Should I buy or sell Credit Acceptance stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CACC shares. View CACC analyst ratings or view top-rated stocks .

What is Credit Acceptance's stock price target for 2024?

3 analysts have issued twelve-month price targets for Credit Acceptance's stock. Their CACC share price targets range from $347.00 to $440.00. On average, they expect the company's stock price to reach $381.75 in the next year. This suggests that the stock has a possible downside of 28.8%. View analysts price targets for CACC or view top-rated stocks among Wall Street analysts .

How have CACC shares performed in 2024?

Credit Acceptance's stock was trading at $532.73 on January 1st, 2024. Since then, CACC shares have increased by 0.7% and is now trading at $536.40. View the best growth stocks for 2024 here .

When is Credit Acceptance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024. View our CACC earnings forecast .

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Co. (NASDAQ:CACC) announced its quarterly earnings data on Wednesday, January, 31st. The credit services provider reported $10.06 earnings per share for the quarter, topping analysts' consensus estimates of $9.17 by $0.89. The credit services provider earned $491.60 million during the quarter, compared to the consensus estimate of $478.80 million. Credit Acceptance had a trailing twelve-month return on equity of 30.94% and a net margin of 15.04%.

What ETFs hold Credit Acceptance's stock?

ETFs with the largest weight of Credit Acceptance (NASDAQ:CACC) stock in their portfolio include SRH U.S. Quality ETF (SRHQ) , Harbor Corporate Culture Leaders ETF (HAPY) and LeaderShares AlphaFactor US Core Equity ETF (LSAF) . Ranger Equity Bear ETF (HDGE) .

What is Kenneth S. Booth's approval rating as Credit Acceptance's CEO?

66 employees have rated Credit Acceptance Chief Executive Officer Kenneth S. Booth on Glassdoor.com . Kenneth S. Booth has an approval rating of 87% among the company's employees. 78.0% of employees surveyed would recommend working at Credit Acceptance to a friend.

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 (CRM) , Home Depot (HD) , NVIDIA (NVDA) , AT&T (T) , Tesla (TSLA) , AbbVie (ABBV) and Alibaba Group (BABA) .

Who are Credit Acceptance's major shareholders?

Credit Acceptance's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include LVW Advisors LLC (0.01%). Insiders that own company stock include A Foss Irrevocable Tru Donald, Andrew K Rostami , Arthur L Smith , Daniel A Ulatowski, Daniel A Ulatowski , Donald A Foss , Douglas W Busk , Jill Foss Watson , Jonathan Lum , Kenneth Booth , Prescott General Partners Llc, Thomas N Tryforos , Thomas W Smith and Wendy A Rummler . View institutional ownership trends .

How do I buy shares of Credit Acceptance?

Shares of CACC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CACC

Credit Acceptance (CACC) Stock Price, News & Analysis

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Free CACC Stock Alerts

$536.40

+3.85 (+0.72%)

(As of 04/18/2024 ET)

Compare

Today's Range: $532.94
▼
$542.61
50-Day Range: $532.55
▼
$572.49
52-Week Range: $379.77
▼
$616.66

Volume: 33,094 shs
Average Volume: 68,172 shs
Market Capitalization: $6.60 billion

P/E Ratio: 24.36
Dividend Yield: N/A
Price Target: $381.75

Get Credit Acceptance alerts:

Credit Acceptance MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.67 Rating Score
Upside/Downside: 28.8% Downside
$381.75 Price Target
Short Interest: Bearish
9.60% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.24
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$1.72 M Sold Last Quarter
Proj. Earnings Growth: 14.29%
From $40.95 to $46.80 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.42 out of 5 stars

Finance Sector

584th out of 822 stocks

Personal Credit Institutions Industry

10th out of 13 stocks

0.8

Analyst's Opinion

Consensus Rating
Credit Acceptance has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Credit Acceptance has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
9.60% of the float of Credit Acceptance has been sold short.
Short Interest Ratio / Days to Cover
Credit Acceptance has a short interest ratio ("days to cover") of 9.1.
Change versus previous month
Short interest in Credit Acceptance has recently decreased by 4.12%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Credit Acceptance does not currently pay a dividend.
Dividend Growth
Credit Acceptance does not have a long track record of dividend growth.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Credit Acceptance has received a -11.96% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "Societal stability & understanding among people", and "Equality & human rights". The negative contribution in the "Societal stability & understanding among people" impact category is driven by its "Subprime car loans" and "Credit reporting services" products. See details.
Environmental Sustainability
The Environmental Impact score for Credit Acceptance is -0.24.

2.5

News and Social Media Coverage

News Sentiment
Credit Acceptance has a news sentiment score of 1.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Credit Acceptance this week, compared to 3 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Credit Acceptance insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,721,440.00 in company stock.
Percentage Held by Insiders
Only 4.20% of the stock of Credit Acceptance is held by insiders.
Percentage Held by Institutions
81.71% of the stock of Credit Acceptance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Credit Acceptance are expected to grow by 14.29% in the coming year, from $40.95 to $46.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Credit Acceptance is 24.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Credit Acceptance is 24.36, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.79.
Price to Book Value per Share Ratio
Credit Acceptance has a P/B Ratio of 3.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Credit Acceptance Stock (NASDAQ:CACC)

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount 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 serves independent and franchised automobile dealers. Credit Acceptance Corporation was incorporated in 1972 and is headquartered in Southfield, Michigan.

CACC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CACC Stock News Headlines

March 26, 2024 | insidertrades.com

Credit Acceptance Co. (NASDAQ:CACC) Insider Douglas W. Busk Sells 2,500 Shares

April 12, 2024 | msn.com

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April 4, 2024 | finance.yahoo.com

Credit Acceptance Celebrates 10th Year on Fortune's 100 Best Companies to Work For® List

April 2, 2024 | yahoo.com

Trump Has Hocked Himself to the Repo Man

March 28, 2024 | globenewswire.com

Credit Acceptance Announces Completion of $500.0 Million Asset-Backed Financing

March 20, 2024 | globenewswire.com

Credit Acceptance Named 2024 Top Workplaces USA Award Winner

March 16, 2024 | finance.yahoo.com

CACC Apr 2024 580.000 put

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March 16, 2024 | finance.yahoo.com

Those who invested in Credit Acceptance (NASDAQ:CACC) three years ago are up 51%

March 11, 2024 | msn.com

Attorney General lists top 10 consumer complaints in 2023

March 7, 2024 | finance.yahoo.com

CACC Dec 2024 340.000 call

March 1, 2024 | finance.yahoo.com

COF Mar 2024 125.000 put

February 27, 2024 | globenewswire.com

Credit Acceptance Announces Completion of $200.0 Million Asset-Backed Financing

February 26, 2024 | seekingalpha.com

Credit Acceptance: Back At Expensive Levels While Facing The Same Concerns

February 23, 2024 | finance.yahoo.com

CACC Dec 2024 200.000 put

February 17, 2024 | finance.yahoo.com

CACC Mar 2024 420.000 put

February 17, 2024 | finance.yahoo.com

CACC Mar 2024 610.000 call

February 16, 2024 | msn.com

Credit Acceptance extends $100M asset-backed financing

February 16, 2024 | finance.yahoo.com

Credit Acceptance Announces Extension of $100.0 Million Asset-Backed Financing

February 16, 2024 | globenewswire.com

Credit Acceptance Announces Extension of $100.0 Million Asset-Backed Financing

February 13, 2024 | msn.com

Bad News for Credit Acceptance Stock: This New Risk Has Been Added

February 8, 2024 | benzinga.com

Erin J Kerber At Credit Acceptance Capitalizes: Options Exercised, Resulting In $1.08M

February 7, 2024 | benzinga.com

Douglas W Busk Executes Sell Order: Offloads $289K In Credit Acceptance Stock

February 7, 2024 | benzinga.com

Wendy A Rummler At Credit Acceptance Decides to Exercises Options Worth $330K

February 3, 2024 | finanznachrichten.de

Credit Acceptance Corporation: Credit Acceptance Announces Fourth Quarter and Full Year 2023 Results

February 1, 2024 | finance.yahoo.com

Credit Acceptance (CACC) Gains on Q4 Earnings Beat, Revenue Rise

See More Headlines

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Company Calendar

Last Earnings: 1/31/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/06/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Personal credit institutions
Sub-Industry: Consumer Finance
Current Symbol: NASDAQ:CACC
CUSIP: 22531010
CIK: 885550
Web: www.creditacceptance.com
Phone: (248) 353-2700
Fax: 248-353-9776
Employees: 2,232
Year Founded: 1972

Price Target and Rating

Average Stock Price Target: $381.75
High Stock Price Target: $440.00
Low Stock Price Target: $347.00
Potential Upside/Downside: -28.8%
Consensus Rating: Reduce
Rating Score (0-4): 1.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $22.02
Trailing P/E Ratio: 24.36
Forward P/E Ratio: 13.10
P/E Growth: N/A
Net Income: $286.10 million
Net Margins: 15.04%
Pretax Margin: 19.33%
Return on Equity: 30.94%
Return on Assets: 7.30%

