Credit Acceptance Co. (NASDAQ:CACC – Get Rating) insider Prescott General Partners Llc sold 28,897 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $608.37, for a total value of $17,580,067.89. Following the transaction, the insider now directly owns 1,090,732 shares in the company, valued at $663,568,626.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ:CACC traded down $25.63 during mid-day trading on Monday, hitting $573.95. 13,136 shares of the company’s stock were exchanged, compared to its average volume of 96,868. The company has a market cap of $7.54 billion, a PE ratio of 9.59 and a beta of 1.22. The company has a debt-to-equity ratio of 2.85, a current ratio of 21.07 and a quick ratio of 39.04. Credit Acceptance Co. has a one year low of $381.93 and a one year high of $703.27. The business has a fifty day moving average price of $543.36 and a 200 day moving average price of $587.41.
Credit Acceptance (NASDAQ:CACC – Get Rating) last released its earnings results on Monday, May 2nd. The credit services provider reported $14.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $13.30 by $1.64. Credit Acceptance had a net margin of 52.16% and a return on equity of 44.07%. During the same quarter last year, the business earned $9.64 earnings per share. On average, equities analysts forecast that Credit Acceptance Co. will post 50.7 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. StockNews.com raised shares of Credit Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. BMO Capital Markets boosted their price target on shares of Credit Acceptance from $411.00 to $428.00 and gave the company a “market perform” rating in a research report on Tuesday, February 1st. Credit Suisse Group upped their target price on Credit Acceptance from $440.00 to $460.00 in a report on Tuesday, May 3rd. Finally, Zacks Investment Research upgraded Credit Acceptance from a “sell” rating to a “hold” rating and set a $582.00 target price for the company in a research note on Monday, April 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Credit Acceptance has an average rating of “Hold” and an average target price of $468.80.
Credit Acceptance Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Credit Acceptance (CACC)
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