Credit Acceptance Corporation (NASDAQ:CACC) major shareholder Jill Foss Watson sold 19,424 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $225.80, for a total value of $4,385,939.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, June 8th, Jill Foss Watson sold 4,947 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $225.63, for a total value of $1,116,191.61.
  • On Tuesday, June 6th, Jill Foss Watson sold 19,433 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $221.99, for a total value of $4,313,931.67.
  • On Monday, June 5th, Jill Foss Watson sold 21,017 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $221.99, for a total value of $4,665,563.83.
  • On Friday, June 2nd, Jill Foss Watson sold 10,112 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $219.61, for a total value of $2,220,696.32.
  • On Thursday, June 1st, Jill Foss Watson sold 26,051 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $217.84, for a total value of $5,674,949.84.
  • On Thursday, May 25th, Jill Foss Watson sold 16,675 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $219.42, for a total value of $3,658,828.50.
  • On Friday, May 26th, Jill Foss Watson sold 16,370 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $218.36, for a total value of $3,574,553.20.
  • On Wednesday, May 24th, Jill Foss Watson sold 25,163 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $224.23, for a total value of $5,642,299.49.
  • On Tuesday, May 23rd, Jill Foss Watson sold 26,364 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $227.02, for a total value of $5,985,155.28.
  • On Monday, May 22nd, Jill Foss Watson sold 18,700 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $224.59, for a total value of $4,199,833.00.

Credit Acceptance Corporation (NASDAQ:CACC) traded up 0.79% on Friday, reaching $239.05. The company’s stock had a trading volume of 302,465 shares. The firm has a market cap of $4.71 billion, a P/E ratio of 13.75 and a beta of 0.52. The firm’s 50 day moving average is $221.12 and its 200-day moving average is $206.86. Credit Acceptance Corporation has a 12 month low of $160.63 and a 12 month high of $243.86.

Credit Acceptance Corporation (NASDAQ:CACC) last posted its earnings results on Monday, May 1st. The credit services provider reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $0.29. The firm had revenue of $262.80 million for the quarter, compared to analysts’ expectations of $259.24 million. Credit Acceptance Corporation had a net margin of 35.03% and a return on equity of 32.36%. On average, equities research analysts anticipate that Credit Acceptance Corporation will post $18.74 EPS for the current year.

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

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CACC has been the topic of a number of research analyst reports. Janney Montgomery Scott lowered Credit Acceptance Corporation from a “neutral” rating to a “sell” rating in a research report on Friday, February 17th. Credit Suisse Group restated a “hold” rating and set a $190.00 price target on shares of Credit Acceptance Corporation in a research report on Friday, April 7th. Jefferies Group LLC restated a “hold” rating and set a $215.00 price target on shares of Credit Acceptance Corporation in a research report on Friday, April 7th. BMO Capital Markets restated a “hold” rating and set a $212.00 price target on shares of Credit Acceptance Corporation in a research report on Tuesday, April 11th. Finally, Zacks Investment Research upgraded Credit Acceptance Corporation from a “hold” rating to a “strong-buy” rating and set a $248.00 price target on the stock in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $205.63.

Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Credit Acceptance Corporation during the fourth quarter worth approximately $27,279,000. Franklin Resources Inc. acquired a new position in shares of Credit Acceptance Corporation during the fourth quarter worth approximately $4,649,000. Numeric Investors LLC acquired a new position in shares of Credit Acceptance Corporation during the fourth quarter worth approximately $1,175,000. Janney Montgomery Scott LLC raised its position in shares of Credit Acceptance Corporation by 35.9% in the first quarter. Janney Montgomery Scott LLC now owns 1,560 shares of the credit services provider’s stock worth $311,000 after buying an additional 412 shares during the period. Finally, XL Group Investments Ltd raised its position in shares of Credit Acceptance Corporation by 7.4% in the first quarter. XL Group Investments Ltd now owns 246,952 shares of the credit services provider’s stock worth $49,245,000 after buying an additional 17,000 shares during the period. Institutional investors own 72.08% of the company’s stock.

Credit Acceptance Corporation Company Profile

Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans.

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