Credit Acceptance (CACC) Projected to Post Earnings on Wednesday

Credit Acceptance (NASDAQ:CACC) is projected to release its earnings data before the market opens on Wednesday, January 29th. Analysts expect Credit Acceptance to post earnings of $7.70 per share and revenue of $562,400.00 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Credit Acceptance (NASDAQ:CACC) last released its earnings results on Wednesday, October 30th. The credit services provider reported $8.79 EPS for the quarter, beating the consensus estimate of $7.88 by $0.91. The company had revenue of $550.30 million during the quarter, compared to analysts’ expectations of $548.13 million. Credit Acceptance had a return on equity of 29.18% and a net margin of 9.08%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $10.70 EPS. On average, analysts expect Credit Acceptance to post $37 EPS for the current fiscal year and $55 EPS for the next fiscal year.

Credit Acceptance Stock Up 2.4 %

NASDAQ CACC opened at $496.47 on Wednesday. The stock has a fifty day moving average of $472.02 and a 200-day moving average of $475.34. The stock has a market capitalization of $6.01 billion, a P/E ratio of 33.34 and a beta of 1.46. Credit Acceptance has a 52 week low of $409.22 and a 52 week high of $616.66. The company has a debt-to-equity ratio of 3.79, a quick ratio of 23.63 and a current ratio of 23.63.

Wall Street Analyst Weigh In

CACC has been the topic of several recent research reports. TD Cowen reduced their price target on Credit Acceptance from $400.00 to $380.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. StockNews.com upgraded Credit Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, Stephens initiated coverage on Credit Acceptance in a research report on Wednesday, November 13th. They issued an “equal weight” rating and a $452.00 price target on the stock.

Insider Transactions at Credit Acceptance

In other Credit Acceptance news, COO Jonathan Lum sold 552 shares of Credit Acceptance stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $489.90, for a total transaction of $270,424.80. Following the transaction, the chief operating officer now directly owns 31,493 shares in the company, valued at approximately $15,428,420.70. The trade was a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.30% of the stock is owned by corporate insiders.

Credit Acceptance Company Profile

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers.