Credit Acceptance Stock Today
| CACC Stock | USD 536.40 3.85 0.72% |
Performance0 of 100
| Odds Of DistressLess than 5
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Credit Acceptance is trading at 536.40 as of the 19th of April 2024, a 0.72 percent up since the beginning of the trading day. The stock's open price was 532.55. 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 19th of February 2024 and ending today, the 19th of April 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 12.3 M outstanding shares of which 629.13 K shares are currently shorted by private and institutional investors with about 9.7 trading days to cover. More on Credit Acceptance
Follow Valuation Options Odds of Bankruptcy
Financial Report 6th of May 2024
Credit Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Credit Acceptance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Credit Acceptance or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and Executive Director | Brett Roberts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 Analysts covering Credit Acceptance report their recommendations after researching Credit Acceptance's financial statements, talking to executives and customers, or listening in on Credit Acceptance's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Credit Acceptance. The Credit consensus assessment is calculated by taking the average forecast from all of the analysts covering Credit Acceptance. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Credit Acceptance's historical financial statements, Credit Acceptance may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. Financial strength of Credit Acceptance is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Credit Acceptance's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Credit Acceptance's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Credit Acceptance's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Credit Acceptance's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to 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 6.6 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Credit Acceptance's market, we take the total number of its shares issued and multiply it by Credit Acceptance's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Credit Acceptance conducts business under Consumer Finance sector and is part of Financials industry. The entity has 12.3 M outstanding shares of which 629.13 K shares are currently shorted by private and institutional investors with about 9.7 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 $6.6 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. Consequently, these institutions are subject to different rules and regulations than regular investors in Credit Acceptance. Please watch out for any change in the institutional holdings of Credit Acceptance as this could mean something significant has changed or is about to change at the company. Also note that nearly eight hundred sixty-one thousand two hundred ten invesors are currently shorting Credit Acceptance expressing very little confidence in its future performance.
Check Credit Ownership Details
Credit Stock Price Odds Analysis
What are Credit Acceptance's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Credit Acceptance jumping above the current price in 90 days from now is about 87.6%. The Credit Acceptance probability density function shows the probability of Credit Acceptance stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6336 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Credit Acceptance will likely underperform. Additionally, credit Acceptance has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Credit Acceptance to move above the current price in 90 days from now is about 87.6 (This Credit Acceptance probability density function shows the probability of Credit Stock to fall within a particular range of prices over 90 days) .
Credit Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Credit Acceptance that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Credit Acceptance's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Credit Acceptance's value.| Instituion | Recorded On | Shares | |
| Abrams Bison Investments, Llc | 2023-12-31 | 164 K | |
| Rv Capital Gmbh | 2023-12-31 | 145.9 K | |
| Kize Capital Lp | 2023-12-31 | 117 K | |
| State Street Corporation | 2023-12-31 | 108.3 K | |
| Geode Capital Management, Llc | 2023-12-31 | 104.8 K | |
| Lmr Partners Llp | 2023-12-31 | 104 K | |
| Hsbc Holdings Plc | 2023-12-31 | 102.1 K | |
| Investmentaktiengesellschaft Fur Langfristige Investoren Tgv | 2023-12-31 | 102 K | |
| Smith Thomas W | 2023-09-30 | 96.2 K | |
| Prescott General Partners Llc | 2023-12-31 | 1.6 M | |
| Hpm Partners Llc | 2023-12-31 | 887 K |
Credit Acceptance Historical Income Statement
Credit Acceptance Income Statement is one of the three primary financial statements used for reporting Credit's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Credit Acceptance revenue and expense. Credit Acceptance Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Credit Acceptance's Selling And Marketing Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 2 B, whereas Depreciation And Amortization is forecasted to decline to about 25.3 M. View More FundamentalsCredit Stock Against Markets
Picking the right benchmark for Credit Acceptance stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Credit Acceptance stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Credit Acceptance is critical whether you are bullish or bearish towards Credit Acceptance at a given time. Please also check how Credit Acceptance's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Credit Acceptance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Credit Acceptance Corporate Executives
Elected by the shareholders, the Credit Acceptance's board of directors comprises two types of representatives: Credit Acceptance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Credit. The board's role is to monitor Credit Acceptance's management team and ensure that shareholders' interests are well served. Credit Acceptance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Credit Acceptance's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kenneth Booth | CFO and Chief Accounting Officer | Profile |
How to buy Credit Stock?
Before investing in Credit Acceptance, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Credit Acceptance. To buy Credit Acceptance stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Credit Acceptance. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Credit Acceptance stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Credit Acceptance stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Credit Acceptance stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Credit Acceptance, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Credit Stock please use our How to Invest in Credit Acceptance guide.
Already Invested in Credit Acceptance?
The danger of trading Credit Acceptance is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Credit Acceptance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Credit Acceptance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Credit Acceptance is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Credit Acceptance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Credit Acceptance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Credit Acceptance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Credit Acceptance Stock: 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 tightly coupled 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.Note that the Credit Acceptance information on this page should be used as a complementary analysis to other Credit Acceptance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Credit Stock analysis
When running Credit Acceptance's price analysis, check to measure Credit Acceptance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Credit Acceptance is operating at the current time. Most of Credit Acceptance's value examination focuses on studying past and present price action to predict the probability of Credit Acceptance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Acceptance's price. Additionally, you may evaluate how the addition of Credit Acceptance to your portfolios can decrease your overall portfolio volatility.
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Is Credit Acceptance's industry 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 (0.24) | Earnings Share 21.99 | Revenue Per Share 69.418 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0394 |
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.