Credit Acceptance Stock Today
| CACC Stock | USD 473.10 13.08 2.84% |
Performance0 of 100
| Odds Of DistressLess than 5
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Credit Acceptance is trading at 473.10 as of the 24th of November 2024, a 2.84% increase since the beginning of the trading day. The stock's open price was 460.02. Credit Acceptance has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Credit Acceptance are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2024 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 5th of June 1992 | Classification Financials |
Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company was founded in 1972 and is headquartered in Southfield, Michigan. Credit Acceptance operates under Credit Services classification in the United States and is traded on NASDAQ Exchange. The company has 12.11 M outstanding shares of which 531.9 K shares are currently shorted by private and institutional investors with about 10.38 trading days to cover. More on Credit Acceptance
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Credit Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| President | Douglas Busk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Consumer Finance, Financial Services, NASDAQ Composite, NASDAQ Financial 100, NASDAQ Composite Total, Financials, Consumer Finance, Credit Services, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsCredit Acceptance can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Credit Acceptance's financial leverage. It provides some insight into what part of Credit Acceptance's total assets is financed by creditors.
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Credit Acceptance (CACC) is traded on NASDAQ Exchange in USA. It is located in 25505 West Twelve Mile Road, Southfield, MI, United States, 48034-8339 and employs 2,232 people. Credit Acceptance is listed under Consumer Finance category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.73 B. Credit Acceptance conducts business under Consumer Finance sector and is part of Financials industry. The entity has 12.11 M outstanding shares of which 531.9 K shares are currently shorted by private and institutional investors with about 10.38 trading days to cover.
Credit Acceptance currently holds about 4.1 M in cash with 1.2 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.32.
Check Credit Acceptance Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Credit Acceptance is $5.73 Billion. Over half of Credit Acceptance's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
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Credit Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Smead Capital Management Inc | 2024-09-30 | 207.8 K | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 181.9 K | |
| Alfreton Capital Llp | 2024-09-30 | 170 K | |
| Rv Capital Gmbh | 2024-09-30 | 134.2 K | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 120.2 K | |
| Mig Capital, Llc | 2024-09-30 | 116.5 K | |
| State Street Corp | 2024-06-30 | 112.4 K | |
| Geode Capital Management, Llc | 2024-09-30 | 111.4 K | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 94.1 K | |
| Prescott General Partners Llc | 2024-09-30 | 1.6 M | |
| Prescott Investors Inc | 2024-09-30 | 1.6 M |
Credit Acceptance Historical Income Statement
Credit Stock Against Markets
Credit Acceptance Corporate Management
| Wendy Rummler | Chief Officer | Profile | |
| Ravi Valiyaveettil | Chief Officer | Profile | |
| Jonathan Lum | Chief Officer | Profile | |
| Jay Martin | Senior Officer | Profile | |
| Noah Kotch | Chief Officer | Profile | |
| Ravi Mohan | Chief Officer | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credit Acceptance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Credit Acceptance. If investors know Credit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Credit Acceptance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.169 | Earnings Share 14.95 | Revenue Per Share 67.945 | Quarterly Revenue Growth 0.138 | Return On Assets 0.0236 |
The market value of Credit Acceptance is measured differently than its book value, which is the value of Credit that is recorded on the company's balance sheet. Investors also form their own opinion of Credit Acceptance's value that differs from its market value or its book value, called intrinsic value, which is Credit Acceptance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Credit Acceptance's market value can be influenced by many factors that don't directly affect Credit Acceptance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Credit Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credit Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credit Acceptance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.