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

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$440.99 -8.40 (-1.87 %)
(As of 03/22/2019 10:53 AM ET)
Previous Close$449.39
Today's Range$440.99 - $446.62
52-Week Range$299.00 - $467.26
Volume16,117 shs
Average Volume74,677 shs
Market Capitalization$8.28 billion
P/E Ratio15.53
Dividend YieldN/A
Beta0.68
Credit Acceptance Corp. engages in the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. Its financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers. The company was founded by Donald A. Foss in 1972 and is headquartered in Southfield, MI.

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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$1.29 billion
Cash Flow$29.5966 per share
Book Value$103.11 per share

Profitability

Net Income$574 million

Miscellaneous

Employees2,040
Market Cap$8.28 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 of Directors has initiated a stock buyback plan on Thursday, April 6th 2017, which authorizes the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Corp. (NASDAQ:CACC) announced its earnings results on Wednesday, January, 30th. The credit services provider reported $7.85 EPS for the quarter, beating the Zacks' consensus estimate of $7.45 by $0.40. The credit services provider earned $342.80 million during the quarter, compared to the consensus estimate of $338.73 million. Credit Acceptance had a return on equity of 29.89% and a net margin of 44.64%. Credit Acceptance's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 brokerages have issued twelve-month price objectives for Credit Acceptance's stock. Their predictions range from $335.00 to $420.00. On average, they expect Credit Acceptance's share price to reach $369.5714 in the next twelve months. This suggests that the stock has a possible downside of 16.2%. 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?

Media stories about CACC stock have been trending somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of 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 0.8 on InfoTrie's scale. They also assigned headlines about the credit services provider a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an effect on the stock's share price in the immediate future.

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

Who are Credit Acceptance's key executives?

Credit Acceptance's management team includes the folowing people:
  • Brett A. Roberts, Chief Executive Officer & Director
  • Kenneth S. Booth, CFO & Principal Accounting Officer
  • John S. Soave, Chief Information Officer
  • Douglas W. Busk, Treasurer & Senior Vice President
  • Art Smith, Chief Analytics Officer

Who are Credit Acceptance's major shareholders?

Credit Acceptance's stock is owned by many different of retail and institutional 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 institutional 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, Kenneth Booth, Prescott General Partners Llc, Scott J Vassalluzzo and Thomas N Tryforos. View Insider Buying and Selling for Credit Acceptance.

Which institutional investors are buying Credit Acceptance stock?

CACC stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, RV Capital GmbH, Prescott Investors Profit Sharing Trust, Phoenician Capital LLC, BlackRock Inc., Parkwood LLC, Geode Capital Management LLC and Geode Capital Management 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 $440.99.

How big of a company is Credit Acceptance?

Credit Acceptance has a market capitalization of $8.28 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:  251 (Vote Outperform)
Underperform Votes:  435 (Vote Underperform)
Total Votes:  686
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 3/22/2019 by MarketBeat.com Staff

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