Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Credit Acceptance Corp Market Cap
The Credit Acceptance Corp (CACC) share price is expected to decrease by 13.67% over the next year. This is based on calculating the average 12-month share price estimate provided by 4 stock analysts who have covered CACC. Price targets range from $374 at the low end to $500 at the high end. The current analyst consensus for CACC is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 4 Wall Street analysts have assigned CACC 0 buy ratings, 3 hold ratings, and 1 sell ratings. This means that analysts expect Credit Acceptance Corp to generate similar returns as the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CACC. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of CACC.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Moshe Orenbuch TD Cowen | Sell | $380 | Maintains | Nov 1, 2024 |
| Moshe Orenbuch TD Cowen | Sell | $400 | Maintains | Aug 1, 2024 |
| Moshe Orenbuch TD Cowen | Sell | $420 | Maintains | May 2, 2024 |
| Moshe Orenbuch TD Cowen | Underperform | Initiates | Nov 1, 2023 | |
| James Fotheringham BMO Capital | Market Perform | $347 | Maintains | Oct 31, 2023 |
| Vincent Caintic Stephens & Co. | Equal-Weight | $440 | Reiterates | Oct 31, 2023 |
| Moshe Orenbuch Credit Suisse | Underperform | $380 | Maintains | May 2, 2023 |
| Vincent Caintic Stephens & Co. | Equal-Weight | $440 | Maintains | May 2, 2023 |
| Vincent Caintic Stephens & Co. | Equal-Weight | $442 | Reiterates | Mar 9, 2023 |
| James Fotheringham BMO Capital | Market Perform | $380 | Maintains | Feb 1, 2023 |
| James Fotheringham BMO Capital | Market Perform | $364 | Maintains | Nov 3, 2022 |
| Moshe Orenbuch Credit Suisse | Underperform | $410 | Maintains | Nov 2, 2022 |
| Vincent Caintic Stephens & Co. | Equal-Weight | $442 | Maintains | Nov 2, 2022 |
| Moshe Orenbuch Credit Suisse | Underperform | $440 | Maintains | Aug 2, 2022 |
| Moshe Orenbuch Credit Suisse | Underperform | $460 | Maintains | May 3, 2022 |
| James Fotheringham BMO Capital | Market Perform | $428 | Maintains | Feb 1, 2022 |
| Moshe Orenbuch Credit Suisse | Underperform | $420 | Maintains | Nov 2, 2021 |
| David Scharf JMP Securities | Market Underperform | $355 | Maintains | Nov 2, 2021 |
| Vincent Caintic Stephens & Co. | Equal-Weight | $519 | Maintains | Nov 2, 2021 |
| Moshe Orenbuch Credit Suisse | Underperform | $360 | Maintains | Jul 30, 2021 |
When did it IPO
1992
Staff Count
2,232
Country
United States
Sector/Industry
Financial Services/Credit Services
CEO
Mr. Kenneth S. Booth
Market Cap
$5.98B
In 2023, CACC generated $1.88B in revenue, which was a increase of 3.12% from the previous year. This can be seen as a signal that CACC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 05 Dec 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Credit Acceptance Corporation has increased its Warehouse Facility V from $200M to $250M, extended its revolving period to Dec 2027, and reduced the interest rate from SOFR + 245 bps to SOFR + 185 bps.
Why It Matters - Credit Acceptance's increased and extended warehouse facility enhances liquidity and lowers borrowing costs, improving financial flexibility and potentially boosting profitability, positively impacting investor sentiment.
Mon, 18 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Credit Acceptance Corporation (CACC) ranked #2 among large companies in Michigan in the 2024 Detroit Free Press Top Workplaces, marking its 13th consecutive year receiving this recognition.
Why It Matters - Credit Acceptance's recognition as a top workplace reflects strong employee satisfaction, which can enhance productivity and retention, potentially leading to better financial performance and stock stability.
Fri, 01 Nov 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Credit Acceptance's Q3 earnings were impacted by higher provisions and operating expenses, despite an increase in revenues.
Why It Matters - Higher provisions and expenses indicate potential future risks, while rising revenues suggest demand. Both factors will influence Credit Acceptance's profitability and investor sentiment.
Thu, 31 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Credit Acceptance Corporation (NASDAQ:CACC) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 10:00 AM ET, featuring CEO Ken Booth and CFO Jay Martin.
Why It Matters - The Q3 earnings call for Credit Acceptance Corporation will provide insights into the company’s financial performance, operational strategies, and future outlook, influencing stock valuation and investment decisions.
Wed, 30 Oct 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Credit Acceptance Corp (CACC) reported Q3 2024 net income of $78.8M ($6.35/share), up from $70.8M ($5.43/share) in Q3 2023. Adjusted net income was $109.1M ($8.79/share), down from $139.5M ($10.70/share).
Why It Matters - Credit Acceptance Corporation's rising consolidated net income signals strong performance, but the decline in adjusted net income suggests potential concerns about profitability trends affecting future valuations.
Wed, 30 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Credit Acceptance (CACC) reported revenue and EPS for Q3 2024; investors should compare these figures against Wall Street estimates and year-ago metrics for a clearer performance assessment.
Why It Matters - Comparison of Credit Acceptance's revenue and EPS with Wall Street estimates and prior year figures can indicate growth potential and market sentiment, influencing stock performance and investment decisions.
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