Shares of Credit Acceptance Corp. (NASDAQ:CACC) have earned an average recommendation of “Sell” from the ten ratings firms that are presently covering the company. Seven analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $170.36.

A number of equities research analysts recently commented on CACC shares. Credit Suisse Group AG downgraded shares of Credit Acceptance Corp. from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $200.00 to $185.00 in a research report on Wednesday, July 27th. Compass Point raised their price objective on shares of Credit Acceptance Corp. from $160.00 to $170.00 and gave the company a “neutral” rating in a research report on Monday, August 1st. Zacks Investment Research upgraded shares of Credit Acceptance Corp. from a “hold” rating to a “strong-buy” rating and set a $226.00 price objective for the company in a research report on Wednesday, August 3rd. Janney Montgomery Scott restated a “hold” rating on shares of Credit Acceptance Corp. in a research report on Thursday, September 22nd. Finally, Stephens started coverage on shares of Credit Acceptance Corp. in a research report on Tuesday, November 1st. They issued an “underweight” rating and a $170.00 price objective for the company.

In other news, major shareholder Jill Foss Watson sold 13,111 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $201.54, for a total transaction of $2,642,390.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 25.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Abrams Bison Investments LLC boosted its position in shares of Credit Acceptance Corp. by 9.8% in the first quarter. Abrams Bison Investments LLC now owns 1,091,474 shares of the company’s stock worth $198,157,000 after buying an additional 97,235 shares during the period. BloombergSen Inc. boosted its position in shares of Credit Acceptance Corp. by 0.9% in the second quarter. BloombergSen Inc. now owns 813,537 shares of the company’s stock worth $150,569,000 after buying an additional 6,998 shares during the period. Vanguard Group Inc. boosted its position in shares of Credit Acceptance Corp. by 7.1% in the second quarter. Vanguard Group Inc. now owns 719,102 shares of the company’s stock worth $133,091,000 after buying an additional 47,735 shares during the period. Beck Mack & Oliver LLC boosted its position in shares of Credit Acceptance Corp. by 3.5% in the second quarter. Beck Mack & Oliver LLC now owns 347,490 shares of the company’s stock worth $64,314,000 after buying an additional 11,725 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Credit Acceptance Corp. by 3.0% in the third quarter. PNC Financial Services Group Inc. now owns 315,741 shares of the company’s stock worth $63,485,000 after buying an additional 9,151 shares during the period. 47.87% of the stock is owned by institutional investors and hedge funds.

Shares of Credit Acceptance Corp. (NASDAQ:CACC) opened at 190.07 on Thursday. Credit Acceptance Corp. has a 52-week low of $160.63 and a 52-week high of $258.58. The stock has a 50 day moving average price of $185.54 and a 200-day moving average price of $188.05. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 12.03 and a beta of 0.69.

Credit Acceptance Corp. (NASDAQ:CACC) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $4.53 EPS for the quarter, beating the Zacks’ consensus estimate of $4.11 by $0.42. The firm earned $246 million during the quarter, compared to the consensus estimate of $244.65 million. Credit Acceptance Corp. had a net margin of 34.94% and a return on equity of 33.36%. The business’s revenue was up 17.3% on a year-over-year basis. On average, equities research analysts predict that Credit Acceptance Corp. will post $16.29 EPS for the current fiscal year.

About Credit Acceptance Corp.

Credit Acceptance Corporation (Credit Acceptance) is a provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The Company’s financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers, and from sales to customers responding to advertisements for it products.

5 Day Chart for NASDAQ:CACC

Receive News & Stock Ratings for Credit Acceptance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Acceptance Corp. and related stocks with our FREE daily email newsletter.