6,811 Shares in Credit Acceptance Co. (NASDAQ:CACC) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new position in shares of Credit Acceptance Co. (NASDAQ:CACC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,811 shares of the credit services provider's stock, valued at approximately $3,020,000. Oddo BHF Asset Management Sas owned about 0.06% of Credit Acceptance as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CACC. nVerses Capital LLC purchased a new stake in shares of Credit Acceptance in the second quarter valued at approximately $51,000. Quest Partners LLC boosted its stake 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 last quarter. Point72 Hong Kong Ltd purchased a new stake in Credit Acceptance in the 3rd quarter valued at $177,000. Headlands Technologies LLC increased its stake in shares of Credit Acceptance by 24,850.0% in the 2nd quarter. Headlands Technologies LLC now owns 499 shares of the credit services provider's stock worth $257,000 after acquiring an additional 497 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Credit Acceptance during the 2nd quarter worth $282,000. Institutional investors and hedge funds own 81.71% of the company's stock.

Credit Acceptance Trading Down 2.3 %

NASDAQ:CACC traded down $11.59 during trading hours on Friday, reaching $485.59. 52,282 shares of the stock were exchanged, compared to its average volume of 59,987. Credit Acceptance Co. has a twelve month low of $409.22 and a twelve month high of $616.66. The business has a 50-day moving average of $464.72 and a two-hundred day moving average of $479.64. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 32.61 and a beta of 1.46. The company has a quick ratio of 23.63, a current ratio of 23.63 and a debt-to-equity ratio of 3.79.

Credit Acceptance (NASDAQ:CACC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The credit services provider reported $8.79 EPS for the quarter, beating analysts' consensus estimates of $7.88 by $0.91. Credit Acceptance had a return on equity of 29.18% and a net margin of 9.08%. The company had revenue of $550.30 million during the quarter, compared to analysts' expectations of $548.13 million. During the same period last year, the business posted $10.70 EPS. Credit Acceptance's revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities analysts predict that Credit Acceptance Co. will post 36.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CACC shares. TD Cowen dropped their price objective on shares of Credit Acceptance from $400.00 to $380.00 and set a "sell" rating for the company in a report on Friday, November 1st. Stephens assumed coverage on Credit Acceptance in a research note on Wednesday, November 13th. They issued an "equal weight" rating and a $452.00 price target on the stock. Finally, StockNews.com upgraded shares of Credit Acceptance from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th.

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.