Credit Acceptance Corporation (CACC)
| Market Cap | 9.34B |
| Revenue (ttm) | 1.80B |
| Net Income (ttm) | 899.10M |
| Shares Out | 15.67M |
| EPS (ttm) | 51.70 |
| PE Ratio | 11.53 |
| Forward PE | 16.47 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 387,072 |
| Open | 599.78 |
| Previous Close | 598.84 |
| Day's Range | 587.77 - 604.18 |
| 52-Week Range | 266.74 - 671.12 |
| Beta | 1.26 |
| Analysts | Hold |
| Price Target | 395.67 (-33.6%) |
| Est. Earnings Date | Oct 28, 2021 |
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. Credit Acceptance Corp...
Financial Performance
In 2020, CACC's revenue was $1.67 billion, an increase of 12.11% compared to the previous year's $1.49 billion. Earnings were $421.00 million, a decrease of -35.83%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for CACC stock is "Hold." The 12-month stock price forecast is 395.67, which is a decrease of -33.63% from the latest price.
News
Top Ranked Momentum Stocks to Buy for September 15th
CACC, UFPT, WST, and CASH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 15, 2021.
Boost Your Portfolio With These Top 3 Consumer Loan Stocks
ALLY, WRLD and CACC seem tailor-made for the investment portfolio at a time when the consumer loan industry is reaping the fruits of economic recovery and the consumer turnaround in the market.
Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility
Southfield, Michigan, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we ex...
Credit Acceptance (CACC) Settles Auto-Loan Lawsuit, To Pay $27.2M
Credit Acceptance (CACC) agrees to pay $27.2 million to settle the lawsuit filed by the Massachusetts Attorney General in August 2020 claiming that the company deceived auto-lending practices.
Increased Earnings Estimates Seen for Credit Acceptance (CACC): Can It Move Higher?
Credit Acceptance (CACC) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
Credit Acceptance Pleased to Announce Resolution of Litigation With Massachusetts Attorney General
Southfield, Michigan, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the finali...
Why Credit Acceptance (CACC) Stock Might be a Great Pick
Credit Acceptance (CACC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Credit Acceptance (CACC) Q2 Earnings Beat, Revenues Rise Y/Y
Higher revenues and provision benefit support Credit Acceptance's (CACC) Q2 earnings.
Credit Acceptance (CACC) Q2 Earnings and Revenues Surpass Estimates
Credit Acceptance (CACC) delivered earnings and revenue surprises of 70.44% and 3.31%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Credit Acceptance Announces Second Quarter 2021 Results
Southfield, Michigan, July 29, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidate...
A Trio of Stocks With High Forward Rates of Return
Donald Yacktman, a well-known value investor and founder of the AMG Yacktman Fund (Trades, Portfolio), takes the "forward rate of return" into consideration when assessing the attractiveness of a stock....
Credit Acceptance (CACC) to Report Q2 Results: Wall Street Expects Earnings Growth
Credit Acceptance (CACC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Credit Acceptance Announces Timing of Second Quarter 2021 Earnings Release and Webcast
Southfield, Michigan, July 22, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we exp...
Credit Acceptance Honored by Crain's Detroit Business
Southfield, Michigan, July 21, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named by Crain's D...
Credit Acceptance Named One of the Best Workplaces for Millennials by Great Place to Work® and Fortune
Southfield, Michigan, July 19, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has earned an award based o...
Credit Acceptance Named #8 Midsize Company in IDG's Insider Pro and Computerworld 2021 Best Places to Work in IT
Southfield, Michigan, July 12, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named in IDG's Ins...
Top 3 Stocks to Buy From the Prospering Consumer Loan Industry
Top 3 Stocks to Buy From the Prospering Consumer Loan Industry
Credit Acceptance (CACC) Surges 3.1%: Is This an Indication of Further Gains?
Credit Acceptance (CACC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near t...
Credit Acceptance (CACC): Strong Industry, Solid Earnings Estimate Revisions
Credit Acceptance (CACC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Glenn Greenberg's Top 1st-Quarter Trades
Glenn Greenberg (Trades, Portfolio)'s Brave Warrior Advisors recently disclosed its portfolio updates for the first quarter of 2021, which ended on March 31.
Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing
Southfield, Michigan, May 20, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $450.0 ...
Credit Acceptance Named to the 2021 Nevada Top Workplaces List
Southfield, Michigan, May 18, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been awarded a 2021 Top ...
CEO Letters That Demonstrate Shareholder Orientation
It has been more than half a year since I last published here. First of all, thanks for all the emails and messages during my "absence.
Credit Acceptance (CACC) Q1 Earnings Beat, Provisions Down Y/Y
Credit Acceptance (CACC) witnesses a rise in revenues and higher expenses in the first quarter of 2021.
Credit Acceptance (CACC) Q1 Earnings and Revenues Beat Estimates
Credit Acceptance (CACC) delivered earnings and revenue surprises of 40.05% and 5.40%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?