Credit Acceptance Corp. (NASDAQ:CACC) insider Prescott General Partners Llc sold 2,039 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $419.97, for a total value of $856,318.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Prescott General Partners Llc also recently made the following trade(s):

  • On Thursday, November 8th, Prescott General Partners Llc sold 9,506 shares of Credit Acceptance stock. The shares were sold at an average price of $423.39, for a total value of $4,024,745.34.
  • On Tuesday, November 6th, Prescott General Partners Llc sold 20,273 shares of Credit Acceptance stock. The shares were sold at an average price of $418.53, for a total value of $8,484,858.69.
  • On Friday, August 24th, Prescott General Partners Llc sold 1,300 shares of Credit Acceptance stock. The shares were sold at an average price of $447.56, for a total value of $581,828.00.
  • On Monday, August 27th, Prescott General Partners Llc sold 36,900 shares of Credit Acceptance stock. The shares were sold at an average price of $453.38, for a total value of $16,729,722.00.

Shares of CACC stock opened at $411.43 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 36.75 and a quick ratio of 36.75. The company has a market capitalization of $7.93 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.88 and a beta of 0.56. Credit Acceptance Corp. has a 1 year low of $278.38 and a 1 year high of $467.26.

Credit Acceptance (NASDAQ:CACC) last issued its quarterly earnings results on Monday, October 29th. The credit services provider reported $7.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.90 by $0.85. The business had revenue of $332.00 million during the quarter, compared to analysts’ expectations of $327.45 million. Credit Acceptance had a return on equity of 28.83% and a net margin of 48.70%. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company posted $5.43 earnings per share. As a group, analysts predict that Credit Acceptance Corp. will post 27.08 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Swiss National Bank boosted its stake in shares of Credit Acceptance by 71.3% in the second quarter. Swiss National Bank now owns 20,177 shares of the credit services provider’s stock valued at $7,131,000 after buying an additional 8,400 shares during the period. Neuburgh Advisers LLC lifted its stake in Credit Acceptance by 328.6% during the second quarter. Neuburgh Advisers LLC now owns 960 shares of the credit services provider’s stock worth $339,000 after purchasing an additional 736 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Credit Acceptance by 4.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 86,218 shares of the credit services provider’s stock worth $30,470,000 after purchasing an additional 3,356 shares during the last quarter. Alps Advisors Inc. lifted its stake in Credit Acceptance by 22.2% during the second quarter. Alps Advisors Inc. now owns 1,754 shares of the credit services provider’s stock worth $567,000 after purchasing an additional 319 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Credit Acceptance by 17.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,244 shares of the credit services provider’s stock worth $440,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 67.61% of the company’s stock.

Several research firms have recently commented on CACC. Zacks Investment Research reaffirmed a “buy” rating and issued a $438.00 target price on shares of Credit Acceptance in a research report on Monday. BidaskClub downgraded Credit Acceptance from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. BMO Capital Markets upped their target price on Credit Acceptance from $312.00 to $333.00 and gave the company a “market perform” rating in a research report on Thursday, November 1st. Credit Suisse Group upped their target price on Credit Acceptance from $310.00 to $335.00 and gave the company an “underperform” rating in a research report on Tuesday, October 30th. Finally, Oppenheimer set a $420.00 target price on Credit Acceptance and gave the company a “buy” rating in a research report on Tuesday, October 30th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Credit Acceptance currently has a consensus rating of “Hold” and an average price target of $357.71.

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Credit Acceptance Company Profile

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers.

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

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