Credit Acceptance Corporation (NASDAQ:CACC) major shareholder Jill Foss Watson sold 35,751 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $270.82, for a total value of $9,682,085.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock 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 Wednesday, June 7th, Jill Foss Watson sold 19,424 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $225.80, for a total value of $4,385,939.20.
  • 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 stock was 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 stock was 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 stock was sold at an average price of $227.02, for a total value of $5,985,155.28.

Shares of Credit Acceptance Corporation (CACC) traded down 1.84% on Thursday, hitting $271.44. The stock had a trading volume of 295,101 shares. The firm has a 50 day moving average price of $248.00 and a 200-day moving average price of $216.06. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 14.82 and a beta of 0.51. Credit Acceptance Corporation has a 52 week low of $160.63 and a 52 week high of $279.00.

Credit Acceptance Corporation (NASDAQ:CACC) last issued its quarterly earnings data on Monday, July 31st. The credit services provider reported $5.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.89 by $0.33. Credit Acceptance Corporation had a return on equity of 32.80% and a net margin of 35.13%. The firm had revenue of $253.20 million during the quarter, compared to the consensus estimate of $268.18 million. During the same quarter in the previous year, the company posted $4.38 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts anticipate that Credit Acceptance Corporation will post $19.77 EPS for the current year.

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Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of Credit Acceptance Corporation by 1.4% in the second quarter. Legal & General Group Plc now owns 3,250 shares of the credit services provider’s stock valued at $836,000 after buying an additional 45 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Credit Acceptance Corporation by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 49,213 shares of the credit services provider’s stock valued at $12,655,000 after buying an additional 5,569 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Credit Acceptance Corporation by 102.8% in the second quarter. SG Americas Securities LLC now owns 618 shares of the credit services provider’s stock valued at $159,000 after buying an additional 22,463 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of Credit Acceptance Corporation by 33.5% in the second quarter. State of Wisconsin Investment Board now owns 2,233 shares of the credit services provider’s stock valued at $574,000 after buying an additional 560 shares during the last quarter. Finally, LMR Partners LLP increased its position in shares of Credit Acceptance Corporation by 14.2% in the second quarter. LMR Partners LLP now owns 108,383 shares of the credit services provider’s stock valued at $27,869,000 after buying an additional 13,445 shares during the last quarter. Hedge funds and other institutional investors own 72.22% of the company’s stock.

Several brokerages have weighed in on CACC. BMO Capital Markets reaffirmed a “hold” rating and issued a $212.00 target price on shares of Credit Acceptance Corporation in a research report on Tuesday, April 11th. Zacks Investment Research lowered Credit Acceptance Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub lowered Credit Acceptance Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $215.00 target price on shares of Credit Acceptance Corporation in a research report on Friday, July 14th. Finally, JMP Securities reaffirmed an “underperform” rating and issued a $195.00 target price (up from $180.00) on shares of Credit Acceptance Corporation in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $216.56.

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.

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

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