued twelve-month target prices for Credit Acceptance's shares. Their forecasts range from $335.00 to $420.00. On average, they anticipate Credit Acceptance's stock price to reach $369.5714 in the next year. This suggests that the stock has a possible downside of 15.2%. 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?

Press coverage about CACC stock has trended somewhat positive on Friday, according to InfoTrie. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Credit Acceptance earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news headlines about the credit services provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the company's share price in the next few days.

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 Tesla (TSLA), State National Companies (SNC), Netflix (NFLX), NetEase (NTES), NVIDIA (NVDA), salesforce.com (CRM), Mcdonald's (MCD), Gilead Sciences (GILD), Comerica (CMA) and Chipotle Mexican Grill (CMG).

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 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 purchased 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 $435.6750.

How big of a company is Credit Acceptance?

Credit Acceptance has a market capitalization of $8.18 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?

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:  242 (Vote Outperform)
Underperform Votes:  430 (Vote Underperform)
Total Votes:  672
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 2/22/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel