NASDAQ:CACC

Credit Acceptance (CACC) Stock Price, News & Analysis

$524.85
+2.59 (+0.50%)
(As of 10:10 AM ET)
Today's Range
$520.53
$525.53
50-Day Range
$519.18
$572.49
52-Week Range
$379.77
$616.66
Volume
2,460 shs
Average Volume
66,931 shs
Market Capitalization
$6.46 billion
P/E Ratio
23.84
Dividend Yield
N/A
Price Target
$381.75

Credit Acceptance MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
26.9% 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
0.61mentions of Credit Acceptance in the last 14 days
Based on 3 Articles This Week
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.

2.37 out of 5 stars

Finance Sector

596th out of 855 stocks

Personal Credit Institutions Industry

10th out of 14 stocks

CACC stock logo

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

CACC Stock News Headlines

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CACC Apr 2024 580.000 put
CACC Dec 2024 340.000 call
COF Mar 2024 125.000 put
CACC Dec 2024 200.000 put
CACC Mar 2024 420.000 put
CACC Mar 2024 610.000 call
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Current Symbol
NASDAQ:CACC
CUSIP
22531010
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
-26.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$286.10 million
Pretax Margin
19.33%

Debt

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$44.92 per share
Book Value
$139.55 per share

Miscellaneous

Free Float
11,786,000
Market Cap
$6.41 billion
Optionable
Optionable
Beta
1.45

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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 twelve months. 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 brokers have issued 1-year price objectives for Credit Acceptance's shares. 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 26.9%.
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 decreased by 2.0% and is now trading at $522.26.
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) posted its earnings results 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 analysts' expectations of $478.80 million. Credit Acceptance had a net margin of 15.04% and a trailing twelve-month return on equity of 30.94%.

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).LeaderShares AlphaFactor US Core Equity ETF (LSAF).

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 many different institutional and retail investors. Top institutional investors include LVW Advisors LLC (0.01%) and Handelsinvest Investeringsforvaltning (0.00%). 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 4/24/2024 by MarketBeat.com Staff

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