Watson Jill Foss

recently stated that they own 14% of Credit Acceptance Corporation (NASDAQ:CACC) in a Schedule 13D/A disclosure that was filed with the SEC on Thursday, August 10th. The investor owns 2,712,219 shares of the stock valued at $754,864,792. The reporting parties listed on the disclosure included The Donald A Foss 2009 Remainder Trust, The Donald A Foss 2010 Remainder Trust, Jill Foss Watson Living Trust, Jill Foss Watson Irrevocable Trust, Karol A Foss Irrevocable Grandchildren’s Trust, Jill Foss Watson 2016 Grantor Retained Annuity Trust, Jill Foss Watson 2014 Children’s Trust FBO Gwyneth Ellen Watson and Jill Foss Watson 2014 Children’s Trust FBO Duncan Todd Watson. The disclosure is available through EDGAR at this hyperlink.

Watson Jill Foss

provided the following explanation of their ownership:

Warning: file_get_contents(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Warning: file_get_contents(https://whalewisdom.com
2,712,219
): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Credit Acceptance Corporation by 26.9% in the first quarter. Vanguard Group Inc. now owns 931,364 shares of the credit services provider’s stock valued at $185,723,000 after buying an additional 197,463 shares during the last quarter. UBS Group AG raised its stake in shares of Credit Acceptance Corporation by 11,086.9% in the first quarter. UBS Group AG now owns 143,975 shares of the credit services provider’s stock valued at $28,710,000 after buying an additional 142,688 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Credit Acceptance Corporation during the second quarter valued at about $28,338,000. Columbia Wanger Asset Management LLC acquired a new stake in shares of Credit Acceptance Corporation during the first quarter valued at about $19,862,000. Finally, Schroder Investment Management Group raised its stake in shares of Credit Acceptance Corporation by 81.1% in the first quarter. Schroder Investment Management Group now owns 123,762 shares of the credit services provider’s stock valued at $24,769,000 after buying an additional 55,409 shares during the last quarter. Hedge funds and other institutional investors own 72.50% of the company’s stock.

Credit Acceptance Corporation (CACC) opened at 278.32 on Thursday. Credit Acceptance Corporation has a 1-year low of $160.63 and a 1-year high of $281.67. The stock’s 50 day moving average is $254.21 and its 200 day moving average is $218.97. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 15.21 and a beta of 0.51.

Credit Acceptance Corporation (NASDAQ:CACC) last announced its earnings results on Monday, July 31st. The credit services provider reported $5.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.89 by $0.33. The company had revenue of $253.20 million during the quarter, compared to the consensus estimate of $268.18 million. Credit Acceptance Corporation had a net margin of 35.13% and a return on equity of 32.24%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.38 earnings per share. Analysts predict that Credit Acceptance Corporation will post $19.90 EPS for the current fiscal year.

WARNING: “14% Stake of Credit Acceptance Corporation (NASDAQ:CACC) Maintained by Watson Jill Foss” was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/10/14-stake-of-credit-acceptance-corporation-nasdaqcacc-maintained-by-watson-jill-foss.html.

Several equities research analysts have issued reports on CACC shares. BMO Capital Markets reiterated a “market perform” rating and issued a $226.00 price target (up from $212.00) on shares of Credit Acceptance Corporation in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Credit Acceptance Corporation from a “hold” rating to a “strong-buy” rating and set a $248.00 price target on the stock in a research note on Thursday, May 4th. Janney Montgomery Scott upgraded shares of Credit Acceptance Corporation from a “sell” rating to a “neutral” rating and lifted their price target for the company from $187.00 to $200.00 in a research note on Tuesday, May 2nd. BidaskClub lowered shares of Credit Acceptance Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $215.00 price target on shares of Credit Acceptance Corporation in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Credit Acceptance Corporation currently has an average rating of “Hold” and an average target price of $216.56.

In other news, major shareholder Jill Foss Watson sold 12,220 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $215.77, for a total value of $2,636,709.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kenneth Booth sold 2,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $273.01, for a total transaction of $546,020.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 441,513 shares of company stock valued at $105,421,572. 5.80% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding CACC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credit Acceptance Corporation (NASDAQ:CACC).

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

Receive News & Ratings for Credit Acceptance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Acceptance Corporation and related companies with MarketBeat.com's FREE daily email newsletter.