Credit Acceptance Corporation (CACC)

NASDAQ: CACC · IEX Real-Time Price · USD
528.90
+2.82 (0.54%)
Feb 2, 2023, 9:42 AM EST - Market open
0.54%
Market Cap 6.80B
Revenue (ttm) 1.84B
Net Income (ttm) 626.10M
Shares Out 12.92M
EPS (ttm) 44.16
PE Ratio 11.91
Forward PE 9.67
Dividend n/a
Ex-Dividend Date n/a
Volume 9,050
Open 470.89
Previous Close 526.08
Day's Range 523.04 - 536.83
52-Week Range 358.00 - 648.95
Beta 1.34
Analysts Sell
Price Target 425.34 (-19.58%)
Earnings Date Jan 31, 2023

About CACC

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. 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 was founde... [Read more]

Industry Credit Services
Sector Financials
IPO Date Jun 5, 1992
Employees 2,073
Stock Exchange NASDAQ
Ticker Symbol CACC
Full Company Profile

Financial Performance

In 2021, CACC's revenue was $1.86 billion, an increase of 11.18% compared to the previous year's $1.67 billion. Earnings were $958.30 million, an increase of 127.62%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for CACC stock is "Sell." The 12-month stock price forecast is $425.34, which is a decrease of -19.58% from the latest price.

Price Target
$425.34
(-19.58% downside)
Analyst Consensus: Sell
Stock Forecasts

News

CACC INVESTIGATION: Hagens Berman Encourages Credit Acceptance Corporation (CACC) Investors with Significant Losses to Contact Firm's Attorneys, Firm Investigating Possible Securities Law Violations

San Francisco, California--(Newsfile Corp. - February 1, 2023) - Hagens Berman urges Credit Acceptance Corporation (NASDAQ: CACC) investors who suffered significant losses to submit your losses now. V...

16 hours ago - Newsfile Corp

Credit Acceptance (CACC) Gains as Q4 Earnings Beat Estimates

Credit Acceptance (CACC) records a decline in GAAP revenues in the fourth quarter of 2022.

22 hours ago - Zacks Investment Research

Credit Acceptance (CACC) Surpasses Q4 Earnings and Revenue Estimates

Credit Acceptance (CACC) delivered earnings and revenue surprises of 24.25% and 5.18%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 day ago - Zacks Investment Research

Credit Acceptance Announces Fourth Quarter and Full Year 2022 Results

Southfield, Michigan, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolida...

1 day ago - GlobeNewsWire

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

NEW YORK , Jan. 31, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Credit Accepta...

1 day ago - PRNewsWire

Credit Acceptance Investor Alert

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Credit Acceptance To Contact Him Directly To Discuss Their OptionsNew York, New York--(N...

2 days ago - Newsfile Corp

Credit Acceptance Shareholder Action Reminder

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Credit Acceptance To Contact Him Directly To Discuss Their OptionsNew York, New York--(N...

6 days ago - Newsfile Corp

Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release and Webcast

Southfield, Michigan , Jan. 24, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we ...

1 week ago - GlobeNewsWire

Strength Seen in Credit Acceptance (CACC): Can Its 8.8% Jump Turn into More Strength?

Credit Acceptance (CACC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price incr...

1 week ago - Zacks Investment Research

CREDIT ACCEPTANCE INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Credit Acceptance To Contact Him Directly To Discuss Their Options

NEW YORK , Jan. 23, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Credit Acceptance Corp. ("Credit Acceptance" or the "Co...

1 week ago - PRNewsWire

CACC LOSS ALERT: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

NEW YORK , Jan. 23, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Credit Acceptan...

1 week ago - PRNewsWire

Credit Acceptance (CACC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Credit Acceptance (CACC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week ago - Zacks Investment Research

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Credit Acceptance Corporation (CACC) Investors with Significant Losses to Contact Firm's Attorneys, Firm Investigating Possible Securities Law Violations

San Francisco, California--(Newsfile Corp. - January 20, 2023) - Hagens Berman urges Credit Acceptance Corporation (NASDAQ: CACC) investors who suffered significant losses to submit your losses now. V...

1 week ago - Newsfile Corp

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credit Acceptance Corporation - CACC

NEW YORK , Jan. 19, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Credit Acceptance Corporation ("CAC" or the "Company") (NASDAQ: CACC).  Such investors are adv...

1 week ago - PRNewsWire

Credit Acceptance Corp. Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

Boston, Massachusetts--(Newsfile Corp. - January 17, 2023) - Block & Leviton is investigating Credit Acceptance Corp. (NASDAQ: CACC) for potential securities law violations. Investors who have lost mo...

2 weeks ago - Newsfile Corp

CACC INVESTOR NOTICE: ROSEN, A LEADING NATIONAL FIRM, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

NEW YORK , Jan. 16, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Credit Acceptan...

2 weeks ago - PRNewsWire

CACC EQUITY NOTICE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

New York, New York--(Newsfile Corp. - January 12, 2023) - WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders o...

2 weeks ago - Newsfile Corp

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Credit Acceptance Corporation and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - January 12, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of C...

3 weeks ago - Newsfile Corp

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Credit Acceptance Corporation and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - January 11, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of C...

3 weeks ago - Newsfile Corp

Credit Acceptance Named One of the Best and Brightest Companies to Work For® in the Nation

Southfield, Michigan, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq : CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) was recently named one o...

3 weeks ago - GlobeNewsWire

INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Credit Acceptance Corp.'s Directors and Officers for Breach of Fiduciary Duties – CACC

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether certain directors and officers ...

3 weeks ago - Business Wire

ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Credit Acceptance Corporation and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - January 10, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of C...

3 weeks ago - Newsfile Corp

CACC INVESTOR NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages Credit Acceptance Corporation Investors to Inquire About Securities Class Action Investigation - CACC

NEW YORK , Jan. 9, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Credit Acceptanc...

3 weeks ago - PRNewsWire

CACC ALERT: Hagens Berman, National Trial Attorneys, Encourages Credit Acceptance Corporation (CACC) Investors with Significant Losses to Contact Firm's Attorneys, NY AG Sues Company, Firm Investigating Possible Securities Law Violations

San Francisco, California--(Newsfile Corp. - January 9, 2023) - Hagens Berman urges Credit Acceptance Corporation (NASDAQ: CACC) investors who suffered significant losses to submit your losses now.Vis...

3 weeks ago - Newsfile Corp

ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Credit Acceptance Corporation and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - January 9, 2023) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cr...

3 weeks ago - Newsfile Corp