Credit Acceptance Co. (NASDAQ:CACC - Get Free Report) COO Jonathan Lum sold 552 shares of Credit Acceptance stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $489.90, for a total transaction of $270,424.80. Following the completion of the transaction, the chief operating officer now owns 31,493 shares in the company, valued at $15,428,420.70. This trade represents a 1.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Credit Acceptance Trading Down 1.7 %
Shares of NASDAQ CACC opened at $460.99 on Friday. Credit Acceptance Co. has a twelve month low of $409.22 and a twelve month high of $616.66. The company's fifty day moving average is $467.20 and its 200-day moving average is $479.51. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 30.96 and a beta of 1.46. The company has a quick ratio of 23.63, a current ratio of 23.63 and a debt-to-equity ratio of 3.79.
URGENT: This Altcoin Opportunity Won’t Wait – Act Now
From Crypto Swap Profits | Ad
Crypto has officially entered the "banana zone" – that wild phase where prices can 1000x in days.
It happens like clockwork every 4 years, during the December to February window of a Bitcoin halving year.
This is where fortunes are made – often LITERALLY overnight.
>> Register for the Workshop Now
Credit Acceptance (NASDAQ:CACC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $8.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.88 by $0.91. The company had revenue of $550.30 million during the quarter, compared to the consensus estimate of $548.13 million. Credit Acceptance had a net margin of 9.08% and a return on equity of 29.18%. The firm's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.70 earnings per share. Equities research analysts predict that Credit Acceptance Co. will post 36.54 EPS for the current year.
Hedge Funds Weigh In On Credit Acceptance
Large investors have recently bought and sold shares of the company. Oddo BHF Asset Management Sas bought a new stake in shares of Credit Acceptance during the 3rd quarter worth approximately $3,020,000. Geode Capital Management LLC lifted its position in Credit Acceptance by 2.3% during the third quarter. Geode Capital Management LLC now owns 111,379 shares of the credit services provider's stock worth $49,401,000 after acquiring an additional 2,522 shares during the last quarter. Barclays PLC boosted its holdings in shares of Credit Acceptance by 85.8% during the third quarter. Barclays PLC now owns 5,241 shares of the credit services provider's stock worth $2,324,000 after acquiring an additional 2,420 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Credit Acceptance during the third quarter worth approximately $245,000. Finally, Janus Henderson Group PLC lifted its holdings in Credit Acceptance by 11.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,340 shares of the credit services provider's stock worth $1,481,000 after purchasing an additional 343 shares during the last quarter. Institutional investors and hedge funds own 81.71% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on CACC shares. Stephens assumed coverage on shares of Credit Acceptance in a research report on Wednesday, November 13th. They set an "equal weight" rating and a $452.00 price objective for the company. TD Cowen reduced their target price on Credit Acceptance from $400.00 to $380.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Credit Acceptance from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th.
Check Out Our Latest Research Report on CACC
About Credit Acceptance
(
Get Free Report)
Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