Debt

Debt-to-Equity Ratio: 2.84
Current Ratio: 15.71
Quick Ratio: 15.71

Sales & Book Value

Annual Sales: $1.90 billion
Price / Sales: 3.47
Cash Flow: $44.63 per share
Price / Cash Flow: 12.02
Book Value: $139.55 per share
Price / Book: 3.84

Miscellaneous

Outstanding Shares: 12,300,000
Free Float: 11,786,000
Market Cap: $6.60 billion
Optionable: Optionable
Beta: 1.45

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Key Executives

Mr. Kenneth S. Booth (Age 57)
CEO, President & Director
Comp: $1.02M
Mr. Ravi Mohan (Age 51)
Chief Technology Officer
Comp: $95.51k
Mr. Andrew Rostami (Age 44)
Chief Marketing & Product Officer
Comp: $420.69k
Ms. Wendy A. Rummler (Age 47)
Chief People Officer
Comp: $427.31k
Mr. Arthur L. Smith (Age 51)
Chief Analytics Officer
Comp: $717.75k
Mr. Jay D. Martin (Age 49)
Chief Financial Officer
Mr. Jonathan L. Lum (Age 47)
Chief Operating Officer
Ms. Erin J. Kerber (Age 44)
Chief Legal Officer, Chief Compliance Officer & Secretary
Mr. Daniel A. Ulatowski (Age 52)
Chief Sales Officer
Comp: $710.71k
Nicholas J. Elliott
Chief Alignment Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CACC Stock Analysis - Frequently Asked Questions

Should I buy or sell Credit Acceptance stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CACC shares.
View CACC analyst ratings or view top-rated stocks.
What is Credit Acceptance's stock price target for 2024?: 3 analysts have issued twelve-month price targets for Credit Acceptance's stock. Their CACC share price targets range from $347.00 to $440.00. On average, they expect the company's stock price to reach $381.75 in the next year. This suggests that the stock has a possible downside of 28.8%.
View analysts price targets for CACC or view top-rated stocks among Wall Street analysts.
How have CACC shares performed in 2024?: Credit Acceptance's stock was trading at $532.73 on January 1st, 2024. Since then, CACC shares have increased by 0.7% and is now trading at $536.40.
View the best growth stocks for 2024 here.
When is Credit Acceptance's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our CACC earnings forecast.
How were Credit Acceptance's earnings last quarter?: Credit Acceptance Co. (NASDAQ:CACC) announced its quarterly earnings data on Wednesday, January, 31st. The credit services provider reported $10.06 earnings per share for the quarter, topping analysts' consensus estimates of $9.17 by $0.89. The credit services provider earned $491.60 million during the quarter, compared to the consensus estimate of $478.80 million. Credit Acceptance had a trailing twelve-month return on equity of 30.94% and a net margin of 15.04%.
What ETFs hold Credit Acceptance's stock?: ETFs with the largest weight of Credit Acceptance (NASDAQ:CACC) stock in their portfolio include SRH U.S. Quality ETF (SRHQ), Harbor Corporate Culture Leaders ETF (HAPY) and LeaderShares AlphaFactor US Core Equity ETF (LSAF).Ranger Equity Bear ETF (HDGE).

What is Kenneth S. Booth's approval rating as Credit Acceptance's CEO?: 66 employees have rated Credit Acceptance Chief Executive Officer Kenneth S. Booth on Glassdoor.com. Kenneth S. Booth has an approval rating of 87% among the company's employees. 78.0% of employees surveyed would recommend working at Credit Acceptance to a friend.
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 (CRM), Home Depot (HD), NVIDIA (NVDA), AT&T (T), Tesla (TSLA), AbbVie (ABBV) and Alibaba Group (BABA).
Who are Credit Acceptance's major shareholders?: Credit Acceptance's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include LVW Advisors LLC (0.01%). Insiders that own company stock include A Foss Irrevocable Tru Donald, Andrew K Rostami, Arthur L Smith, Daniel A Ulatowski, Daniel A Ulatowski, Donald A Foss, Douglas W Busk, Jill Foss Watson, Jonathan Lum, Kenneth Booth, Prescott General Partners Llc, Thomas N Tryforos, Thomas W Smith and Wendy A Rummler.
View institutional ownership trends.
How do I buy shares of Credit Acceptance?: Shares of CACC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CACC) was last updated on 4/19/2024 by MarketBeat.com Staff

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Credit Acceptance (CACC) Stock Price, News & Analysis

Credit Acceptance MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Credit Acceptance Stock (NASDAQ:CACC)

CACC Stock Price History

CACC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CACC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™