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NASDAQ:CACCCredit Acceptance Stock Price, Forecast & News

$393.63
+23.81 (+6.44 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$372.96
Now: $393.63
$398.00
50-Day Range
$254.00
MA: $313.53
$377.66
52-Week Range
$199.00
Now: $393.63
$498.06
Volume344,165 shs
Average Volume255,944 shs
Market Capitalization$7.14 billion
P/E Ratio18.39
Dividend YieldN/A
Beta1.26
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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Credit Acceptance logo

Beat the Market (BTM) Rank

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

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$38.55 per share
Book Value$125.30 per share

Profitability

Net Income$656.10 million

Miscellaneous

Employees2,016
Market Cap$7.14 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. Since then, CACC shares have decreased by 4.0% and is now trading at $393.63. 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) issued its quarterly earnings results on Wednesday, May, 27th. The credit services provider reported ($4.61) earnings per share (EPS) 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 return on equity of 30.52% and a net margin of 26.76%. The business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $8.08 EPS. View Credit Acceptance's earnings history.

What price target have analysts set for CACC?

6 Wall Street analysts have issued 1-year target prices for Credit Acceptance's stock. Their forecasts range from $150.00 to $390.00. On average, they expect Credit Acceptance's stock price to reach $241.40 in the next twelve months. This suggests that the stock has a possible downside of 38.7%. View analysts' price targets for Credit Acceptance.

Has Credit Acceptance been receiving favorable news coverage?

News headlines about CACC stock have trended somewhat positive this week, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Credit Acceptance earned a news impact score of 2.0 on InfoTrie's scale. They also assigned media coverage about the credit services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. 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?

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 institutional and retail 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 major 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 major investors are buying Credit Acceptance stock?

CACC stock was acquired 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 $393.63.

How big of a company is Credit Acceptance?

Credit Acceptance has a market capitalization of $7.14 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 6/1/2020 by MarketBeat.com Staff

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