Wasatch Advisors Inc. lifted its stake in Credit Acceptance Corp. (NASDAQ:CACC) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 238,183 shares of the credit services provider’s stock after purchasing an additional 9,330 shares during the period. Wasatch Advisors Inc.’s holdings in Credit Acceptance were worth $77,047,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CACC. Russell Investments Group Ltd. lifted its position in shares of Credit Acceptance by 99.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,458 shares of the credit services provider’s stock worth $375,000 after purchasing an additional 726 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Credit Acceptance by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 67,285 shares of the credit services provider’s stock worth $17,302,000 after purchasing an additional 4,935 shares during the period. SG Americas Securities LLC lifted its position in shares of Credit Acceptance by 102.8% in the 2nd quarter. SG Americas Securities LLC now owns 618 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 22,463 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Credit Acceptance by 12.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,213 shares of the credit services provider’s stock worth $12,655,000 after purchasing an additional 5,569 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Credit Acceptance by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 3,250 shares of the credit services provider’s stock worth $836,000 after purchasing an additional 45 shares during the period. 70.70% of the stock is owned by hedge funds and other institutional investors.

Shares of Credit Acceptance Corp. (CACC) traded down $4.27 during midday trading on Tuesday, reaching $336.72. 150,539 shares of the company were exchanged, compared to its average volume of 147,100. Credit Acceptance Corp. has a one year low of $182.50 and a one year high of $344.21. The stock has a market cap of $6,584.59, a PE ratio of 17.42, a P/E/G ratio of 1.04 and a beta of 0.54. The company has a debt-to-equity ratio of 2.12, a quick ratio of 17.63 and a current ratio of 17.63.

Credit Acceptance (NASDAQ:CACC) last issued its quarterly earnings results on Monday, October 30th. The credit services provider reported $5.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.15 by $0.28. Credit Acceptance had a net margin of 35.29% and a return on equity of 32.08%. The company had revenue of $283.90 million during the quarter, compared to analysts’ expectations of $281.03 million. During the same period last year, the company posted $4.53 EPS. Credit Acceptance’s revenue was up 15.1% on a year-over-year basis. research analysts anticipate that Credit Acceptance Corp. will post 20.74 earnings per share for the current year.

Several equities research analysts have recently commented on the stock. BidaskClub raised shares of Credit Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research raised shares of Credit Acceptance from a “hold” rating to a “strong-buy” rating and set a $390.00 target price for the company in a research report on Friday. Oppenheimer assumed coverage on shares of Credit Acceptance in a research report on Monday, January 8th. They issued a “buy” rating and a $355.00 target price for the company. Credit Suisse Group reissued a “sell” rating and set a $270.00 price target on shares of Credit Acceptance in a research report on Monday, January 8th. Finally, Stephens set a $257.00 price target on shares of Credit Acceptance and gave the company a “sell” rating in a research report on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $263.50.

In related news, major shareholder Jill Foss Watson sold 31,463 shares of Credit Acceptance stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $335.06, for a total transaction of $10,541,992.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 114,925 shares of company stock valued at $37,901,719. 5.80% of the stock is currently owned by corporate insiders.

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Credit Acceptance 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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Institutional Ownership by Quarter for Credit Acceptance (NASDAQ:CACC)

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