Credit Acceptance (CACC) Set to Announce Earnings on Tuesday

Credit Acceptance (NASDAQ:CACC) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Credit Acceptance to post earnings of $9.28 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Credit Acceptance (NASDAQ:CACC) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $10.06 EPS for the quarter, beating the consensus estimate of $9.17 by $0.89. Credit Acceptance had a net margin of 15.04% and a return on equity of 30.94%. The company had revenue of $491.60 million for the quarter, compared to analyst estimates of $478.80 million. On average, analysts expect Credit Acceptance to post $41 EPS for the current fiscal year and $47 EPS for the next fiscal year.

Credit Acceptance Price Performance

Shares of NASDAQ:CACC opened at $526.60 on Friday. The firm’s 50 day moving average is $547.08 and its two-hundred day moving average is $507.48. Credit Acceptance has a 52 week low of $379.77 and a 52 week high of $616.66. The firm has a market capitalization of $6.48 billion, a P/E ratio of 23.91 and a beta of 1.45. The company has a current ratio of 15.71, a quick ratio of 15.71 and a debt-to-equity ratio of 2.84.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Credit Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Credit Acceptance currently has a consensus rating of “Hold” and an average price target of $381.75.

Insider Activity at Credit Acceptance

In related news, insider Douglas W. Busk sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $572.58, for a total transaction of $1,431,450.00. Following the transaction, the insider now owns 3,112 shares in the company, valued at $1,781,868.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Douglas W. Busk sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $572.58, for a total transaction of $1,431,450.00. Following the completion of the sale, the insider now directly owns 3,112 shares in the company, valued at $1,781,868.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas W. Busk sold 500 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $579.98, for a total transaction of $289,990.00. Following the sale, the insider now owns 3,112 shares of the company’s stock, valued at $1,804,897.76. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

About Credit Acceptance

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers.