Credit Acceptance (NASDAQ:CACC – Free Report) had its target price decreased by TD Cowen from $590.00 to $470.00 in a research note published on Friday morning,Benzinga reports. TD Cowen currently has a hold rating on the credit services provider’s stock.
Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Credit Acceptance in a research note on Wednesday, October 14th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Credit Acceptance presently has an average rating of “Hold” and a consensus price target of $505.00.
Check Out Our Latest Report on Credit Acceptance
Credit Acceptance Price Performance
CACC stock opened at $464.89 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 13.49 and a current ratio of 13.49. Credit Acceptance has a fifty-two week low of $401.90 and a fifty-two week high of $668.86. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 15.18 and a beta of 1.45. The business’s 50-day moving average is $564.30 and its two-hundred day moving average is $537.42.
Credit Acceptance (NASDAQ:CACC – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The credit services provider reported $13.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.86 by $0.15. Credit Acceptance had a return on equity of 33.84% and a net margin of 14.39%. The business had revenue of $420.30 million for the quarter, compared to the consensus estimate of $596.40 million. During the same period in the prior year, the business posted $10.28 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts forecast that Credit Acceptance will post 47.64 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CACC. Bank of New York Mellon Corp bought a new position in shares of Credit Acceptance during the second quarter valued at about $19,347,000. Corient Private Wealth LP bought a new stake in Credit Acceptance during the 2nd quarter worth approximately $856,000. The Manufacturers Life Insurance Company bought a new stake in shares of Credit Acceptance during the second quarter valued at approximately $1,337,000. BlackRock Inc. purchased a new stake in Credit Acceptance during the second quarter valued at $408,849,000. Finally, Jupiter Topco LLC bought a new position in Credit Acceptance during the second quarter valued at $1,812,000. 81.71% of the stock is owned by institutional investors and hedge funds.
Credit Acceptance News Summary
Here are the key news stories impacting Credit Acceptance this week:
- Positive Sentiment: Credit Acceptance reported third-quarter adjusted earnings of $13.01 per diluted share, above the $12.86 analyst consensus and up from $10.28 a year earlier. Adjusted net income increased to $135.5 million from $117.9 million. Credit Acceptance Announces Third Quarter 2026 Results
- Positive Sentiment: The company highlighted continued business activity, including a record number of dealers, while quarterly revenue increased 2.1% year over year. These trends suggest underlying operating momentum despite the quarter’s headline accounting loss. Credit Acceptance Q3 2026: Record Dealers, but a Forecast Change Stings
- Neutral Sentiment: TD Cowen lowered its price target from $590 to $470 and maintained a Hold rating. The new target implies only about 1.1% upside from the referenced trading level, signaling limited near-term valuation support. TD Cowen Stock Recommendations
- Negative Sentiment: On a GAAP basis, Credit Acceptance posted a $56.6 million net loss, or $5.43 per share, versus $108.2 million of net income a year earlier. The large gap between GAAP and adjusted results may be weighing on investor confidence.
- Negative Sentiment: Reported revenue of approximately $594.6 million was slightly below the $596.4 million FactSet estimate, tempering the adjusted-EPS beat. Credit Acceptance Q3 Revenue Earnings Flash
- Negative Sentiment: Block & Leviton announced an investigation into potential securities-law violations and is soliciting investors who incurred losses. Although the investigation does not establish wrongdoing, it adds legal and reputational risk to the stock. CACC Securities Fraud Investigation
About Credit Acceptance
Credit Acceptance Corporation (NASDAQ:CACC) is a specialized automobile finance company that provides financing programs for consumers who may have difficulty obtaining credit through traditional lenders. The company primarily operates through an indirect lending model, working with automobile dealers who offer financing to customers purchasing new or used vehicles.
Credit Acceptance purchases or services automotive loans originated through its dealer-partner network. Its programs are designed to help dealers sell vehicles to a broader range of consumers, while the company manages loan underwriting, servicing, collections, and related risk-management activities.
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