Dealer Service And Product

Thomas W. Smith Sells 1,000 Shares of Credit score Acceptance Co. (NASDAQ:CACC) Inventory

Credit score Acceptance Co. (NASDAQ:CACC – Get Score) insider Thomas W. Smith offered 1,000 shares of the corporate’s inventory in a transaction dated Tuesday, December twentieth. The shares have been offered at a median value of $441.58, for a complete transaction of $441,580.00. Following the completion of the transaction, the insider now immediately owns 22,948 shares within the firm, valued at roughly $10,133,377.84. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is accessible by this hyperlink.

Credit score Acceptance Inventory Down 4.5 %

Credit score Acceptance inventory traded down $20.74 throughout mid-day buying and selling on Thursday, reaching $442.47. 144,977 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 86,089. The corporate has a fast ratio of 15.89, a present ratio of 15.89 and a debt-to-equity ratio of two.79. Credit score Acceptance Co. has a twelve month low of $397.58 and a twelve month excessive of $699.08. The corporate has a market cap of $5.72 billion, a P/E ratio of 10.13 and a beta of 1.35. The corporate has a fifty day transferring common of $459.72 and a 200-day transferring common of $496.14.

Credit score Acceptance (NASDAQ:CACC – Get Score) final introduced its quarterly earnings knowledge on Tuesday, November 1st. The credit score companies supplier reported $13.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $13.17 by $0.19. The enterprise had income of $460.30 million for the quarter, in comparison with analysts’ expectations of $453.30 million. Credit score Acceptance had a return on fairness of 47.34% and a internet margin of 34.09%. Promote-side analysts anticipate that Credit score Acceptance Co. will put up 50.54 EPS for the present yr.

Analyst Rankings Adjustments

Various analysis companies lately weighed in on CACC. Stephens lowered their value goal on shares of Credit score Acceptance from $519.00 to $442.00 and set an “equal weight” ranking for the corporate in a analysis report on Wednesday, November 2nd. Credit score Suisse Group lowered their value goal on Credit score Acceptance from $430.00 to $410.00 and set an “underperform” ranking for the corporate in a analysis report on Wednesday, November 2nd. StockNews.com started protection on Credit score Acceptance in a report on Wednesday, October twelfth. They issued a “maintain” ranking on the inventory. Lastly, BMO Capital Markets lowered their goal value on Credit score Acceptance from $477.00 to $364.00 and set a “market carry out” ranking for the corporate in a report on Thursday, November third.

Institutional Buyers Weigh In On Credit score Acceptance

Various massive traders have lately modified their holdings of CACC. APG Asset Administration N.V. raised its place in shares of Credit score Acceptance by 156.0% in the course of the 1st quarter. APG Asset Administration N.V. now owns 6,400 shares of the credit score companies supplier’s inventory price $3,166,000 after buying a further 3,900 shares within the final quarter. Verition Fund Administration LLC acquired a brand new stake in Credit score Acceptance in the course of the first quarter price roughly $1,728,000. Capital Impression Advisors LLC bought a brand new stake in shares of Credit score Acceptance in the course of the 2nd quarter price roughly $425,000. PDT Companions LLC lifted its place in shares of Credit score Acceptance by 74.8% in the course of the 1st quarter. PDT Companions LLC now owns 8,141 shares of the credit score companies supplier’s inventory price $4,481,000 after shopping for a further 3,483 shares over the past quarter. Lastly, Nisa Funding Advisors LLC boosted its holdings in shares of Credit score Acceptance by 50.1% within the 2nd quarter. Nisa Funding Advisors LLC now owns 4,503 shares of the credit score companies supplier’s inventory valued at $2,132,000 after shopping for a further 1,503 shares within the final quarter. 63.11% of the inventory is owned by hedge funds and different institutional traders.

Credit score Acceptance Firm Profile

(Get Score)

Credit score Acceptance Company supplies financing applications, and associated services and products to impartial and franchised car sellers in the US. The corporate advances cash to sellers in alternate for the precise to service the underlying client loans; and buys the patron loans from the sellers and retains numerous quantities collected from the customers.

See Additionally

This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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