Credit Acceptance Co. (NASDAQ:CACC – Get Free Report) insider Douglas W. Busk sold 2,500 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,781,868.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Credit Acceptance Price Performance
CACC opened at $551.60 on Thursday. The stock has a 50-day moving average price of $552.99 and a 200-day moving average price of $497.03. The company has a debt-to-equity ratio of 2.84, a current ratio of 15.71 and a quick ratio of 15.71. The firm has a market cap of $6.78 billion, a PE ratio of 25.05 and a beta of 1.46. Credit Acceptance Co. has a 1 year low of $379.77 and a 1 year high of $616.66.
Credit Acceptance (NASDAQ:CACC – Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $10.06 EPS for the quarter, topping the consensus estimate of $9.17 by $0.89. Credit Acceptance had a return on equity of 30.94% and a net margin of 15.04%. The company had revenue of $491.60 million during the quarter, compared to the consensus estimate of $478.80 million. Sell-side analysts predict that Credit Acceptance Co. will post 41.06 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on CACC
Institutional Investors Weigh In On Credit Acceptance
Several large investors have recently bought and sold shares of CACC. AdvisorNet Financial Inc bought a new stake in Credit Acceptance in the 3rd quarter worth about $46,000. NewEdge Advisors LLC increased its holdings in Credit Acceptance by 289.7% in the 1st quarter. NewEdge Advisors LLC now owns 113 shares of the credit services provider’s stock worth $49,000 after buying an additional 84 shares in the last quarter. KBC Group NV bought a new stake in Credit Acceptance in the 4th quarter worth about $63,000. Whittier Trust Co. bought a new stake in shares of Credit Acceptance during the 4th quarter valued at about $74,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Credit Acceptance by 217.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 146 shares of the credit services provider’s stock valued at $78,000 after purchasing an additional 100 shares during the period. 81.71% of the stock is currently owned by institutional investors.
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.
Further Reading
- Five stocks we like better than Credit Acceptance
- Investing in Commodities: What Are They? How to Invest in Them
- Best Bear Market Funds: Top 3 Investment Options to Consider
- What is an Earnings Surprise?
- Is DraftKings A Good Bet Ahead of Q1 Earnings?
- The Role Economic Reports Play in a Successful Investment Strategy
- Mid-Cap Stocks to Outperform the Market This Cycle
Receive News & Ratings for Credit Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Acceptance and related companies with MarketBeat.com's FREE daily email newsletter.