NASDAQ:CACCCredit Acceptance Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Credit Acceptance Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $388.96 -4.67 (-1.19 %) (As of 06/2/2020 04:00 PM ET) Add Compare Share Today's Range$383.19Now: $388.96▼$398.3550-Day Range$254.00MA: $313.53▼$377.6652-Week Range$199.00Now: $388.96▼$498.06Volume314,892 shsAverage Volume256,505 shsMarket Capitalization$7.06 billionP/E Ratio18.18Dividend YieldN/ABeta1.26 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 0.7 Analyst's Opinion Consensus RatingCredit Acceptance has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 2 hold ratings, and 4 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $241.40, Credit Acceptance has a potential downside of 37.9% from its current price of $388.96.Amount of Analyst CoverageCredit Acceptance has only been the subject of 4 research reports in the past 90 days. Previous Next 1.9 Community Rank Outperform VotesCredit Acceptance has received 324 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCredit Acceptance has received 543 “underperform” votes. (Add your “underperform” vote.)Community SentimentCredit Acceptance has received 62.63% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldCredit Acceptance does not currently pay a dividend.Dividend GrowthCredit Acceptance does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Credit Acceptance insiders have sold 3,777.99% more of their company's stock than they have bought. Specifically, they have bought $1,056,440.00 in company stock and sold $40,968,637.00 in company stock.Percentage Held by InsidersOnly 5.00% of the stock of Credit Acceptance is held by insiders.Percentage Held by Institutions68.52% of the stock of Credit Acceptance is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Credit Acceptance are expected to grow by 1.77% in the coming year, from $19.79 to $20.14 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Credit Acceptance is 18.18, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.75.Price to Earnings Ratio vs. SectorThe P/E ratio of Credit Acceptance is 18.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.99.Price to Book Value per Share RatioCredit Acceptance has a P/B Ratio of 3.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.7Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™0.96 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Personal credit institutions Sub-IndustryConsumer Finance SectorFinance Current SymbolNASDAQ:CACC Previous Symbol CUSIP22531010 CIK885550 Webwww.creditacceptance.com Phone248-353-2700Debt Debt-to-Equity Ratio2.42 Current Ratio28.62 Quick Ratio28.62Price-To-Earnings Trailing P/E Ratio18.18 Forward P/E Ratio19.65 P/E GrowthN/A Sales & Book Value Annual Sales$1.49 billion Price / Sales4.74 Cash Flow$38.10 per share Price / Cash Flow10.21 Book Value$125.30 per share Price / Book3.10Profitability EPS (Most Recent Fiscal Year)$34.70 Net Income$656.10 million Net Margins26.76% Return on Equity30.52% Return on Assets9.50%Miscellaneous Employees2,016 Outstanding Shares18,151,000Market Cap$7.06 billion Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NASDAQ:CACC Rates by TradingView 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. 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 reached pandemic status according to the World Health Organization (WHO). Since then, CACC shares have decreased by 5.1% and is now trading at $388.96. 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 earnings results on Wednesday, May, 27th. The credit services provider reported ($4.61) EPS for the quarter, missing the Zacks' 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%. The business's revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $8.08 earnings per share. View Credit Acceptance's earnings history. What price target have analysts set for CACC? 6 analysts have issued 1 year price objectives for Credit Acceptance's shares. Their forecasts range from $150.00 to $390.00. On average, they anticipate Credit Acceptance's share price to reach $241.40 in the next twelve months. This suggests that the stock has a possible downside of 37.9%. View analysts' price targets for Credit Acceptance. Has Credit Acceptance been receiving favorable news coverage? News coverage about CACC stock has trended very negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Credit Acceptance earned a media sentiment score of -3.5 on InfoTrie's scale. They also assigned media stories about the credit services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCredit Acceptance. Are investors shorting Credit Acceptance? Credit Acceptance saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,990,000 shares, an increase of 10.7% from the April 30th total of 2,700,000 shares. Based on an average trading volume of 291,700 shares, the short-interest ratio is currently 10.3 days. Currently, 25.1% of the shares of the company are sold short. View Credit Acceptance's Current Options Chain. Who are some of Credit Acceptance's key competitors? Some companies that are related to Credit Acceptance include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), FirstCash (FCFS), SLM (SLM), Green Dot (GDOT), Nelnet (NNI), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Asta Funding (ASFI) and Nicholas Financial (NICK). View all 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." Who are Credit Acceptance's major shareholders? Credit Acceptance's stock is owned by a variety of retail and institutional investors. Top institutional investors include Prescott General Partners LLC (9.60%), Principal Financial Group Inc. (4.84%), Wellington Management Group LLP (3.91%), BlackRock Inc. (2.80%), BloombergSen Inc. (2.65%) and Beck Mack & Oliver LLC (1.68%). Company insiders that own Credit Acceptance stock include Arthur L Smith, Brett A Roberts, Charles A Pearce, Donald A Foss, Douglas W Busk, Glenda J Flanagan, Kenneth Booth, Prescott General Partners Llc, Scott J Vassalluzzo 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 Prescott General Partners LLC, Nuveen Asset Management LLC, AQR Capital Management LLC, BloombergSen Inc., BlackRock Inc., Janus Henderson Group PLC, Grantham Mayo Van Otterloo & Co. LLC, and JPMorgan Chase & Co.. Company insiders that have sold Credit Acceptance company stock in the last year include Brett A Roberts, 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. Which institutional investors are buying Credit Acceptance stock? CACC stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Immersion Capital LLP, Wellington Management Group LLP, Smead Capital Management Inc., Quantum Capital Management LLC NJ, RV Capital GmbH, APG Asset Management N.V., and APG Asset Management N.V.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Credit Acceptance's stock price today? One share of CACC stock can currently be purchased for approximately $388.96. How big of a company is Credit Acceptance? Credit Acceptance has a market capitalization of $7.06 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 6/2/2020 by MarketBeat.com Staff
