Credit Acceptance Corp. major shareholder Sells $67,333,484 in Stock (CACC)
Credit Acceptance Corp. (NASDAQ:CACC) major shareholder Jill Foss Watson sold 536,180 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $125.58, for a total value of $67,333,484.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Credit Acceptance Corp. (NASDAQ:CACC) traded down 0.17% on Tuesday, hitting $123.89. 39,174 shares of the company’s stock traded hands. Credit Acceptance Corp. has a 1-year low of $101.26 and a 1-year high of $150.89. The stock has a 50-day moving average of $129.1 and a 200-day moving average of $133.6. The company has a market cap of $2.907 billion and a P/E ratio of 12.18.
Credit Acceptance Corp. (NASDAQ:CACC) last announced its earnings results on Tuesday, April 29th. The company reported $2.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.79 by $0.07. Analysts expect that Credit Acceptance Corp. will post $11.79 EPS for the current fiscal year.
Credit Acceptance Corporation (NASDAQ:CACC) is a provider of auto loans to consumers.
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