Credit Acceptance Corporation (NASDAQ:CACC) major shareholder Jill Foss Watson sold 29,956 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $270.81, for a total transaction of $8,112,384.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, August 3rd, Jill Foss Watson sold 47,303 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $270.75, for a total transaction of $12,807,287.25.
  • 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.

Credit Acceptance Corporation (CACC) traded up 1.46% during mid-day trading on Tuesday, reaching $279.92. 440,254 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $250.91 and a 200 day moving average price of $217.29. The company has a market cap of $5.45 billion, a PE ratio of 15.30 and a beta of 0.51. Credit Acceptance Corporation has a 52-week low of $160.63 and a 52-week high of $281.67.

Credit Acceptance Corporation (NASDAQ:CACC) last released its quarterly earnings data 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 return on equity of 32.24% and a net margin of 35.13%. The company had revenue of $253.20 million during the quarter, compared to the consensus estimate of $268.18 million. During the same quarter in the prior year, the firm posted $4.38 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities analysts predict that Credit Acceptance Corporation will post $19.90 earnings per share for the current fiscal year.

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Several analysts recently commented on CACC shares. BMO Capital Markets restated a “market perform” rating and set a $226.00 price target (up from $212.00) on shares of Credit Acceptance Corporation in a report 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 for the company in a report on Thursday, May 4th. Janney Montgomery Scott upgraded shares of Credit Acceptance Corporation from a “sell” rating to a “neutral” rating and raised their price target for the stock from $187.00 to $200.00 in a report on Tuesday, May 2nd. BidaskClub cut 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 target price on shares of Credit Acceptance Corporation in a research note on Friday, July 14th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $216.56.

Large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its stake in Credit Acceptance Corporation by 13.4% in the first quarter. Pacer Advisors Inc. now owns 1,644 shares of the credit services provider’s stock worth $328,000 after buying an additional 194 shares during the last quarter. Clark Capital Management Group Inc. raised its stake in Credit Acceptance Corporation by 55.3% in the first quarter. Clark Capital Management Group Inc. now owns 3,293 shares of the credit services provider’s stock worth $656,000 after buying an additional 1,172 shares during the last quarter. Schroder Investment Management Group raised its stake in 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 worth $24,769,000 after buying an additional 55,409 shares during the last quarter. First Trust Advisors LP raised its stake in Credit Acceptance Corporation by 51.0% in the first quarter. First Trust Advisors LP now owns 34,598 shares of the credit services provider’s stock worth $6,899,000 after buying an additional 11,690 shares during the last quarter. Finally, LMR Partners LLP raised its stake in Credit Acceptance Corporation by 131.6% in the first quarter. LMR Partners LLP now owns 94,938 shares of the credit services provider’s stock worth $18,932,000 after buying an additional 53,938 shares during the last quarter. 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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