Credit Acceptance Corporation (CACC)

NASDAQ: CACC · IEX Real-Time Price · USD
567.67
-23.60 (-3.99%)
At close: May 19, 2022 4:00 PM
569.88
2.21 (0.39%)
After-hours:May 19, 2022 4:25 PM EDT
Market Cap7.46B
Revenue (ttm)1.86B
Net Income (ttm)970.50M
Shares Out13.14M
EPS (ttm)62.97
PE Ratio9.01
Forward PE12.44
Dividendn/a
Ex-Dividend Daten/a
Volume96,664
Open581.54
Previous Close591.27
Day's Range560.63 - 595.00
52-Week Range381.93 - 703.27
Beta1.22
AnalystsSell
Price Target516.94 (-8.9%)
Earnings DateMay 2, 2022

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...

IndustryConsumer Finance
IPO DateJun 5, 1992
Employees2,073
Stock ExchangeNASDAQ
Ticker SymbolCACC
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 516.94, which is a decrease of -8.94% from the latest price.

Price Target
$516.94
(-8.94% downside)
Analyst Consensus: Sell
Stock Forecasts

News

3 No-Brainer Stocks to Buy for May

Stock investing is not easy but these 3 no-brainer stocks to buy based on their latest earnings have increased their odds of performing well in May. The post 3 No-Brainer Stocks to Buy for May appeared ...

Other symbols:CCMHK
1 week ago - InvestorPlace

Credit Acceptance (CACC) Up as Q1 Earnings Beat, Revenues Rise

Higher revenues and a fall in expenses support Credit Acceptance's (CACC) Q1 earnings.

2 weeks ago - Zacks Investment Research

Credit Acceptance (CACC) Beats Q1 Earnings and Revenue Estimates

Credit Acceptance (CACC) delivered earnings and revenue surprises of 13.79% and 2.72%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Credit Acceptance Announces First Quarter 2022 Results

Southfield, Michigan , May 02, 2022 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidate...

2 weeks ago - GlobeNewsWire

Credit Acceptance Announces Timing of First Quarter 2022 Earnings Release and Webcast

Southfield, Michigan , April 25, 2022 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we e...

3 weeks ago - GlobeNewsWire

Credit Acceptance Announces Andrew Rostami as Chief Marketing and Product Officer

Southfield, Michigan, April 13, 2022 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that Andre...

1 month ago - GlobeNewsWire

Rise in Auto Loans Aid Credit Acceptance (CACC) Amid High Costs

Credit Acceptance's (CACC) revenues will likely continue to improve, supported by the decent rise in dealer enrollments and active dealers. Yet, elevated costs might hurt profits.

1 month ago - Zacks Investment Research

New Strong Sell Stocks for March 4th

AMED, CACC, and EXPO have been added to the Zacks Rank #5 (Strong Sell) List on March 4, 2022

Other symbols:AMEDEXPO
2 months ago - Zacks Investment Research

Credit Acceptance (CACC) Up 1.1% Since Last Earnings Report: Can It Continue?

Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Credit Acceptance (CACC) Q4 Earnings Beat, Revenues & Costs Up

Credit Acceptance (CACC) records a rise in revenues and expenses in the fourth quarter of 2021.

3 months ago - Zacks Investment Research

Credit Acceptance (CACC) Q4 Earnings and Revenues Surpass Estimates

Credit Acceptance (CACC) delivered earnings and revenue surprises of 14.78% and 1.09%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Credit Acceptance Announces Fourth Quarter and Full Year 2021 Results

Southfield, Michigan , Jan. 31, 2022 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidat...

3 months ago - GlobeNewsWire

Credit Acceptance Announces Timing of Fourth Quarter and Full Year 2021 Earnings Release and Webcast

Southfield, Michigan, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we exp...

3 months ago - GlobeNewsWire

Credit Acceptance Named One of the Best and Brightest Companies to Work For® in the Nation and a 2021 National Best a...

Southfield, Michigan, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of the B...

5 months ago - GlobeNewsWire

Credit Acceptance (CACC) Down 6.8% Since Last Earnings Report: Can It Rebound?

Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?

5 months ago - Zacks Investment Research

Credit Acceptance Named to the Detroit Free Press 2021 Top Workplaces List

Southfield, Michigan, Nov. 17, 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...

6 months ago - GlobeNewsWire

Credit Acceptance (CACC) Slips 3.7% Despite Q3 Earnings Beat

Higher revenues and robust loan balance support Credit Acceptance's (CACC) Q3 results.

6 months ago - Zacks Investment Research

Credit Acceptance (CACC) Q3 Earnings and Revenues Beat Estimates

Credit Acceptance (CACC) delivered earnings and revenue surprises of 32.13% and 2.93%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Credit Acceptance Announces Third Quarter 2021 Results

Southfield, Michigan, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidate...

6 months ago - GlobeNewsWire

Credit Acceptance Announces Completion of $250.1 Million Asset-Backed Financing

Southfield, Michigan , Oct. 28, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $250....

6 months ago - GlobeNewsWire

Credit Acceptance Announces Timing of Third Quarter 2021 Earnings Release and Webcast

Southfield, Michigan, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we exp...

6 months ago - GlobeNewsWire

Best Momentum Stocks to Buy for October 22nd

HLI, OVV, and CACC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 22, 2021.

Other symbols:HLIOVV
6 months ago - Zacks Investment Research

4 Top Consumer Loan Stocks to Buy From a Booming Industry

Low interest rates and weak consumer sentiments hurt the interest income of Zacks Consumer Loans industry players. Yet, robust asset quality and efforts to digitize operations will support consumer loan...

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6 months ago - Zacks Investment Research

Zuckerberg's Choice

We have entered the phase when the body politic and public opinion are aware that Facebook ( FB , Financial) is disturbing our society. This is very important to us as investors, because the big tech co...

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7 months ago - GuruFocus

Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility

Southfield, Michigan , Oct. 15, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we ex...

7 months ago - GlobeNewsWire