Credit Acceptance Corp. (CACC) Insider Douglas W. Busk Sells 1,000 Shares

Credit Acceptance Corp. (NASDAQ:CACC) insider Douglas W. Busk sold 1,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $319.86, for a total transaction of $319,860.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Credit Acceptance Corp. (NASDAQ CACC) opened at $312.81 on Friday. The company has a quick ratio of 17.63, a current ratio of 17.63 and a debt-to-equity ratio of 2.12. The firm has a market cap of $5,896.90, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 0.65 and a beta of 0.57. Credit Acceptance Corp. has a twelve month low of $182.50 and a twelve month high of $377.82.

Credit Acceptance (NASDAQ:CACC) last posted its earnings results on Tuesday, January 30th. The credit services provider reported $5.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.53 by ($0.37). The firm had revenue of $287.30 million during the quarter, compared to analyst estimates of $287.37 million. Credit Acceptance had a return on equity of 31.87% and a net margin of 42.36%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $4.79 earnings per share. sell-side analysts anticipate that Credit Acceptance Corp. will post 26.03 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ARP Americas LP acquired a new stake in Credit Acceptance in the fourth quarter worth $403,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Credit Acceptance during the fourth quarter worth $6,269,000. UBS Asset Management Americas Inc. raised its holdings in shares of Credit Acceptance by 151.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 17,776 shares of the credit services provider’s stock worth $5,750,000 after acquiring an additional 10,716 shares during the period. BlackRock Inc. raised its holdings in shares of Credit Acceptance by 1.3% during the fourth quarter. BlackRock Inc. now owns 484,188 shares of the credit services provider’s stock worth $156,624,000 after acquiring an additional 6,036 shares during the period. Finally, Schroder Investment Management Group raised its holdings in shares of Credit Acceptance by 5,483.8% during the fourth quarter. Schroder Investment Management Group now owns 206,600 shares of the credit services provider’s stock worth $66,831,000 after acquiring an additional 202,900 shares during the period. Institutional investors own 70.77% of the company’s stock.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Credit Acceptance from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets cut their price objective on shares of Credit Acceptance from $312.00 to $295.00 and set a “market perform” rating on the stock in a report on Thursday, February 1st. Credit Suisse Group increased their target price on shares of Credit Acceptance from $200.00 to $225.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. Oppenheimer increased their target price on shares of Credit Acceptance from $355.00 to $387.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, JMP Securities increased their target price on shares of Credit Acceptance from $195.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Credit Acceptance has an average rating of “Hold” and an average target price of $283.22.

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Credit Acceptance Company Profile

Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans.

Insider Buying and Selling by Quarter for Credit Acceptance (NASDAQ:CACC)

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