Credit Acceptance Corporation (CACC)
| Market Cap | 7.46B |
| Revenue (ttm) | 1.86B |
| Net Income (ttm) | 970.50M |
| Shares Out | 13.14M |
| EPS (ttm) | 62.97 |
| PE Ratio | 9.01 |
| Forward PE | 12.44 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 96,664 |
| Open | 581.54 |
| Previous Close | 591.27 |
| Day's Range | 560.63 - 595.00 |
| 52-Week Range | 381.93 - 703.27 |
| Beta | 1.22 |
| Analysts | Sell |
| Price Target | 516.94 (-8.9%) |
| Earnings Date | May 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...
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 StatementsAnalyst 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.
News
3 No-Brainer Stocks to Buy for May
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Credit Acceptance (CACC) Up as Q1 Earnings Beat, Revenues Rise
Higher revenues and a fall in expenses support Credit Acceptance's (CACC) Q1 earnings.
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?
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...
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...
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...
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.
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
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?
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.
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?
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...
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...
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...
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?
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...
Credit Acceptance (CACC) Slips 3.7% Despite Q3 Earnings Beat
Higher revenues and robust loan balance support Credit Acceptance's (CACC) Q3 results.
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?
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...
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....
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...
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.
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...
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...