Credit Acceptance Corporation (NASDAQ:CACC) major shareholder Jill Foss Watson sold 47,303 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $270.75, for a total transaction of $12,807,287.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, August 4th, Jill Foss Watson sold 29,956 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $270.81, for a total transaction of $8,112,384.36.
  • On Wednesday, August 2nd, Jill Foss Watson sold 35,348 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $275.69, for a total transaction of $9,745,090.12.
  • On Tuesday, August 1st, Jill Foss Watson sold 35,751 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $270.82, for a total transaction of $9,682,085.82.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,658,828.50.

Credit Acceptance Corporation (CACC) opened at 279.92 on Wednesday. Credit Acceptance Corporation has a 52-week low of $160.63 and a 52-week high of $281.67. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 15.30 and a beta of 0.51. The stock’s 50 day moving average is $250.91 and its 200 day moving average is $217.29.

Credit Acceptance Corporation (NASDAQ:CACC) last announced its quarterly earnings data on Monday, July 31st. The credit services provider reported $5.22 EPS for the quarter, topping the Zacks’ consensus estimate of $4.89 by $0.33. The firm had revenue of $253.20 million during the quarter, compared to analyst estimates of $268.18 million. Credit Acceptance Corporation had a return on equity of 32.24% and a net margin of 35.13%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $4.38 earnings per share. Equities research analysts forecast that Credit Acceptance Corporation will post $19.90 earnings per share for the current year.

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A number of brokerages recently issued reports on CACC. Jefferies Group LLC reiterated a “hold” rating and issued a $240.00 target price (up previously from $215.00) on shares of Credit Acceptance Corporation in a research report on Tuesday, August 1st. Raymond James Financial, Inc. upgraded shares of Credit Acceptance Corporation from an “underperform” rating to a “market perform” rating in a research report on Tuesday, August 1st. JMP Securities reiterated an “underperform” rating and issued a $195.00 target price (up previously from $180.00) on shares of Credit Acceptance Corporation in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Credit Acceptance Corporation from a “hold” rating to a “buy” rating and set a $310.00 target price for the company in a research report on Thursday, August 3rd. Finally, BMO Capital Markets increased their target price on shares of Credit Acceptance Corporation from $226.00 to $238.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $216.56.

Hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Credit Acceptance Corporation by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 14,379 shares of the credit services provider’s stock worth $3,128,000 after buying an additional 883 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of Credit Acceptance Corporation during the first quarter worth approximately $698,000. Howard Hughes Medical Institute raised its stake in shares of Credit Acceptance Corporation by 32.8% in the first quarter. Howard Hughes Medical Institute now owns 50,836 shares of the credit services provider’s stock worth $10,137,000 after buying an additional 12,548 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Credit Acceptance Corporation by 35.9% in the first quarter. Janney Montgomery Scott LLC now owns 1,560 shares of the credit services provider’s stock worth $311,000 after buying an additional 412 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Credit Acceptance Corporation by 46.1% in the first quarter. Russell Investments Group Ltd. now owns 732 shares of the credit services provider’s stock worth $146,000 after buying an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 72.50% of the company’s stock.

About Credit Acceptance Corporation

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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