About Credit Acceptance Corporation (NASDAQ:CACC)
Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company's financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers (Purchased Loan) and keeps the amounts collected from the consumer. Dealer Loans and Purchased Loans are collectively referred to as Loans. As of December 31, 2016, the Company's target market included approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers and support active dealers.
Industry, Sector and Symbol
Industry Consumer Leasing
Trailing P/E Ratio14.47
Forward P/E Ratio13.76
Sales & Book Value
Annual Sales$969.20 million
Price / Sales5.71
Cash Flow$18.23 per share
Price / Cash15.73
Book Value$70.00 per share
Price / Book4.10
Net Income$332.80 million
Return on Equity32.08%
Return on Assets8.64%
Frequently Asked Questions for Credit Acceptance Corporation (NASDAQ:CACC)
What is Credit Acceptance Corporation's stock symbol?
Credit Acceptance Corporation trades on the NASDAQ under the ticker symbol "CACC."
How will Credit Acceptance Corporation's stock buyback program work?
Credit Acceptance Corporation announced that its Board of Directors has authorized a stock repurchase program on Thursday, April 6th 2017, which permits the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.
How were Credit Acceptance Corporation's earnings last quarter?
Credit Acceptance Corporation (NASDAQ:CACC) posted its quarterly earnings results on Monday, October, 30th. The credit services provider reported $5.43 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $5.15 by $0.28. The credit services provider earned $283.90 million during the quarter, compared to the consensus estimate of $281.03 million. Credit Acceptance Corporation had a return on equity of 32.08% and a net margin of 35.29%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.53 EPS. View Credit Acceptance Corporation's Earnings History.
When will Credit Acceptance Corporation make its next earnings announcement?
Where is Credit Acceptance Corporation's stock going? Where will Credit Acceptance Corporation's stock price be in 2017?
9 analysts have issued 1-year price objectives for Credit Acceptance Corporation's shares. Their predictions range from $170.00 to $260.00. On average, they anticipate Credit Acceptance Corporation's share price to reach $219.75 in the next year. View Analyst Ratings for Credit Acceptance Corporation.
Who are some of Credit Acceptance Corporation's key competitors?
Some companies that are related to Credit Acceptance Corporation include SEI Investments (SEIC), Athene Holding (ATH), Old Mutual plc (OML), Schroders plc (SDR), Macerich Co (MAC), Zions Bancorporation (ZION), American Financial Group (AFG), 3i (III), Aercap Holdings N.V. (AER), W.R. Berkley Corporation (WRB), Kimco Realty Corporation (KIM), Gaming and Leisure Properties (GLPI), Voya Financial (VOYA), Hargreaves Lansdown PLC (HL), Kilroy Realty Corporation (KRC), Sun Communities (SUI), MarketAxess Holdings (MKTX) and Apartment Investment and Management Co (AIV).
Who are Credit Acceptance Corporation's key executives?
Credit Acceptance Corporation's management team includes the folowing people:
- Steven M. Jones, President (Age 53)
- Brett A. Roberts, Chief Executive Officer, Director (Age 50)
- Kenneth S. Booth, Chief Financial Officer (Age 49)
- Douglas W. Busk, Senior Vice President, Treasurer (Age 56)
- John S. Soave, Chief Information Officer (Age 52)
- Arthur L. Smith, Chief Analytics Officer (Age 44)
- Daniel A. Ulatowski, Chief Sales Officer (Age 45)
- Charles A. Pearce, Corporate Secretary, Chief Legal Officer (Age 52)
- Glenda J. Flanagan, Independent Director (Age 63)
- Thomas N. Tryforos, Independent Director (Age 58)
Who owns Credit Acceptance Corporation stock?
