Credit Acceptance Corp. (CACC) Insider Prescott General Partners Llc Sells 20,273 Shares of Stock

Credit Acceptance Corp. (NASDAQ:CACC) insider Prescott General Partners Llc sold 20,273 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $418.53, for a total transaction of $8,484,858.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Prescott General Partners Llc also recently made the following trade(s):

  • On Friday, August 24th, Prescott General Partners Llc sold 1,300 shares of Credit Acceptance stock. The stock was sold at an average price of $447.56, for a total transaction of $581,828.00.
  • On Monday, August 27th, Prescott General Partners Llc sold 36,900 shares of Credit Acceptance stock. The stock was sold at an average price of $453.38, for a total transaction of $16,729,722.00.

Shares of Credit Acceptance stock traded up $0.73 during trading on Thursday, hitting $423.62. 1,818 shares of the company’s stock were exchanged, compared to its average volume of 99,434. The company has a debt-to-equity ratio of 1.97, a current ratio of 36.75 and a quick ratio of 36.75. Credit Acceptance Corp. has a 52-week low of $278.38 and a 52-week high of $467.26. The stock has a market cap of $8.05 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 0.90 and a beta of 0.56.

Credit Acceptance (NASDAQ:CACC) last issued its earnings results on Monday, October 29th. The credit services provider reported $7.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.90 by $0.85. Credit Acceptance had a net margin of 48.70% and a return on equity of 28.83%. The firm had revenue of $332.00 million during the quarter, compared to analysts’ expectations of $327.45 million. During the same quarter last year, the company posted $5.43 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. As a group, equities analysts expect that Credit Acceptance Corp. will post 27.08 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of Credit Acceptance by 4.4% during the second quarter. BlackRock Inc. now owns 509,990 shares of the credit services provider’s stock worth $180,231,000 after purchasing an additional 21,628 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Credit Acceptance by 4.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 86,218 shares of the credit services provider’s stock worth $30,470,000 after purchasing an additional 3,356 shares during the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Credit Acceptance during the second quarter worth $25,211,000. Northern Trust Corp raised its holdings in shares of Credit Acceptance by 5.7% during the second quarter. Northern Trust Corp now owns 69,607 shares of the credit services provider’s stock worth $24,599,000 after purchasing an additional 3,758 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Credit Acceptance by 142.2% during the second quarter. Janus Henderson Group PLC now owns 29,154 shares of the credit services provider’s stock worth $10,303,000 after purchasing an additional 17,115 shares during the last quarter. 67.56% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on CACC. Credit Suisse Group raised their price target on shares of Credit Acceptance from $310.00 to $335.00 and gave the stock an “underperform” rating in a report on Tuesday, October 30th. JMP Securities raised their price target on shares of Credit Acceptance from $260.00 to $350.00 and gave the stock a “market underperform” rating in a report on Thursday, August 2nd. Oppenheimer set a $400.00 price target on shares of Credit Acceptance and gave the stock a “buy” rating in a report on Tuesday, July 31st. BidaskClub raised shares of Credit Acceptance from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, BMO Capital Markets raised their price target on shares of Credit Acceptance from $312.00 to $333.00 and gave the stock a “market perform” rating in a report on Thursday, November 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $366.57.

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About Credit Acceptance

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers.

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

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