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.
Industry, Sector and Symbol
Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
SymbolNASDAQ:CACC
CUSIP22531010
Phone248-353-2700
Debt
Debt-to-Equity Ratio2.07
Current Ratio22.16
Quick Ratio22.16
Price-To-Earnings
Trailing P/E Ratio17.79
Forward P/E Ratio13.93
P/E Growth0.76
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales6.32
Cash Flow$21.5501 per share
Price / Cash16.87
Book Value$79.53 per share
Price / Book4.57
Profitability
EPS (Most Recent Fiscal Year)$20.44
Net Income$470.20 million
Net Margins43.49%
Return on Equity29.44%
Return on Assets8.50%
Miscellaneous
Employees1,817
Outstanding Shares19,310,000
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 declared that its Board of Directors has authorized a share repurchase plan on Thursday, April 6th 2017, which allows the company to buyback 1,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.
How were Credit Acceptance's earnings last quarter?
Credit Acceptance Corp. (NASDAQ:CACC) posted its earnings results on Thursday, May, 3rd. The credit services provider reported $6.11 earnings per share for the quarter, missing the consensus estimate of $6.19 by $0.08. The credit services provider earned $295.60 million during the quarter, compared to analyst estimates of $296.16 million. Credit Acceptance had a return on equity of 29.44% and a net margin of 43.49%. The company's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.67 EPS. View Credit Acceptance's Earnings History.
When is Credit Acceptance's next earnings date?
What price target have analysts set for CACC?
8 equities research analysts have issued twelve-month price objectives for Credit Acceptance's stock. Their forecasts range from $230.00 to $365.00. On average, they expect Credit Acceptance's share price to reach $276.7143 in the next year. View Analyst Ratings for Credit Acceptance.
Who are some of Credit Acceptance's key competitors?
Some companies that are related to Credit Acceptance include Discover Financial Services (DFS), Santander Consumer USA (SC), SLM (SLM), OneMain (OMF), Nelnet (NNI), Enova International (ENVA), World Acceptance (WRLD), PROVIDENT Finl/S (FPLPY), Oaktree Specialty Lending (OCSL), Regional Management (RM), Atlanticus (ATLC), IEG (IEGH) and IEG (IEGH).
Who are Credit Acceptance's key executives?
Credit Acceptance's management team includes the folowing people:
- Mr. Brett A. Roberts, CEO & Director (Age 52)
- Mr. Steven M. Jones, Pres (Age 55)
- Mr. Kenneth S. Booth, Chief Financial Officer (Age 51)
- Mr. Charles A. Pearce, Chief Legal Officer & Corp. Sec. (Age 54)
- Mr. Arthur L. Smith, Chief Analytics Officer (Age 45)
Has Credit Acceptance been receiving favorable news coverage?
Media headlines about CACC stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Credit Acceptance earned a news impact score of 0.17 on Accern's scale. They also assigned press coverage about the credit services provider an impact score of 46.29 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Credit Acceptance's major shareholders?
Credit Acceptance's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Hound Partners LLC (4.77%), BlackRock Inc. (2.53%), BloombergSen Inc. (2.20%), Cantillon Capital Management LLC (1.73%), Wasatch Advisors Inc. (1.28%) and PNC Financial Services Group Inc. (1.07%). Company insiders that own Credit Acceptance stock include Arthur L Smith, Charles A Pearce, Donald A Foss, Douglas W Busk, Jill Foss Watson, John S Soave, Kenneth Booth and Steven M Jones. 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 Schroder Investment Management Group, Victory Capital Management Inc., PNC Financial Services Group Inc., Prudential Financial Inc., Cantillon Capital Management LLC, Nuveen Asset Management LLC, Dimensional Fund Advisors LP and New York State Common Retirement Fund. Company insiders that have sold Credit Acceptance company stock in the last year include Douglas W Busk, Jill Foss Watson, John S Soave and Kenneth Booth. View Insider Buying and Selling 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 Hound Partners LLC, JPMorgan Chase & Co., Mackay Shields LLC, Wasatch Advisors Inc., BloombergSen Inc., Lord Abbett & CO. LLC, BNP Paribas Arbitrage SA and Giverny Capital Inc.. 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 $363.55.
How big of a company is Credit Acceptance?
Credit Acceptance has a market capitalization of $7.02 billion and generates $1.11 billion in revenue each year. The credit services provider earns $470.20 million in net income (profit) each year or $20.44 on an earnings per share basis. Credit Acceptance employs 1,817 workers across the globe.
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 (CACC)
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.
