Jill Foss Watson Sells 29,956 Shares of Credit Acceptance Corporation (NASDAQ:CACC) Stock

Credit Acceptance Corporation (NASDAQ:CACC) major shareholder Jill Foss Watson sold 29,956 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $270.81, for a total transaction of $8,112,384.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Jill Foss Watson also recently made the following trade(s):

  • On Thursday, August 3rd, Jill Foss Watson sold 47,303 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $270.75, for a total transaction of $12,807,287.25.
  • On Wednesday, August 2nd, Jill Foss Watson sold 35,348 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $275.69, for a total transaction of $9,745,090.12.
  • On Tuesday, August 1st, Jill Foss Watson sold 35,751 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $270.82, for a total transaction of $9,682,085.82.
  • On Thursday, June 8th, Jill Foss Watson sold 4,947 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $225.63, for a total transaction of $1,116,191.61.
  • On Tuesday, June 6th, Jill Foss Watson sold 19,433 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $221.99, for a total transaction of $4,313,931.67.
  • On Wednesday, June 7th, Jill Foss Watson sold 19,424 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $225.80, for a total transaction of $4,385,939.20.
  • On Monday, June 5th, Jill Foss Watson sold 21,017 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $221.99, for a total transaction of $4,665,563.83.
  • On Friday, June 2nd, Jill Foss Watson sold 10,112 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $219.61, for a total transaction of $2,220,696.32.
  • On Thursday, June 1st, Jill Foss Watson sold 26,051 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $217.84, for a total transaction of $5,674,949.84.
  • On Thursday, May 25th, Jill Foss Watson sold 16,675 shares of Credit Acceptance Corporation stock. The stock was sold at an average price of $219.42, for a total transaction of $3,658,828.50.

Credit Acceptance Corporation (NASDAQ:CACC) opened at 278.32 on Thursday. The firm has a 50-day moving average price of $254.21 and a 200 day moving average price of $218.97. The company has a market capitalization of $5.42 billion, a P/E ratio of 15.21 and a beta of 0.51. Credit Acceptance Corporation has a 1-year low of $160.63 and a 1-year high of $281.67.

Credit Acceptance Corporation (NASDAQ:CACC) last posted its quarterly earnings data on Monday, July 31st. The credit services provider reported $5.22 EPS for the quarter, beating the Zacks’ consensus estimate of $4.89 by $0.33. Credit Acceptance Corporation had a return on equity of 32.24% and a net margin of 35.13%. The business had revenue of $253.20 million during the quarter, compared to analysts’ expectations of $268.18 million. During the same period in the previous year, the business earned $4.38 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. On average, equities analysts predict that Credit Acceptance Corporation will post $19.90 EPS for the current year.

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Several hedge funds have recently modified their holdings of CACC. Russell Investments Group Ltd. boosted its stake in shares of Credit Acceptance Corporation by 46.1% in the first quarter. Russell Investments Group Ltd. now owns 732 shares of the credit services provider’s stock valued at $146,000 after buying an additional 231 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Credit Acceptance Corporation by 102.8% in the second quarter. SG Americas Securities LLC now owns 618 shares of the credit services provider’s stock valued at $159,000 after buying an additional 22,463 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Credit Acceptance Corporation during the first quarter valued at approximately $177,000. Karp Capital Management Corp purchased a new stake in shares of Credit Acceptance Corporation during the first quarter valued at approximately $244,000. Finally, Gotham Asset Management LLC purchased a new stake in shares of Credit Acceptance Corporation during the first quarter valued at approximately $270,000. Hedge funds and other institutional investors own 72.50% of the company’s stock.

Several equities research analysts recently issued reports on CACC shares. Zacks Investment Research raised shares of Credit Acceptance Corporation from a “hold” rating to a “strong-buy” rating and set a $248.00 target price for the company in a report on Thursday, May 4th. BidaskClub upgraded Credit Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Janney Montgomery Scott upgraded Credit Acceptance Corporation from a “sell” rating to a “neutral” rating and upped their price target for the stock from $187.00 to $200.00 in a research note on Tuesday, May 2nd. BMO Capital Markets restated a “market perform” rating and issued a $226.00 price target (up from $212.00) on shares of Credit Acceptance Corporation in a research note on Wednesday, May 3rd. Finally, Raymond James Financial, Inc. upgraded Credit Acceptance Corporation from an “underperform” rating to a “market perform” rating in a research note on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Credit Acceptance Corporation presently has an average rating of “Hold” and a consensus target price of $216.56.

Credit Acceptance Corporation Company Profile

Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans.

Insider Buying and Selling by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)

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