Credit Acceptance Corp. (NASDAQ:CACC) major shareholder Jill Foss Watson sold 20,878 shares of the stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $203.91, for a total transaction of $4,257,232.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Jill Foss Watson also recently made the following trade(s):

  • On Wednesday, March 15th, Jill Foss Watson sold 35,086 shares of Credit Acceptance Corp. stock. The stock was sold at an average price of $199.57, for a total transaction of $7,002,113.02.
  • On Monday, March 13th, Jill Foss Watson sold 18,043 shares of Credit Acceptance Corp. stock. The stock was sold at an average price of $197.78, for a total transaction of $3,568,544.54.
  • On Thursday, March 9th, Jill Foss Watson sold 9,450 shares of Credit Acceptance Corp. stock. The stock was sold at an average price of $198.20, for a total transaction of $1,872,990.00.
  • On Tuesday, March 7th, Jill Foss Watson sold 16,543 shares of Credit Acceptance Corp. stock. The stock was sold at an average price of $198.44, for a total transaction of $3,282,792.92.

Shares of Credit Acceptance Corp. (NASDAQ:CACC) traded up 0.02% during midday trading on Monday, reaching $202.79. 258,311 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $200.31 and its 200 day moving average price is $197.99. Credit Acceptance Corp. has a one year low of $160.63 and a one year high of $221.10. The firm has a market capitalization of $4.04 billion, a PE ratio of 12.43 and a beta of 0.76.

Credit Acceptance Corp. (NASDAQ:CACC) last issued its earnings results on Tuesday, January 31st. The company reported $4.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.26 by $0.53. Credit Acceptance Corp. had a return on equity of 33.44% and a net margin of 34.34%. The business earned $236.20 million during the quarter, compared to analyst estimates of $250.54 million. During the same quarter in the previous year, the firm earned $4.00 EPS. Credit Acceptance Corp.’s revenue was up 17.6% on a year-over-year basis. On average, equities research analysts expect that Credit Acceptance Corp. will post $18.26 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Credit Acceptance Corp. (NASDAQ:CACC)

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A number of institutional investors have recently modified their holdings of the company. Stevens Capital Management LP acquired a new position in shares of Credit Acceptance Corp. during the third quarter worth $204,000. Pacer Advisors Inc. raised its position in shares of Credit Acceptance Corp. by 15.9% in the third quarter. Pacer Advisors Inc. now owns 1,188 shares of the company’s stock worth $239,000 after buying an additional 163 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Credit Acceptance Corp. by 18.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,227 shares of the company’s stock worth $247,000 after buying an additional 190 shares during the period. TLP Group LLC acquired a new position in shares of Credit Acceptance Corp. during the third quarter worth $257,000. Finally, Highland Capital Management LLC raised its position in shares of Credit Acceptance Corp. by 0.9% in the third quarter. Highland Capital Management LLC now owns 2,168 shares of the company’s stock worth $436,000 after buying an additional 19 shares during the period. 52.09% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on CACC shares. Jefferies Group LLC reiterated a “hold” rating and set a $215.00 target price on shares of Credit Acceptance Corp. in a research report on Wednesday, January 11th. Susquehanna Bancshares Inc began coverage on shares of Credit Acceptance Corp. in a research report on Monday, January 23rd. They issued a “neutral” rating and a $226.00 price objective for the company. Janney Montgomery Scott lowered shares of Credit Acceptance Corp. from a “neutral” rating to a “sell” rating in a research report on Friday, February 17th. Stephens set a $170.00 price objective on shares of Credit Acceptance Corp. and gave the company a “sell” rating in a research report on Wednesday, February 8th. Finally, Credit Suisse Group AG restated a “sell” rating and issued a $190.00 price objective on shares of Credit Acceptance Corp. in a research report on Sunday, February 5th. Five investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Credit Acceptance Corp. currently has an average rating of “Sell” and an average price target of $185.00.

About Credit Acceptance Corp.

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

5 Day Chart for NASDAQ:CACC

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