Credit Acceptance Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Ruane Cunniff & Goldfarb Inc. (5.56%), Beck Mack & Oliver LLC (1.82%), Wasatch Advisors Inc. (1.19%), Goodnow Investment Group LLC (1.05%), Dimensional Fund Advisors LP (0.99%) and XL Group Investments Ltd (0.91%). Company insiders that own Credit Acceptance Corporation stock include Allan Victor Apple, Arthur L Smith, Charles A Pearce, Donald A Foss, Douglas W Busk, Jill Foss Watson, Kenneth Booth, Steven M Jones and Thomas W Smith. View Institutional Ownership Trends for Credit Acceptance Corporation.
Who sold Credit Acceptance Corporation stock? Who is selling Credit Acceptance Corporation stock?
Credit Acceptance Corporation's stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Schroder Investment Management Group, Billings Capital Management LLC, Wasatch Advisors Inc., Quantum Capital Management LLC NJ, LMR Partners LLP, XL Group Investments Ltd and Beck Mack & Oliver LLC. Company insiders that have sold Credit Acceptance Corporation company stock in the last year include Arthur L Smith, Charles A Pearce, Donald A Foss, Douglas W Busk, Jill Foss Watson, Kenneth Booth and Steven M Jones. View Insider Buying and Selling for Credit Acceptance Corporation.
Who bought Credit Acceptance Corporation stock? Who is buying Credit Acceptance Corporation stock?
Credit Acceptance Corporation's stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Shell Asset Management Co., Victory Capital Management Inc., Mackenzie Financial Corp, Cornerstone Capital Management Holdings LLC., Dimensional Fund Advisors LP, Prudential Financial Inc. and OxFORD Asset Management LLP. Company insiders that have bought Credit Acceptance Corporation stock in the last two years include Allan Victor Apple and Thomas W Smith. View Insider Buying and Selling for Credit Acceptance Corporation.
How do I buy Credit Acceptance Corporation stock?
Shares of Credit Acceptance Corporation 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 Corporation's stock price today?
One share of Credit Acceptance Corporation stock can currently be purchased for approximately $286.68.
How big of a company is Credit Acceptance Corporation?
Credit Acceptance Corporation has a market capitalization of $5.46 billion and generates $969.20 million in revenue each year. The credit services provider earns $332.80 million in net income (profit) each year or $19.29 on an earnings per share basis. Credit Acceptance Corporation employs 1,609 workers across the globe.
How can I contact Credit Acceptance Corporation?
Credit Acceptance Corporation's mailing address is 25505 W 12 Mile Rd, SOUTHFIELD, MI 48034-1846, United States. The credit services provider can be reached via phone at +1-248-3532700 or via email at [email protected]
MarketBeat Community Rating for Credit Acceptance Corporation (CACC)MarketBeat's community ratings are surveys of what our community members think about Credit Acceptance Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Credit Acceptance Corporation (NASDAQ:CACC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Sell Ratings, 5 Hold Ratings, 0 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 1.56)|
|Consensus Price Target: ||$219.75 (23.35% downside)|
