Credit Acceptance (CACC)

• Market cap: $5.59B
• 1 day: 0.04%
• 5 days: -4.56%
• 1 month: 3.04%
• 3 months: 1.68%
• 6 months: -4.94%
• Year to date: -14.61%
• 1 year: -9.51%
• 5 years: 3.87%
• 10 years: 234.85%
• Sector: Financials
• Industry: Personal Credit Institutions

About: Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.

Employees: 2,232

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

23% more call options, than puts

Call options by funds: $26.4M | Put options by funds: $21.5M

4% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 73

0% more funds holding

Funds holding: 230 [Q2] → 230 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 29

0.58% less ownership

Funds ownership: 66.29% [Q2] → 65.72% (-0.58%) [Q3]

15% less capital invested

Capital invested by funds: $4.13B [Q2] → $3.53B (-$603M) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 15 [Q2] → 10 (-5) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $380 18% downside
• Avg. target: $380 18% downside
• High target: $380 18% downside

1 analyst rating

• positive: 0 0%
• neutral: 0 0%
• negative: 1 100%

TD Cowen Moshe Orenbuch 64% 1-year accuracy 9 / 14 met price target

18% downside $380

Sell Maintained

1 Nov 2024