NASDAQ:CACC

Credit Acceptance (CACC) Stock Price, News & Analysis

$496.81
-16.91 (-3.29%)
(As of 09:44 AM ET)
Today's Range
$482.98
$505.42
50-Day Range
$513.72
$572.49
52-Week Range
$379.77
$616.66
Volume
12,878 shs
Average Volume
65,746 shs
Market Capitalization
$6.11 billion
P/E Ratio
22.56
Dividend Yield
N/A
Price Target
$381.75

Credit Acceptance MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
25.7% Downside
$381.75 Price Target
Short Interest
Bearish
9.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
1.12mentions of Credit Acceptance in the last 14 days
Based on 12 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.

2.66 out of 5 stars

Finance Sector

612th out of 844 stocks

Personal Credit Institutions Industry

9th out of 13 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

Q1 2024 Credit Acceptance Corp Earnings Call
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Discover why I’m calling this one of the biggest developments in the global energy market since the shale revolution… why everything you’ve ever been told about Trump’s environmental record is a lie…
Credit Acceptance: Q1 Earnings Snapshot
Credit Acceptance Announces First Quarter 2024 Results
The biggest energy story ever?
Discover why I’m calling this one of the biggest developments in the global energy market since the shale revolution… why everything you’ve ever been told about Trump’s environmental record is a lie…
Credit Acceptance earnings preview: what to expect
Credit Acceptance (CACC) Set to Announce Earnings on Tuesday
Trump Has Hocked Himself to the Repo Man
CACC Apr 2024 580.000 put
CACC Dec 2024 340.000 call
COF Mar 2024 125.000 put
CACC Dec 2024 200.000 put
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
5/01/2024
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
-25.7%
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
$43.65 per share
Book Value
$139.55 per share

Miscellaneous

Free Float
11,786,000
Market Cap
$6.32 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 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 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 equities research analysts have issued 1-year target prices for Credit Acceptance's shares. Their CACC share price targets range from $347.00 to $440.00. On average, they predict the company's share price to reach $381.75 in the next twelve months. This suggests that the stock has a possible downside of 25.7%.
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 at the beginning of the year. Since then, CACC stock has decreased by 3.6% and is now trading at $513.72.
View the best growth stocks for 2024 here
.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Co. (NASDAQ:CACC) released its earnings results on Tuesday, April, 30th. The credit services provider reported $9.28 EPS for the quarter, topping analysts' consensus estimates of $6.81 by $2.47. The credit services provider had revenue of $508 million for the quarter, compared to the consensus estimate of $497.71 million. Credit Acceptance had a trailing twelve-month return on equity of 30.94% and a net margin of 15.04%. The company's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $9.71 EPS.

What ETF holds Credit Acceptance's stock?

SRH U.S. Quality ETF holds 4,139 shares of CACC stock, representing 1.60% of its portfolio.

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 number of retail and institutional investors. Top institutional shareholders include Investmentaktiengesellschaft Fuer Langfristige Investoren TGV (0.75%), JLB & Associates Inc. (0.05%), SpiderRock Advisors LLC (0.00%), Simplex Trading LLC (0.00%), Lodestone Wealth Management LLC (0.01%) and Center for Financial Planning Inc. (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 5/1/2024 by MarketBeat.com Staff

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