Credit AcceptanceCACC
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 Q2 SEC filings by fund managers ($100M+ AUM)
21% more call options, than puts
Call options by funds: $30.8M | Put options by funds: $25.4M
7% more funds holding in top 10
Funds holding in top 10: 14 [Q1] → 15 (+1) [Q2]
0.38% more ownership
Funds ownership: 65.41% [Q1] → 65.8% (+0.38%) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 77
8% less capital invested
Capital invested by funds: $4.44B [Q1] → $4.1B (-$336M) [Q2]
11% less funds holding
Funds holding: 259 [Q1] → 230 (-29) [Q2]
54% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 54
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
TD Cowen Moshe Orenbuch 73% 1-year accuracy 11 / 15 met price target | 16%downside $400 | Sell Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 4 articles about CACC published over the past 30 days