Credit Acceptance (CACC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $441.35 to $454.02
• 50-Day Range: $417.33 to $480.90
• 52-Week Range: $409.22 to $616.66
• Volume: 52,068 shs
• Average Volume: 83,909 shs
• Market Capitalization: $5.42 billion
• P/E Ratio: 30.06
• Dividend Yield: N/A
• Price Target: $416.00
• Consensus Rating: Reduce

Credit Acceptance Stock Analysis - MarketRank™

Credit Acceptance scored higher than 63% of companies evaluated by MarketBeat, and ranked 485th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Credit Acceptance has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Credit Acceptance has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 54.33%

Earnings Growth

Earnings for Credit Acceptance are expected to grow by 54.33% in the coming year, from $37.14 to $57.32 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Credit Acceptance is 30.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Credit Acceptance is 30.06, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.60.

Price to Book Value per Share Ratio

Credit Acceptance has a P/B Ratio of 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.42% of the float of Credit Acceptance has been sold short.

Short Interest Ratio / Days to Cover

Credit Acceptance has a short interest ratio ("days to cover") of 9.9.

Change versus previous month

Short interest in Credit Acceptance has recently increased by 2.90%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Credit Acceptance does not currently pay a dividend.

Dividend Growth

Credit Acceptance does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -0.24

Percentage of Shares Shorted

8.42% of the float of Credit Acceptance has been sold short.

Short Interest Ratio / Days to Cover

Credit Acceptance has a short interest ratio ("days to cover") of 9.9.

Change versus previous month

Short interest in Credit Acceptance has recently increased by 2.90%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.30

News Sentiment

Credit Acceptance has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Credit Acceptance this week, compared to 3 articles on an average week.

MarketBeat Follows

2 people have added Credit Acceptance to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Credit Acceptance insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $541,212.00 in company stock.

Percentage Held by Insiders

Only 5.30% of the stock of Credit Acceptance is held by insiders.

Percentage Held by Institutions

81.71% of the stock of Credit Acceptance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CACC Stock Analysis - Frequently Asked Questions

How have CACC shares performed this year?

Credit Acceptance's stock was trading at $532.73 at the start of the year. Since then, CACC shares have decreased by 16.0% and is now trading at $447.57.
View the best growth stocks for 2024 here.

How were Credit Acceptance's earnings last quarter?

Credit Acceptance Co. (NASDAQ:CACC) announced its quarterly earnings results on Wednesday, October, 30th. The credit services provider reported $8.79 EPS for the quarter, beating the consensus estimate of $7.88 by $0.91. The business's revenue was up 15.0% compared to the same quarter last year.

Who are Credit Acceptance's major shareholders?

Credit Acceptance's top institutional shareholders include Ruane Cunniff & Goldfarb L.P. (5.63%), Wellington Management Group LLP (4.48%), Abrams Bison Investments LLC (1.89%) and Cantillon Capital Management LLC (1.87%). Insiders that own company stock include A Foss Irrevocable Tru Donald, Prescott General Partners Llc, Andrew K Rostami, Douglas W Busk, Wendy A Rummler and Thomas N Tryforos.
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.

What other stocks do shareholders of Credit Acceptance own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Credit Acceptance investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Advanced Micro Devices (AMD), Intuit (INTU) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Personal credit institutions
• Sub-Industry: Consumer Finance
• Current Symbol: NASDAQ:CACC
• CUSIP: 22531010
• CIK: 885550
• Web: www.creditacceptance.com
• Phone: (248) 353-2700
• Fax: 248-353-9776
• Employees: 2,232
• Year Founded: 1972

Price Target and Rating

• Average Stock Price Target: $416.00
• High Stock Price Target: $452.00
• Low Stock Price Target: $380.00
• Potential Upside/Downside: -7.1%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $14.89
• Trailing P/E Ratio: 30.06
• Forward P/E Ratio: 12.05
• P/E Growth: N/A
• Net Income: $286.10 million
• Net Margins: 9.08%
• Pretax Margin: 12.16%
• Return on Equity: 29.18%
• Return on Assets: 5.91%

Debt

• Debt-to-Equity Ratio: 3.79
• Current Ratio: 23.63
• Quick Ratio: 23.63

Sales & Book Value

• Annual Sales: $2.06 billion
• Price / Sales: 2.63
• Cash Flow: $44.98 per share
• Price / Cash Flow: 9.95
• Book Value: $139.55 per share
• Price / Book: 3.21

Miscellaneous

• Outstanding Shares: 12,112,000
• Free Float: 11,470,000
• Market Cap: $5.42 billion
• Optionable: Optionable
• Beta: 1.42