Consensus Price Target History for Credit Acceptance Corporation (NASDAQ:CACC)
Analysts' Ratings History for Credit Acceptance Corporation (NASDAQ:CACC)
(Data available from 11/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/31/2017||Bank of America Corporation||Boost Price Target||Underperform||$195.00 -> $230.00||N/A|
|10/31/2017||Credit Suisse Group||Boost Price Target||Underperform||$200.00 -> $225.00||N/A|
|10/31/2017||BMO Capital Markets||Reiterated Rating||Market Perform||$238.00 -> $252.00||N/A|
|10/10/2017||Jefferies Group LLC||Reiterated Rating||Hold||$240.00 -> $260.00||N/A|
|8/1/2017||JMP Securities||Reiterated Rating||Underperform||$180.00 -> $195.00||Low|
|8/1/2017||Raymond James Financial, Inc.||Upgrade||Underperform -> Market Perform||Medium|
|5/2/2017||Janney Montgomery Scott||Upgrade||Sell -> Neutral||$187.00 -> $200.00||High|
|2/8/2017||Stephens||Set Price Target||Sell||$170.00||N/A|
|1/23/2017||Susquehanna Bancshares Inc||Initiated Coverage||Neutral||$226.00||N/A|
|9/6/2016||Compass Point||Downgrade||Neutral -> Sell||$170.00||N/A|
|5/11/2016||Macquarie||Downgrade||Neutral -> Underperform||$190.00 -> $150.00||N/A|
Earnings History and Estimates Chart for Credit Acceptance Corporation (NASDAQ:CACC)
Earnings History by Quarter for Credit Acceptance Corporation (NASDAQ CACC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/30/2017||Q3 2017||$5.15||$5.43||$281.03 million||$283.90 million||View||N/A|
|7/31/2017||Q2 2017||$4.89||$5.22||$268.18 million||$253.20 million||View||N/A|
|5/1/2017||Q1 2017||$4.38||$4.67||$259.24 million||$262.80 million||View||Listen|
|1/31/2017||Q416||$4.26||$4.79||$250.54 million||$236.20 million||View||N/A|
|11/1/2016||Q316||$4.27||$4.53||$244.65 million||$246.00 million||View||N/A|
|7/29/2016||Q216||$3.86||$4.38||$232.37 million||$238.50 million||View||Listen|
|5/2/2016||Q116||$3.81||$4.02||$226.02 million||$227.90 million||View||Listen|
|2/1/2016||Q415||$3.75||$3.84||$216.49 million||$217.80 million||View||N/A|
|10/29/2015||Q315||$3.69||$3.77||$207.25 million||$210.20 million||View||Listen|
|7/29/2015||Q2||$3.59||$3.60||$195.50 million||$203.10 million||View||Listen|
|4/29/2015||Q115||$3.33||$3.44||$190.10 million||$194.20 million||View||N/A|
|1/29/2015||Q4 2014||$3.26||$3.28||$182.20 million||$185.10 million||View||N/A|
|10/29/2014||Q313||$3.21||$3.26||$183.10 million||$181.70 million||View||N/A|
|7/30/2014||Q213||$2.90||$2.98||$181.37 million||$179.80 million||View||N/A|
|4/29/2014||Q1 2014||$2.79||$2.69||$176.90 million||View||N/A|
Earnings Estimates for Credit Acceptance Corporation (NASDAQ:CACC)
2017 EPS Consensus Estimate: $19.93
2018 EPS Consensus Estimate: $21.96
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Credit Acceptance Corporation (NASDAQ:CACC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Credit Acceptance Corporation (NASDAQ CACC)
Insider Ownership Percentage: 5.80%
Institutional Ownership Percentage: 72.07%
Insider Trades by Quarter for Credit Acceptance Corporation (NASDAQ CACC)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/4/2017||Jill Foss Watson||Major Shareholder||Sell||29,956||$270.81||$8,112,384.36|| |
|8/3/2017||Jill Foss Watson||Major Shareholder||Sell||47,303||$270.75||$12,807,287.25|| |
