Credit Acceptance Co. (NASDAQ:CACC) Stock Holdings Boosted by Citadel Investment Advisory Inc.

Citadel Investment Advisory Inc. raised its stake in Credit Acceptance Co. (NASDAQ:CACC - Free Report) by 113.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,802 shares of the credit services provider's stock after buying an additional 1,490 shares during the quarter. Citadel Investment Advisory Inc.'s holdings in Credit Acceptance were worth $1,315,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in Credit Acceptance in the 4th quarter valued at about $28,000. Quest Partners LLC increased its position in Credit Acceptance by 11,900.0% during the third quarter. Quest Partners LLC now owns 120 shares of the credit services provider's stock worth $53,000 after buying an additional 119 shares during the period. nVerses Capital LLC grew its stake in shares of Credit Acceptance by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 300 shares of the credit services provider's stock valued at $133,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Credit Acceptance in the 4th quarter valued at approximately $142,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Credit Acceptance in the 3rd quarter valued at approximately $177,000. 81.71% of the stock is currently owned by hedge funds and other institutional investors.

Credit Acceptance Stock Down 0.1 %

CACC traded down $0.67 on Wednesday, reaching $518.05. The company's stock had a trading volume of 51,744 shares, compared to its average volume of 63,701. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 26.08 and a beta of 1.47. Credit Acceptance Co. has a 1 year low of $409.22 and a 1 year high of $614.96. The company has a debt-to-equity ratio of 3.79, a current ratio of 23.63 and a quick ratio of 23.63. The business's 50 day moving average is $484.22 and its 200 day moving average is $471.73.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $10.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.70 by $2.47. Credit Acceptance had a return on equity of 29.60% and a net margin of 11.46%. As a group, research analysts forecast that Credit Acceptance Co. will post 55.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CACC shares. TD Cowen decreased their price target on Credit Acceptance from $400.00 to $380.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Stephens upped their target price on Credit Acceptance from $452.00 to $500.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, StockNews.com upgraded Credit Acceptance from a "hold" rating to a "buy" rating in a research note on Friday, January 31st.

Insider Buying and Selling at Credit Acceptance

In other news, COO Jonathan Lum sold 552 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $489.90, for a total transaction of $270,424.80. Following the sale, the chief operating officer now directly owns 31,493 shares in the company, valued at approximately $15,428,420.70. This represents a 1.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.30% of the stock is currently owned by insiders.

Credit Acceptance Company Profile

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.