CACC stock icon

Credit Acceptance

451.43 USD
+7.98
1.80%
At close Oct 9, 4:00 PM EDT
1 day
1.80%
5 days
3.94%
1 month
0.95%
3 months
-13.84%
6 months
-18.85%
Year to date
-16.42%
1 year
4.07%
5 years
1.97%
 

About: Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.

Employees: 2,232

0
Funds holding %
of 6,740 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

21% more call options, than puts

Call options by funds: $30.8M | Put options by funds: $25.4M

7% more funds holding in top 10

Funds holding in top 10: 14 [Q1] → 15 (+1) [Q2]

0.38% more ownership

Funds ownership: 65.41% [Q1] → 65.8% (+0.38%) [Q2]

8% less repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 77

8% less capital invested

Capital invested by funds: $4.44B [Q1] → $4.1B (-$336M) [Q2]

11% less funds holding

Funds holding: 259 [Q1] → 230 (-29) [Q2]

54% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 54

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$400
11%
downside
Avg. target
$400
11%
downside
High target
$400
11%
downside

1 analyst rating

positive
0%
neutral
0%
negative
100%
TD Cowen
Moshe Orenbuch
71% 1-year accuracy
10 / 14 met price target
11%downside
$400
Sell
Maintained
1 Aug 2024

Financial journalist opinion

Based on 5 articles about CACC published over the past 30 days

Charts implemented using Lightweight Charts™