CACC - Credit Acceptance Corp Stock Price, Fair Value and News

497.00USD-1.41 (-0.28%)Market Closed

Market Summary

USD497.00-1.41

Market Closed

-0.28%

CACC Alerts

Big fall in earnings (Y/Y)

CACC Stock Price

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CACC RSI Chart

CACC Valuation

Market Cap

6.0B

Price/Earnings (Trailing)

23.99

Price/Sales (Trailing)

3.08

EV/EBITDA

9.38

Price/Free Cashflow

4.96

CACC Price/Sales (Trailing)

CACC Profitability

EBT Margin

16.73%

Return on Equity

15.19%

Return on Assets

3.1%

Free Cashflow Yield

20.17%

CACC Fundamentals

CACC Revenue

Revenue (TTM)

2.0B

Rev. Growth (Yr)

11.94%

Rev. Growth (Qtr)

3.34%

CACC Earnings

Earnings (TTM)

250.9M

Earnings Growth (Yr)

-35.38%

Earnings Growth (Qtr)

-31.3%

Breaking Down CACC Revenue

Last 7 days

-3.5%

Last 30 days

-6.7%

Last 90 days

-11.4%

Trailing 12 Months

13.5%

How does CACC drawdown profile look like?

CACC Financial Health

CACC Investor Care

Buy Backs (1Y)

5.66%

Diluted EPS (TTM)

19.46

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	2.0B	0	0	0
2023	1.8B	1.9B	1.9B	1.9B
2022	1.9B	1.8B	1.8B	1.8B
2021	1.7B	1.8B	1.8B	1.9B
2020	1.5B	1.6B	1.6B	1.7B
2019	1.3B	1.4B	1.4B	1.5B
2018	1.1B	1.2B	1.2B	1.3B
2017	1.0B	1.0B	1.1B	1.1B
2016	859.0M	894.4M	930.8M	969.2M
2015	740.8M	764.1M	792.6M	825.3M
2014	694.3M	704.7M	713.7M	723.5M
2013	631.5M	649.1M	666.1M	682.1M
2012	544.1M	565.9M	587.9M	609.2M
2011	462.3M	480.6M	502.6M	525.2M
2010	0	401.1M	421.6M	442.1M
2009	0	0	0	380.7M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Credit Acceptance Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 18, 2024	rostami andrew k	sold (taxes)	-227,004	536	-423	chief mktg and product officer
Mar 21, 2024	busk douglas w	sold	-1,431,450	572	-2,500	chief treasury officer
Mar 21, 2024	busk douglas w	acquired	834,850	333	2,500	chief treasury officer
Mar 15, 2024	lum jonathan	acquired	834,850	333	2,500	chief operating officer
Mar 15, 2024	lum jonathan	sold	-1,374,230	549	-2,500	chief operating officer
Mar 01, 2024	smith arthur l	sold	-4,832,540	554	-8,723	chief analytics officer
Mar 01, 2024	smith arthur l	acquired	2,912,960	333	8,723	chief analytics officer
Feb 29, 2024	smith arthur l	sold	-2,095,160	554	-3,777	chief analytics officer
Feb 29, 2024	smith arthur l	acquired	1,261,290	333	3,777	chief analytics officer
Feb 02, 2024	busk douglas w	sold	-289,990	579	-500	chief treasury officer

Which funds bought or sold CACC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-6.42	-121,428	3,779,220	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-69.27	-6,997,870	3,265,180	-%
May 16, 2024	Tidal Investments LLC	new	-	1,609,970	1,609,970	0.03%
May 16, 2024	Redwood Investment Management, LLC	new	-	1,512,000	1,512,000	0.14%
May 16, 2024	Ancora Advisors LLC	new	-	552	552	-%
May 16, 2024	COMERICA BANK	new	-	364,575	364,575	-%
May 15, 2024	Waverly Advisors, LLC	unchanged	-	19,385	568,097	0.01%
May 15, 2024	GOODNOW INVESTMENT GROUP, LLC	reduced	-5.14	-744,866	40,776,600	4.89%
May 15, 2024	Ruane, Cunniff & Goldfarb L.P.	reduced	-3.92	-2,104,000	396,035,000	6.15%
May 15, 2024	Gobi Capital LLC	added	0.27	7,416,150	201,729,000	12.59%

Are Funds Buying or Selling CACC?

Are funds buying CACC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CACC

No. of Funds

CACC Alerts

Big fall in earnings (Y/Y)

Unveiling Credit Acceptance Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 25, 2024	watson jill foss	6.6%	810,345	SC 13D/A
Mar 22, 2024	donald a. foss 2009 annuity trust	6.6%	813,854	SC 13D/A
Feb 14, 2024	ruane, cunniff & goldfarb l.p.	5.95%	747,356	SC 13G/A
Feb 14, 2024	watson jill foss	7.1%	874,059	SC 13D/A
Sep 21, 2023	neary john p	9.0%	1,152,797	SC 13G
Sep 21, 2023	neary john p	0.0%	0	SC 13G/A
Sep 21, 2023	donald a. foss 2009 annuity trust	7.3%	931,323	SC 13D/A
Feb 14, 2023	ruane, cunniff & goldfarb l.p.	6.18%	798,731	SC 13G/A
Feb 09, 2023	vanguard group inc	4.55%	588,413	SC 13G/A
Feb 06, 2023	wellington management group llp	4.96%	641,379	SC 13G/A

Recent SEC filings of Credit Acceptance Corp

View All Filings

Date Filed	Form Type	Document
Apr 30, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report
Apr 25, 2024	ARS	ARS
Apr 25, 2024	DEF 14A	DEF 14A
Apr 25, 2024	DEFA14A	DEFA14A
Apr 22, 2024	4	Insider Trading
Apr 03, 2024	8-K	Current Report
Apr 03, 2024	8-K	Current Report
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	SC 13D/A	13D - Major Acquisition

Peers (Alternatives to Credit Acceptance Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MA	429.6B	25.7B	0.06%	17.45%	36.27	16.72	12.62%	22.62%
AXP	174.7B	62.0B	11.59%	58.26%	19.42	2.82	11.96%	24.39%
PYPL	67.4B	30.4B	1.93%	5.24%	15.54	2.22	8.39%	60.41%
COF	54.2B	43.4B	3.71%	42.95%	13.96	1.25	26.76%	-52.19%
DFS	31.4B	17.8B	4.61%	24.66%	13.9	1.76	38.72%	-44.91%
ALLY	12.2B	14.3B	10.64%	47.10%	14.22	0.86	22.92%	-37.74%
MID-CAP
CACC	6.0B	2.0B	-6.68%	13.52%	23.99	3.08	6.86%	-40.40%
FCFS	5.3B	3.2B	-9.34%	13.89%	22.91	1.66	13.90%	-14.51%
WU	4.4B	4.4B	2.66%	5.54%	7.21	1.02	0.29%	-19.79%
NNI	4.1B	1.1B	17.27%	16.15%	29.63	3.68	26.09%	-44.07%
SMALL-CAP
ENVA	1.7B	2.2B	5.37%	34.20%	9.77	0.75	22.40%	-16.16%
ATLC	357.4M	1.2B	-5.44%	-21.25%	3.48	0.3	9.96%	-11.98%
CPSS	181.0M	360.7M	1.53%	-18.77%	5.01	0.5	6.56%	-54.11%
AIHS	8.6M	7.3M	11.11%	2.26%	-2.23	1.18	-51.06%	-195.09%
CURO	2.5M	853.2M	-12.50%	-95.07%	-0.01	0	-15.13%	-1364.54%

Credit Acceptance Corp News

Latest updates

Credit Acceptance Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.3%	508	492	479	478	454	459	460	457	456	463	470	472	451	447	427	406	389	386	379	371	354
Costs and Expenses	12.4%	422	375	382	450	327	296	338	315	171	179	138	92.00	187	231	108	279	502	171	160	155	148
Operating Expenses	10.3%	126	114	111	117	117	104	103	117	103	-	-	-	-	-	-	-	-	-	-	-	-
S&GA Expenses	14.9%	24.00	21.00	23.00	26.00	22.00	18.00	20.00	19.00	19.00	17.00	16.00	15.00	17.00	16.00	17.00	18.00	19.00	17.00	17.00	18.00	19.00
EBITDA Margin	-3.1%	0.33*	0.34*	0.35*	0.35*	0.41*	0.48*	0.54*	0.65*	0.78*	0.77*	0.75*	0.76*	-	-	-	-	-	-	-	-	-
Interest Expenses	17.4%	93.00	79.00	71.00	63.00	54.00	49.00	42.00	39.00	37.00	39.00	40.00	42.00	44.00	45.00	47.00	48.00	52.00	51.00	50.00	50.00	45.00
Income Taxes	-3.1%	22.00	23.00	26.00	6.00	27.00	36.00	35.00	35.00	70.00	67.00	82.00	91.00	62.00	50.00	76.00	31.00	-29.00	53.00	54.00	51.00	42.00
Earnings Before Taxes	-25.8%	86.00	116	97.00	28.00	127	163	122	142	285	285	332	380	264	216	318	128	-112	215	219	215	206
EBT Margin	-13.5%	0.17*	0.19*	0.22*	0.24*	0.30*	0.39*	0.45*	0.57*	0.69*	0.68*	0.65*	0.66*	-	-	-	-	-	-	-	-	-
Net Income	-31.3%	64.00	94.00	71.00	22.00	100	127	87.00	107	214	218	250	289	202	166	242	96.00	-83.80	162	165	164	164
Net Income Margin	-14.7%	0.13*	0.15*	0.17*	0.18*	0.23*	0.29*	0.34*	0.43*	0.52*	0.52*	0.49*	0.50*	-	-	-	-	-	-	-	-	-
Free Cashflow	0.1%	310	310	314	281	296	286	325	250	374	130	267	341	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	6.4%	8,097	7,610	7,397	7,206	7,155	6,905	6,892	6,979	7,038	7,051	7,199	7,801	7,707	7,489	7,422	7,338	7,260	7,423	7,071	6,909	6,750
Cash Equivalents	-36.4%	8.00	13.00	3.00	3.00	8.00	8.00	11.00	4.00	18.00	23.00	13.00	384	46.00	396	9.00	9.00	26.00	518	25.00	20.00	41.00
Net PPE	-4.1%	45.00	47.00	47.00	49.00	50.00	51.00	52.00	54.00	57.00	57.00	58.00	58.00	58.00	59.00	61.00	62.00	62.00	60.00	59.00	53.00	43.00
Liabilities	10.0%	6,445	5,857	5,696	5,459	5,432	5,281	5,303	5,458	5,410	5,227	5,245	5,408	5,337	5,187	5,113	5,273	5,294	5,068	4,688	4,693	4,701
Shareholder's Equity	-5.8%	1,652	1,754	1,701	1,747	1,723	1,624	1,589	1,520	1,629	1,824	1,954	2,393	2,370	2,303	2,309	2,065	1,966	2,355	2,383	2,215	2,049
Retained Earnings	-8.5%	1,350	1,476	1,432	1,488	1,473	1,381	1,357	1,296	1,419	1,627	1,787	2,241	2,207	2,139	2,146	1,904	1,808	2,197	2,226	2,061	1,896
Additional Paid-In Capital	8.8%	304	279	271	262	252	246	236	226	212	197	166	151	162	162	160	159	158	158	156	154	152
Shares Outstanding	-2.4%	12.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	14.00	16.00	17.00	17.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	3,237	-	-	-	3,077	-	-	-	3,074	-	-	-	4,143	-	-	-	4,959	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-0.4%	310,000	311,200	313,400	282,700	296,500	286,800	326,300	249,500	376,100	131,100	269,800	343,300	325,200	202,200	276,700	275,000	231,300	204,300	207,400	170,900	229,700
Share Based Compensation	7.9%	10,900	10,100	9,300	9,800	9,900	9,600	8,700	9,100	9,100	19,400	15,200	-10,900	1,100	1,500	1,500	1,400	1,800	1,900	2,000	1,500	2,200
Cashflow From Investing	-69.3%	-583,900	-344,900	-359,900	-367,800	-344,200	-121,500	-172,700	-147,900	-18,500	223,100	192,600	134,200	-112,600	-15,500	-86,000	-275,700	-296,300	-151,200	-204,600	-266,200	-402,200
Cashflow From Financing	458.1%	370,600	66,400	72,700	9,000	118,100	-143,000	-189,000	-169,500	-293,100	-362,300	-881,000	-200,800	-24,600	-191,300	-181,100	-41,900	-18,900	110,100	3,200	-15,400	302,400
Buy Backs	256.5%	191,100	53,600	126,300	7,800	14,900	105,300	26,500	229,700	423,000	377,900	704,200	254,500	135,200	173,700	-	-	307,100	191,200	-	-	109,200

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CACC Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Finance charges	$ 469.2	$ 421.1
Premiums earned	21.9	17.4
Other income	16.9	15.3
Total revenue	508.0	453.8
Costs and expenses:
Salaries and wages	78.5	77.2
General and administrative	23.7	18.0
Sales and marketing	23.9	22.1
Operating Expenses	126.1	117.3
Total provision for credit losses	186.0	137.4
Interest	92.5	54.4
Provision for claims	17.0	17.9
Total costs and expenses	421.6	327.0
Income before provision for income taxes	86.4	126.8
Provision for income taxes	22.1	27.3
Net income	$ 64.3	$ 99.5
Net income per share:
Basic (in usd per share)	$ 5.15	$ 7.62
Diluted (in usd per share)	$ 5.08	$ 7.61
Weighted average shares outstanding:
Basic (in shares)	12,481,139	13,057,617
Diluted (in shares)	12,646,529	13,073,316

CACC Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions

Mar. 31, 2024

Dec. 31, 2023

ASSETS:

Cash and cash equivalents

$ 8.4

$ 13.2

Restricted cash and cash equivalents

559.2

457.7

Debt Securities, Available-for-sale, Restricted

99.9

93.2

Loans receivable

^[1],[2]

10,483.5

10,020.1

Allowance for credit losses

(3,137.9)

(3,064.8)

Loans receivable, net

7,345.6

6,955.3

Property and equipment, net

44.6

46.5

Income taxes receivable

11.1

4.3

Other assets

28.2

40.0

Total assets

8,097.0

7,610.2

Liabilities:

Accounts payable and accrued liabilities

342.7

318.8

Revolving secured lines of credit

169.5

79.2

Secured financing

4,444.1

3,990.9

Senior notes

989.6

989.0

Mortgage note

^[3]

8.3

8.4

Deferred income taxes, net

421.1

389.2

Income taxes payable

69.5

81.0

Total liabilities

6,444.8

5,856.5

Commitments and Contingencies - See Note 16

Shareholders' Equity:

Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued

0.0

Common stock, $.01 par value, 80,000,000 shares authorized, 12,220,580 and 12,522,397 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively

0.1

Paid-in capital

303.5

279.0

Retained earnings

1,349.8

1,475.6

Accumulated other comprehensive loss

(1.2)

(1.0)

Total shareholders’ equity

1,652.2

1,753.7

Total liabilities and shareholders’ equity

$ 8,097.0

$ 7,610.2

Preferred stock, par value (in usd per share)

$ 0.01

Preferred stock, shares authorized

1,000,000

Preferred stock, shares issued

Common stock, par value (in usd per share)

$ 0.01

Common stock, shares authorized

80,000,000

Common stock, shares issued

12,220,580

12,522,397

Balance, shares

12,220,580

12,522,397

[1]	As Consumer Loans are aggregated by Dealer for purposes of recognizing revenue and measuring credit losses, the Dealer Loan amount was estimated by allocating the balance of each Dealer Loan to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.
[2]	As certain Consumer Loans are aggregated by Dealer or month of purchase for purposes of recognizing revenue and measuring credit losses, the Purchased Loan amount was estimated by allocating the balance of certain Purchased Loans to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.
[3]	Measured at amortized cost with fair value disclosed.

About Credit Acceptance Corp

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services to independent and franchised automobile dealers 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. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was incorporated in 1972 and is headquartered in Southfield, Michigan.

CEO	Mr. Kenneth S. Booth
WEBSITE	creditacceptance.com
INDUSTRY	Credit Services
EMPLOYEES	2246

Credit Acceptance Corp Frequently Asked Questions

What is the ticker symbol for Credit Acceptance Corp? What does CACC stand for in stocks?

CACC is the stock ticker symbol of Credit Acceptance Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Credit Acceptance Corp (CACC)?

As of Fri May 17 2024, market cap of Credit Acceptance Corp is 6.02 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CACC stock?

You can check CACC's fair value in chart for subscribers.

What is the fair value of CACC stock?

You can check CACC's fair value in chart for subscribers. The fair value of Credit Acceptance Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Credit Acceptance Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CACC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Credit Acceptance Corp a good stock to buy?

The fair value guage provides a quick view whether CACC is over valued or under valued. Whether Credit Acceptance Corp is cheap or expensive depends on the assumptions which impact Credit Acceptance Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CACC.

What is Credit Acceptance Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, CACC's PE ratio (Price to Earnings) is 23.99 and Price to Sales (PS) ratio is 3.08. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CACC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Credit Acceptance Corp's stock?

In the past 10 years, Credit Acceptance Corp has provided 0.145 (multiply by 100 for percentage) rate of return.