Credit Acceptance Corporation (NASDAQ:CACC) major shareholder Jill Foss Watson sold 47,303 shares of the company’s stock in a transaction on 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 Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 transaction of $9,745,090.12.
  • On Tuesday, August 1st, Jill Foss Watson sold 35,751 shares of Credit Acceptance Corporation stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $219.42, for a total transaction of $3,658,828.50.
  • On Friday, May 26th, Jill Foss Watson sold 16,370 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $218.36, for a total transaction of $3,574,553.20.

Credit Acceptance Corporation (CACC) traded up 1.76% during trading on Monday, reaching $275.90. 236,823 shares of the company traded hands. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 15.08 and a beta of 0.51. Credit Acceptance Corporation has a 52 week low of $160.63 and a 52 week high of $279.00. The company’s 50-day moving average price is $248.00 and its 200 day moving average price is $216.06.

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

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CACC has been the subject of several recent analyst reports. BidaskClub lowered shares of Credit Acceptance Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. 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 note on Thursday. Jefferies Group LLC reiterated a “hold” rating and issued a $215.00 target price on shares of Credit Acceptance Corporation in a research note on Friday, July 14th. BMO Capital Markets reiterated a “hold” rating and issued a $212.00 target price on shares of Credit Acceptance Corporation in a research note on Tuesday, April 11th. Finally, Raymond James Financial, Inc. upgraded shares of Credit Acceptance Corporation from an “underperform” rating to a “market perform” rating in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $216.56.

A number of institutional investors have recently modified their holdings of CACC. Russell Investments Group Ltd. raised its position 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 period. SG Americas Securities LLC increased its stake in Credit Acceptance Corporation by 102.8% in the second quarter. SG Americas Securities LLC now owns 618 shares of the credit services provider’s stock worth $159,000 after buying an additional 22,463 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Credit Acceptance Corporation during the first quarter worth about $177,000. Karp Capital Management Corp purchased a new stake in Credit Acceptance Corporation during the first quarter worth about $244,000. Finally, Gotham Asset Management LLC purchased a new stake in Credit Acceptance Corporation during the first quarter worth about $270,000. 72.50% of the stock is owned by institutional investors and hedge funds.

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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