NASDAQ:CACCCredit Acceptance Stock Price, Forecast & News

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 (WHO). Since then, CACC shares have increased by 2.6% and is now trading at $420.40. View which stocks have been most impacted by Coronavirus.

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.

Credit Acceptance is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Credit Acceptance.

Credit Acceptance Corp. (NASDAQ:CACC) announced its quarterly earnings data on Wednesday, May, 27th. The credit services provider reported ($4.61) earnings per share 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 net margin of 26.76% and a return on equity of 30.52%. Credit Acceptance's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.08 EPS. View Credit Acceptance's earnings history.

6 brokers have issued 1 year price objectives for Credit Acceptance's shares. Their forecasts range from $150.00 to $390.00. On average, they expect Credit Acceptance's share price to reach $241.40 in the next year. This suggests that the stock has a possible downside of 42.6%. View analysts' price targets for Credit Acceptance.

Headlines about CACC stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Credit Acceptance earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the credit services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Credit Acceptance.

Credit Acceptance saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,840,000 shares, a drop of 5.6% from the May 31st total of 3,010,000 shares. Based on an average trading volume of 341,400 shares, the short-interest ratio is presently 8.3 days. Approximately 24.8% of the shares of the company are short sold. View Credit Acceptance's Current Options Chain.

Some companies that are related to Credit Acceptance include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), FirstCash (FCFS), Green Dot (GDOT), SLM (SLM), Nelnet (NNI), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Nicholas Financial (NICK) and Asta Funding (ASFI). View all competitors.

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).

Credit Acceptance trades on the NASDAQ under the ticker symbol "CACC."

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.

One share of CACC stock can currently be purchased for approximately $420.40.

Credit Acceptance has a market capitalization of $7.42 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.

The official website for Credit Acceptance is www.creditacceptance.com.

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]