Credit Acceptance/CACC

$540.33

-1.29%
-
1D1W1MYTD1YMAX

About Credit Acceptance

Credit Acceptance Corporation is engaged in offering that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a nationwide network of automobile dealers. Its loan portfolio consists of two portfolio segments: dealer loans and purchased loans. The Company offers two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.

Ticker

CACC

Sector

Financials

Trading on

NASDAQ

Industry

Consumer Financial Services

CEO

Kenneth Booth

Employees

2,232

Headquarters

Southfield, United States

CACC Metrics

BasicAdvanced
$6.82B
Market cap
25.17
P/E ratio
$22.03
EPS
1.43
Beta
-
Dividend rate
$6.82B
1.4346
$616.66
$379.77
67.79K
288.961
288.961
38.472
2.39%
3.94%
16.94%
4.13%
25.174
3.587
3.96
3.89
5.686
3.79%
-43.47%
4.44%
-2.15%

What the Analysts think about CACC

Analyst Ratings

Majority rating from 3 analysts.
Hold

Price Targets

Average projection from 3 analysts.
9.13% downside
High $540.00
Low $465.00
$540.33
Current price
$491.00
Average price target

CACC Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
19.03% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$491.6M
2.72%
Net income
$93.6M
32.2%
Profit margin
19.03%
28.67%

CACC Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 34.27%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$7.61
$1.69
$5.43
$7.29
-
Expected
$8.81
$8.18
$5.71
$5.43
$8.35
Surprise
-13.6%
-79.34%
-4.95%
34.27%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Credit Acceptance stock?

Credit Acceptance (CACC) has a market cap of $6.82B as of April 16, 2024.

What is the P/E ratio for Credit Acceptance stock?

The price to earnings (P/E) ratio for Credit Acceptance (CACC) stock is 25.17 as of April 16, 2024.

Does Credit Acceptance stock pay dividends?

No, Credit Acceptance (CACC) stock does not pay dividends to its shareholders as of April 16, 2024.

When is the next Credit Acceptance dividend payment date?

Credit Acceptance (CACC) stock does not pay dividends to its shareholders.

What is the beta indicator for Credit Acceptance?

Credit Acceptance (CACC) has a beta rating of 1.43. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Credit Acceptance stock price target?

The target price for Credit Acceptance (CACC) stock is $491, which is 9.13% below the current price of $540.33. This is an average based on projections from 3 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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