Credit Acceptance (CACC) Set to Announce Earnings on Tuesday

Credit Acceptance (NASDAQ:CACC) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $9.28 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Credit Acceptance (NASDAQ:CACC) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $10.06 earnings per share for the quarter, beating the consensus estimate of $9.17 by $0.89. Credit Acceptance had a net margin of 15.04% and a return on equity of 30.94%. The business had revenue of $491.60 million for the quarter, compared to analyst estimates of $478.80 million. On average, analysts expect Credit Acceptance to post $41 EPS for the current fiscal year and $47 EPS for the next fiscal year.

Credit Acceptance Price Performance

Shares of Credit Acceptance stock opened at $526.60 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 15.71 and a current ratio of 15.71. The firm’s 50-day simple moving average is $547.08 and its 200-day simple moving average is $507.48. Credit Acceptance has a twelve month low of $379.77 and a twelve month high of $616.66. The firm has a market cap of $6.48 billion, a P/E ratio of 23.91 and a beta of 1.45.

Insider Buying and Selling at Credit Acceptance

In other Credit Acceptance news, insider Douglas W. Busk sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $572.58, for a total value of $1,431,450.00. Following the transaction, the insider now directly owns 3,112 shares in the company, valued at $1,781,868.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Credit Acceptance news, insider Douglas W. Busk sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $572.58, for a total value of $1,431,450.00. Following the completion of the transaction, the insider now directly owns 3,112 shares of the company’s stock, valued at $1,781,868.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas W. Busk sold 500 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $579.98, for a total transaction of $289,990.00. Following the completion of the transaction, the insider now directly owns 3,112 shares of the company’s stock, valued at $1,804,897.76. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Credit Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $381.75.

About Credit Acceptance

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.