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

515.39USD-6.83 (-1.31%)Market Closed

Market Summary

USD515.39-6.83

Market Closed

-1.31%

CACC Alerts

2 major insider sales recently.

CACC Stock Price

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CACC RSI Chart

CACC Valuation

Market Cap

6.3B

Price/Earnings (Trailing)

22.16

Price/Sales (Trailing)

3.33

EV/EBITDA

9.84

Price/Free Cashflow

5.28

CACC Price/Sales (Trailing)

CACC Profitability

EBT Margin

19.33%

Return on Equity

16.31%

Return on Assets

3.76%

Free Cashflow Yield

18.92%

CACC Fundamentals

CACC Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

7.1%

Rev. Growth (Qtr)

2.72%

CACC Earnings

Earnings (TTM)

286.1M

Earnings Growth (Yr)

-26.47%

Earnings Growth (Qtr)

32.2%

Breaking Down CACC Revenue

Last 7 days

-3.9%

Last 30 days

-6.5%

Last 90 days

-6.4%

Trailing 12 Months

8.7%

How does CACC drawdown profile look like?

CACC Financial Health

CACC Investor Care

Buy Backs (1Y)

4.13%

Diluted EPS (TTM)

21.99

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
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

Try For Just $1.99

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
Apr 24, 2024	CALIFORNIA FIRST LEASING CORP	unchanged	-	22,960	672,891	0.31%
Apr 24, 2024	CENTRAL TRUST Co	unchanged	-	715	20,959	-%
Apr 23, 2024	WEDGE CAPITAL MANAGEMENT L L P/NC	added	27.57	335,314	1,380,530	0.02%
Apr 23, 2024	AMALGAMATED BANK	added	2.3	37,000	663,000	0.01%
Apr 23, 2024	Venturi Wealth Management, LLC	unchanged	-	56.00	1,655	-%
Apr 22, 2024	PFG Investments, LLC	unchanged	-	14,115	413,663	0.03%
Apr 22, 2024	MetLife Investment Management, LLC	reduced	-3.94	6,558	64,993	-%
Apr 19, 2024	Realta Investment Advisors	unchanged	-	16,073	471,024	0.10%
Apr 19, 2024	DENALI ADVISORS LLC	added	33.33	608	2,206	-%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	854	285,332	0.01%

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

2 major insider sales recently.

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 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
Mar 22, 2024	SC 13D/A	13D - Major Acquisition
Mar 21, 2024	144	Notice of Insider Sale Intent

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	436.3B	25.1B	-3.06%	26.02%	38.97	17.38	12.87%	12.74%
AXP	166.1B	62.0B	5.56%	52.16%	18.47	2.68	11.96%	24.39%
PYPL	68.7B	29.8B	-3.85%	-11.05%	16.18	2.31	8.19%	75.53%
COF	55.5B	41.9B	3.63%	54.56%	11.24	1.32	34.26%	32.87%
DFS	31.5B	17.8B	0.16%	24.15%	10.65	1.76	38.72%	-32.51%
ALLY	11.9B	14.0B	-0.10%	53.24%	11.66	0.85	31.42%	-40.49%
MID-CAP
CACC	6.3B	1.9B	-6.48%	8.74%	22.16	3.33	3.79%	-46.60%
FCFS	5.2B	3.2B	-7.51%	20.19%	23.56	1.64	15.50%	-13.49%
WU	4.4B	4.4B	-2.71%	24.88%	7.17	1.01	0.29%	-19.79%
NNI	3.5B	1.1B	1.79%	0.52%	38.52	3.18	8.54%	-77.53%
SMALL-CAP
ENVA	1.7B	2.2B	2.03%	49.83%	9.62	0.74	22.40%	-16.16%
ATLC	388.1M	1.2B	-7.33%	-2.28%	3.77	0.34	10.41%	-24.15%
CPSS	181.3M	352.0M	17.53%	-12.36%	4	0.52	6.77%	-47.27%
AIHS	8.1M	7.3M	-9.57%	-2.52%	-2.11	1.11	-51.06%	-195.09%
CURO	3.7M	853.2M	-40.00%	-95.05%	-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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.7%	492	479	478	454	459	460	457	456	463	470	472	451	447	427	406	389	386	379	371	354	343
Costs and Expenses	-1.8%	375	382	450	327	296	338	315	171	179	138	92.00	187	231	108	279	502	171	160	155	148	142
Operating Expenses	3.4%	114	111	117	117	104	103	117	103	-	-	-	-	-	-	-	-	-	-	-	-	-
S&GA Expenses	-7.6%	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	16.00
EBITDA Margin	-4.3%	0.34*	0.35*	0.35*	0.41*	0.48*	0.54*	0.65*	0.78*	0.77*	0.75*	0.76*	0.65*	-	-	-	-	-	-	-	-	-
Interest Expenses	11.8%	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	42.00
Income Taxes	-11.3%	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	49.00
Earnings Before Taxes	20.6%	116	97.00	28.00	127	163	122	142	285	285	332	380	264	216	318	128	-112	215	219	215	206	201
EBT Margin	-12.8%	0.19*	0.22*	0.24*	0.30*	0.39*	0.45*	0.57*	0.69*	0.68*	0.65*	0.66*	0.54*	-	-	-	-	-	-	-	-	-
Net Income	32.2%	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	152
Net Income Margin	-12.1%	0.15*	0.17*	0.18*	0.23*	0.29*	0.34*	0.43*	0.52*	0.52*	0.49*	0.50*	0.41*	-	-	-	-	-	-	-	-	-
Free Cashflow	-1.3%	310	314	281	296	286	325	250	374	130	267	341	324	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	2.9%	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	6,237
Cash Equivalents	325.8%	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	329
Net PPE	-1.3%	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	40.00
Liabilities	2.8%	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	4,247
Shareholder's Equity	3.1%	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	1,991
Retained Earnings	3.0%	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	1,836
Additional Paid-In Capital	2.8%	279	271	262	252	246	236	226	212	197	166	151	162	162	160	159	158	158	156	154	152	155
Shares Outstanding	-0.3%	13.00	13.00	13.00	13.00	13.00	13.00	13.00	14.00	16.00	17.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-0.7%	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	202,900
Share Based Compensation	8.6%	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	2,500
Cashflow From Investing	4.2%	-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	-227,900
Cashflow From Financing	-8.7%	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	-189,000
Buy Backs	-57.6%	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	127,100

