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Credit Acceptance Corporation (CACC)

NASDAQ: CACC · Delayed Price · USD
596.12 -2.72 (-0.45%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap9.34B
Revenue (ttm)1.80B
Net Income (ttm)899.10M
Shares Out15.67M
EPS (ttm)51.70
PE Ratio11.53
Forward PE16.47
Dividendn/a
Ex-Dividend Daten/a
Volume387,072
Open599.78
Previous Close598.84
Day's Range587.77 - 604.18
52-Week Range266.74 - 671.12
Beta1.26
AnalystsHold
Price Target395.67 (-33.6%)
Est. Earnings DateOct 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...

IndustryConsumer Finance
IPO DateJun 5, 1992
Employees2,033
Stock ExchangeNASDAQ
Ticker SymbolCACC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$395.67
(-33.63% downside)
Analyst Consensus: Hold

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.

Other symbols:CASHUFPTWST
4 days ago - Zacks Investment Research

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.

Other symbols:ALLYWRLD
2 weeks ago - Zacks Investment Research

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...

2 weeks ago - GlobeNewsWire

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.

2 weeks ago - Zacks Investment Research

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.

2 weeks ago - Zacks Investment Research

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...

2 weeks ago - GlobeNewsWire

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.

2 weeks ago - Zacks Investment Research

Credit Acceptance (CACC) Q2 Earnings Beat, Revenues Rise Y/Y

Higher revenues and provision benefit support Credit Acceptance's (CACC) Q2 earnings.

1 month ago - Zacks Investment Research

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?

1 month ago - Zacks Investment Research

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...

1 month ago - GlobeNewsWire

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....

Other symbols:AUTOL
1 month ago - GuruFocus

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.

1 month ago - Zacks Investment Research

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...

1 month ago - GlobeNewsWire

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...

1 month ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

Top 3 Stocks to Buy From the Prospering Consumer Loan Industry

Top 3 Stocks to Buy From the Prospering Consumer Loan Industry

Other symbols:DFSNAVI
3 months ago - Zacks Investment Research

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...

3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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.

Other symbols:ANTMAONGOOGLVVV
3 months ago - GuruFocus

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 ...

3 months ago - GlobeNewsWire

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 ...

4 months ago - GlobeNewsWire

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.

Other symbols:CPRTFIZZNRC
4 months ago - GuruFocus

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.

4 months ago - Zacks Investment Research

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?

4 months ago - Zacks Investment Research