Universal Beteiligungs und Servicegesellschaft mbH Purchases 3,400 Shares of Credit Acceptance Corporation $CACC

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Credit Acceptance Corporation (NASDAQ:CACC) by 16.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,575 shares of the credit services provider’s stock after acquiring an additional 3,400 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.21% of Credit Acceptance worth $11,008,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CACC. Farther Finance Advisors LLC boosted its stake in shares of Credit Acceptance by 20,200.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 203 shares of the credit services provider’s stock valued at $95,000 after purchasing an additional 202 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Credit Acceptance in the second quarter worth $150,000. Prudential Financial Inc. purchased a new stake in Credit Acceptance during the second quarter valued at about $215,000. CFC Planning Co LLC purchased a new stake in Credit Acceptance during the third quarter valued at about $209,000. Finally, SG Americas Securities LLC grew its stake in shares of Credit Acceptance by 64.0% during the second quarter. SG Americas Securities LLC now owns 456 shares of the credit services provider’s stock valued at $232,000 after buying an additional 178 shares during the last quarter. 81.71% of the stock is owned by hedge funds and other institutional investors.

Credit Acceptance Stock Up 0.3%

Shares of NASDAQ:CACC opened at $445.42 on Friday. The stock’s 50-day moving average is $455.87 and its 200 day moving average is $476.82. The company has a market cap of $4.91 billion, a PE ratio of 11.79 and a beta of 1.24. The company has a debt-to-equity ratio of 3.94, a current ratio of 15.81 and a quick ratio of 15.81. Credit Acceptance Corporation has a 1 year low of $401.90 and a 1 year high of $560.00.

Credit Acceptance (NASDAQ:CACC) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $10.28 earnings per share for the quarter, topping analysts’ consensus estimates of $9.61 by $0.67. Credit Acceptance had a return on equity of 27.88% and a net margin of 19.70%.The firm had revenue of $405.10 million for the quarter, compared to analyst estimates of $592.19 million. During the same period last year, the company earned $9.25 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Credit Acceptance Corporation will post 53.24 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CACC. TD Cowen raised Credit Acceptance from a “sell” rating to a “hold” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Credit Acceptance in a research report on Wednesday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Credit Acceptance has a consensus rating of “Hold” and a consensus price target of $480.00.

Credit Acceptance Company Profile

Credit Acceptance Corporation, founded in 1972 and headquartered in Southfield, Michigan, is a specialty finance company focused on the indirect automotive lending market. The company partners with independent and franchised auto dealers to facilitate purchase financing for consumers who may not qualify for traditional prime auto loans. By purchasing retail installment contracts originated by these dealers, Credit Acceptance provides capital and credit insurance to support vehicle sales, enabling dealers to broaden their customer base and reduce credit risk.

Through its proprietary underwriting platform and risk management strategies, Credit Acceptance evaluates borrower applications, structures credit plans, and retains servicing rights on the acquired contracts.