Credit Acceptance (CACC) Set to Announce Quarterly Earnings on Tuesday

Credit Acceptance (NASDAQ:CACC) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $9.28 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Credit Acceptance (NASDAQ:CACC) last released its earnings results on Wednesday, January 31st. The credit services provider reported $10.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.17 by $0.89. The business had revenue of $491.60 million for the quarter, compared to analyst estimates of $478.80 million. Credit Acceptance had a net margin of 15.04% and a return on equity of 30.94%. On average, analysts expect Credit Acceptance to post $41 EPS for the current fiscal year and $47 EPS for the next fiscal year.

Credit Acceptance Price Performance

CACC stock opened at $526.60 on Monday. The company’s fifty day simple moving average is $547.08 and its 200 day simple moving average is $508.48. Credit Acceptance has a 12-month low of $379.77 and a 12-month high of $616.66. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 23.91 and a beta of 1.45. The company has a quick ratio of 15.71, a current ratio of 15.71 and a debt-to-equity ratio of 2.84.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Credit Acceptance from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Credit Acceptance has a consensus rating of “Hold” and a consensus price target of $381.75.

Insider Activity

In other news, insider Douglas W. Busk sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $572.58, for a total transaction of $1,431,450.00. Following the transaction, the insider now owns 3,112 shares in the company, valued at $1,781,868.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Douglas W. Busk sold 500 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $579.98, for a total transaction of $289,990.00. Following the completion of the sale, the insider now directly owns 3,112 shares of the company’s stock, valued at $1,804,897.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas W. Busk sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $572.58, for a total transaction of $1,431,450.00. Following the sale, the insider now directly owns 3,112 shares of the company’s stock, valued at $1,781,868.96. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

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.