|8/2/2017||Douglas W. Busk||Insider||Sell||2,500||$267.72||$669,300.00|| |
|8/2/2017||Jill Foss Watson||Major Shareholder||Sell||35,348||$275.69||$9,745,090.12|| |
|8/2/2017||Kenneth Booth||CFO||Sell||2,000||$273.01||$546,020.00|| |
|8/1/2017||Jill Foss Watson||Major Shareholder||Sell||35,751||$270.82||$9,682,085.82|| |
|6/8/2017||Jill Foss Watson||Major Shareholder||Sell||4,947||$225.63||$1,116,191.61|| |
|6/7/2017||Jill Foss Watson||Major Shareholder||Sell||19,424||$225.80||$4,385,939.20|| |
|6/6/2017||Jill Foss Watson||Major Shareholder||Sell||19,433||$221.99||$4,313,931.67|| |
|6/5/2017||Jill Foss Watson||Major Shareholder||Sell||21,017||$221.99||$4,665,563.83|| |
|6/2/2017||Jill Foss Watson||Major Shareholder||Sell||10,112||$219.61||$2,220,696.32|| |
|6/1/2017||Jill Foss Watson||Major Shareholder||Sell||26,051||$217.84||$5,674,949.84|| |
|5/26/2017||Jill Foss Watson||Major Shareholder||Sell||16,370||$218.36||$3,574,553.20|| |
|5/25/2017||Jill Foss Watson||Major Shareholder||Sell||16,675||$219.42||$3,658,828.50|| |
|5/24/2017||Jill Foss Watson||Major Shareholder||Sell||25,163||$224.23||$5,642,299.49|| |
|5/23/2017||Jill Foss Watson||Major Shareholder||Sell||26,364||$227.02||$5,985,155.28|| |
|5/22/2017||Jill Foss Watson||Major Shareholder||Sell||18,700||$224.59||$4,199,833.00|| |
|5/19/2017||Jill Foss Watson||Major Shareholder||Sell||35,288||$221.83||$7,827,937.04|| |
|5/18/2017||Jill Foss Watson||Major Shareholder||Sell||15,691||$215.65||$3,383,764.15|| |
|5/16/2017||Jill Foss Watson||Major Shareholder||Sell||21,200||$215.71||$4,573,052.00|| |
|5/12/2017||Jill Foss Watson||Major Shareholder||Sell||12,220||$215.77||$2,636,709.40|| |
|5/10/2017||Jill Foss Watson||Major Shareholder||Sell||41,729||$216.42||$9,030,990.18|| |
|5/8/2017||Jill Foss Watson||Major Shareholder||Sell||21,980||$215.43||$4,735,151.40|| |
|5/5/2017||Arthur L. Smith||Insider||Sell||1,596||$215.93||$344,624.28|| |
|5/4/2017||Jill Foss Watson||Major Shareholder||Sell||28,699||$216.20||$6,204,723.80|| |
|5/3/2017||Charles A. Pearce||Insider||Sell||4,000||$215.77||$863,080.00|| |
|5/3/2017||Steven M. Jones||President||Sell||65,000||$214.15||$13,919,750.00|| |
|3/31/2017||Jill Foss Watson||Major Shareholder||Sell||200,000||$198.00||$39,600,000.00|| |
|3/21/2017||Jill Foss Watson||Major Shareholder||Sell||200,000||$199.28||$39,856,000.00|| |
|3/16/2017||Jill Foss Watson||Major Shareholder||Sell||20,878||$203.91||$4,257,232.98|| |
|3/15/2017||Jill Foss Watson||Major Shareholder||Sell||35,086||$199.57||$7,002,113.02|| |
|3/13/2017||Jill Foss Watson||Major Shareholder||Sell||18,043||$197.78||$3,568,544.54|| |
|3/9/2017||Jill Foss Watson||Major Shareholder||Sell||9,450||$198.20||$1,872,990.00|| |
|3/7/2017||Jill Foss Watson||Major Shareholder||Sell||16,543||$198.44||$3,282,792.92|| |
|2/7/2017||Donald A Foss||Major Shareholder||Sell||660,000||$194.00||$128,040,000.00|| |
|12/30/2016||Donald A Foss||Major Shareholder||Sell||404||$220.20||$88,960.80|| |
|12/27/2016||Donald A Foss||Chairman||Sell||405||$220.17||$89,168.85|| |
|9/26/2016||Jill Foss Watson||Major Shareholder||Sell||240,000||$197.50||$47,400,000.00|| |
|8/30/2016||Jill Foss Watson||Major Shareholder||Sell||9,995||$200.91||$2,008,095.45|| |
