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NASDAQ:CACC - Credit Acceptance Stock Price, Forecast & News

$269.38
-15.92 (-5.58 %)
(As of 03/30/2020 04:00 PM ET)
Today's Range
$264.51
Now: $269.38
$283.99
50-Day Range
$234.35
MA: $391.00
$448.72
52-Week Range
$199.00
Now: $269.38
$509.99
Volume232,793 shs
Average Volume213,431 shs
Market Capitalization$4.89 billion
P/E Ratio7.77
Dividend YieldN/A
Beta0.71
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
Credit Acceptance logo

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$34.19 per share
Book Value$125.30 per share

Profitability

Net Income$656.10 million

Miscellaneous

Employees2,016
Market Cap$4.89 billion
Next Earnings Date5/4/2020 (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 reached pandemic status according to the World Health Organization (WHO). Since then, CACC shares have decreased by 34.3% and is now trading at $269.38. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Credit Acceptance?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 3 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 Monday, May 4th 2020. View our earnings forecast for Credit Acceptance.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Corp. (NASDAQ:CACC) released its quarterly earnings data on Thursday, January, 30th. The credit services provider reported $9.22 EPS for the quarter, topping analysts' consensus estimates of $8.85 by $0.37. The credit services provider had revenue of $385.90 million for the quarter, compared to the consensus estimate of $385.34 million. Credit Acceptance had a return on equity of 29.25% and a net margin of 44.06%. The business's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business earned $7.85 earnings per share. View Credit Acceptance's earnings history.

What price target have analysts set for CACC?

5 analysts have issued 12 month price targets for Credit Acceptance's shares. Their forecasts range from $190.00 to $495.00. On average, they anticipate Credit Acceptance's share price to reach $373.50 in the next year. This suggests a possible upside of 38.7% from the stock's current price. View analysts' price targets for Credit Acceptance.

Has Credit Acceptance been receiving favorable news coverage?

Press coverage about CACC stock has been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news 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 -5 to 5, with scores closest to five being the most favorable. Credit Acceptance earned a news sentiment score of -1.6 on InfoTrie's scale. They also gave news headlines about the credit services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutCredit Acceptance.

Are investors shorting Credit Acceptance?

Credit Acceptance saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,686,200 shares, an increase of 26.8% from the February 27th total of 1,330,000 shares. Based on an average daily trading volume, of 209,000 shares, the short-interest ratio is currently 8.1 days. Approximately 14.1% 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 Netflix (NFLX), Bank of America (BAC), Mastercard (MA), Exxon Mobil (XOM), Gilead Sciences (GILD), NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Chipotle Mexican Grill (CMG) and salesforce.com (CRM).

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 number of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (2.89%), Gobi Capital LLC (1.73%), Beck Mack & Oliver LLC (1.61%), Cantillon Capital Management LLC (1.54%), Geode Capital Management LLC (1.06%) and AQR Capital Management LLC (0.83%). 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 Nuveen Asset Management LLC, PNC Financial Services Group Inc., AXA, Victory Capital Management Inc., Victory Capital Management Inc., First Trust Advisors LP, Schaller Investment Group Inc., and AQR Capital Management LLC. 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, Kenneth Booth, 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 bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Norges Bank, LMR Partners LLP, Beck Mack & Oliver LLC, Bank of America Corp DE, Janus Henderson Group PLC, Geode Capital Management LLC, and Schonfeld Strategic Advisors LLC. 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 $269.38.

How big of a company is Credit Acceptance?

Credit Acceptance has a market capitalization of $4.89 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. View additional information about Credit Acceptance.

What is Credit Acceptance's official website?

The official website for Credit Acceptance is http://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]


MarketBeat Community Rating for Credit Acceptance (NASDAQ CACC)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  323 (Vote Outperform)
Underperform Votes:  532 (Vote Underperform)
Total Votes:  855
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.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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