Credit Acceptance Corporation (NASDAQ:CACC) major shareholder Jill Foss Watson sold 35,751 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was 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 accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, August 2nd, Jill Foss Watson sold 35,348 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $275.69, for a total value of $9,745,090.12.
  • On Thursday, June 8th, Jill Foss Watson sold 4,947 shares of Credit Acceptance Corporation stock. The stock was 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 stock was 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 stock was 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 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.

Credit Acceptance Corporation (NASDAQ CACC) opened at 271.12 on Friday. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 14.82 and a beta of 0.51. The firm has a 50-day moving average price of $248.00 and a 200 day moving average price of $216.06. 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 posted its quarterly earnings results on Monday, July 31st. The credit services provider reported $5.22 EPS for the quarter, beating the consensus estimate of $4.89 by $0.33. Credit Acceptance Corporation had a net margin of 35.13% and a return on equity of 32.24%. The business had revenue of $253.20 million for the quarter, compared to analysts’ expectations of $268.18 million. During the same period in the previous year, the company posted $4.38 EPS. Credit Acceptance Corporation’s revenue was up 14.5% on a year-over-year basis. On average, equities research analysts predict that Credit Acceptance Corporation will post $19.80 EPS for the current year.

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Several institutional investors have recently bought and sold shares of CACC. Aperio Group LLC boosted its position in shares of Credit Acceptance Corporation by 1.4% in the second quarter. Aperio Group LLC now owns 1,243 shares of the credit services provider’s stock valued at $320,000 after buying an additional 17 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Credit Acceptance Corporation by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 4,078 shares of the credit services provider’s stock valued at $813,000 after buying an additional 37 shares during the last quarter. Allen Investment Management LLC boosted its position in shares of Credit Acceptance Corporation by 1.8% in the first quarter. Allen Investment Management LLC now owns 2,344 shares of the credit services provider’s stock valued at $467,000 after buying an additional 41 shares during the last quarter. Legal & General Group Plc boosted 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. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of Credit Acceptance Corporation by 4.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,954 shares of the credit services provider’s stock valued at $502,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.

A number of research analysts recently weighed in on CACC shares. BMO Capital Markets reiterated a “market perform” rating and issued a $226.00 target price (up previously from $212.00) on shares of Credit Acceptance Corporation in a report on Wednesday, May 3rd. Zacks Investment Research upgraded Credit Acceptance Corporation from a “hold” rating to a “strong-buy” rating and set a $248.00 target price on the stock in a report on Thursday, May 4th. Janney Montgomery Scott upgraded Credit Acceptance Corporation from a “sell” rating to a “neutral” rating and lifted their target price for the company from $187.00 to $200.00 in a report on Tuesday, May 2nd. BidaskClub cut Credit Acceptance Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a $200.00 target price (up previously from $190.00) on shares of Credit Acceptance Corporation in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus 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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