|8/29/2016||Jill Foss Watson||Major Shareholder||Sell||35,211||$205.18||$7,224,592.98|| |
|8/26/2016||Jill Foss Watson||Major Shareholder||Sell||27,626||$200.94||$5,551,168.44|| |
|8/24/2016||Jill Foss Watson||Major Shareholder||Sell||17,761||$202.36||$3,594,115.96|| |
|8/23/2016||Jill Foss Watson||Major Shareholder||Sell||13,111||$201.54||$2,642,390.94|| |
|8/17/2016||Jill Foss Watson||Major Shareholder||Sell||12,984||$201.23||$2,612,770.32|| |
|8/16/2016||Jill Foss Watson||Major Shareholder||Sell||41,869||$204.30||$8,553,836.70|| |
|8/15/2016||Jill Foss Watson||Major Shareholder||Sell||43,196||$202.97||$8,767,492.12|| |
|8/12/2016||Jill Foss Watson||Major Shareholder||Sell||48,247||$200.66||$9,681,243.02|| |
|6/17/2016||Allan Victor Apple||Major Shareholder||Buy||100||$166.05||$16,605.00|| |
|4/26/2016||Jill Foss Watson||Major Shareholder||Sell||15,000||$201.29||$3,019,350.00|| |
|3/10/2016||Donald A Foss||Major Shareholder||Sell||400||$220.11||$88,044.00|| |
|12/1/2015||Thomas W Smith||Insider||Buy||1,000||$202.39||$202,390.00|| |
|11/20/2015||Thomas W Smith||Insider||Buy||8,000||$170.34||$1,362,720.00|| |
|11/19/2015||Kenneth Booth||CFO||Buy||5,000||$164.80||$824,000.00|| |
|5/11/2015||Brett A Roberts||CEO||Sell||7,930||$229.33||$1,818,586.90|| |
|2/24/2015||Douglas W Busk||VP||Sell||1,575||$179.48||$282,681.00|| |
|2/23/2015||John S Soave||Insider||Sell||1,000||$175.00||$175,000.00|| |
|2/18/2015||Kenneth Booth||CFO||Sell||2,000||$172.56||$345,120.00|| |
|11/6/2014||Brett A Roberts||CEO||Sell||5,000||$151.67||$758,350.00|| |
|11/5/2014||Brett A Roberts||CEO||Sell||5,000||$148.79||$743,950.00|| |
|10/24/2014||Jill Foss Watson||Major Shareholder||Sell||279,577||$125.54||$35,098,096.58|| |
|10/23/2014||Donald A Foss||Major Shareholder||Sell||430,967||$125.54||$54,103,597.18|| |
|9/2/2014||Brett A Roberts||CEO||Sell||5,000||$123.10||$615,500.00|| |
|8/1/2014||Kenneth Booth||CFO||Buy||2,000||$113.25||$226,500.00|| |
|6/20/2014||Jill Foss Watson||Major Shareholder||Sell||536,180||$125.58||$67,333,484.40|| |
|4/1/2014||Jill Foss Watson||major shareholder||Sell||318,580||$133.35||$42,482,643.00|| |
|3/7/2014||Glenda Flanagan||Director||Sell||4,800||$146.26||$702,048.00|| |
|2/6/2014||Glenda Flanagan||Director||Sell||2,079||$130.89||$272,120.31|| |
|11/5/2013||Kenneth Booth||CFO||Sell||2,000||$122.13||$244,260.00|| |
|8/8/2013||Brett Roberts||CEO||Sell||4,000||$114.31||$457,240.00|| |
|8/2/2013||Kenneth Booth||CFO||Sell||2,805||$112.95||$316,824.75|| |
|8/1/2013||Kenneth Booth||CFO||Sell||3,163||$112.87||$357,007.81|| |
|6/28/2013||Glenda J Flanagan||Director||Sell||5,000||$107.11||$535,550.00|| |
|6/19/2013||Glenda J Flanagan||Director||Sell||5,700||$109.69||$625,233.00|| |
|6/18/2013||Glenda J Flanagan||Director||Sell||9,300||$110.29||$1,025,697.00|| |
|12/26/2012||Prescott General Partners Llc||Insider||Sell||20,000||$99.44||$1,988,800.00|| |
|11/5/2012||Kenneth Booth||CFO||Buy||2,038||$82.15||$167,421.70|| |
|9/5/2012||Donald A Foss||Major Shareholder||Sell||240,000||$91.02||$21,844,800.00|| |
Latest Headlines for Credit Acceptance Corporation (NASDAQ CACC)
Credit Acceptance Corporation (NASDAQ CACC) Chart for Friday, November, 24, 2017