CACC Income Statement

2023-12-31

Consolidated Statements Of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements Of Income - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues [Abstract]
Finance Charges Revenue	$ 1,755.4	$ 1,686.3	$ 1,742.6
Premiums earned	79.6	62.7	60.3
Other Income	66.9	83.4	53.1
Total revenue	1,901.9	1,832.4	1,856.0
Costs and expenses [Abstract]
Salaries and wages	280.2	262.0	218.1
General and administrative	87.2	88.7	100.3
Sales and marketing	91.7	75.6	65.3
Operating Expenses	459.1	426.3	383.7
Provision for credit losses	736.2	481.4	8.4
Interest	266.5	166.6	164.2
Provision for claims	70.7	46.4	38.8
Loss on extinguishment of debt	1.8	0.0	0.0
Total costs and expenses	1,534.3	1,120.7	595.1
Income before provision for income taxes	367.6	711.7	1,260.9
Provision for income taxes	81.5	175.9	302.6
Net income	$ 286.1	$ 535.8	$ 958.3
Net income per share [Abstract]
Basic	$ 22.09	$ 39.50	$ 59.57
Diluted	$ 21.99	$ 39.32	$ 59.52
Weighted average Shares Outstanding [Abstract]
Basic	12,953,424	13,563,885	16,085,823
Diluted	13,010,735	13,625,081	16,100,552

CACC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Millions

Dec. 31, 2023

Dec. 31, 2022

ASSETS:

Cash and cash equivalents

$ 13.2

$ 7.7

Restricted cash and cash equivalents

457.7

410.0

Debt Securities, Available-for-sale, Restricted

^[1]

93.2

72.3

Loans receivable (including $1.4 from affiliates as of December 31, 2016)

^[2],[3]

10,020.1

9,165.5

Allowance for credit losses

(3,064.8)

(2,867.8)

Loans receivable, net

6,955.3

6,297.7

Property and equipment, net

46.5

51.4

Income taxes receivable

4.3

8.7

Other assets

40.0

56.9

Total Assets

7,610.2

6,904.7

Liabilities:

Accounts payable and accrued liabilities

318.8

260.8

Revolving secured line of credit

79.2

30.9

Secured financing

3,990.9

3,756.4

Senior notes

989.0

794.5

Other Borrowings

^[4]

8.4

8.9

Deferred income taxes, net

389.2

426.7

Income taxes payable

81.0

2.5

Total Liabilities

5,856.5

5,280.7

Shareholders' Equity:

Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued

0.0

Common stock, $0.01 par value, 80,000,000 shares authorized, 12,522,397 and 12,756,885 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively

0.1

Paid-in capital

279.0

245.7

Retained earnings

1,475.6

1,381.1

Accumulated other comprehensive loss

(1.0)

(2.9)

Total Shareholders' Equity

1,753.7

1,624.0

Total Liabilities and Shareholders' Equity

$ 7,610.2

$ 6,904.7

Preferred stock, par value

$ 0.01

Preferred stock, shares authorized

1,000,000

Preferred stock, shares issued

Common stock, par value

$ 0.01

Common stock, shares authorized

80,000,000

Common stock, shares issued

12,522,397

12,756,885

Common stock, shares outstanding

12,522,397

12,756,885

[1]	Measured at fair value on a recurring basis.
[2]	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.
[3]	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.
[4]	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 Thu Apr 25 2024, market cap of Credit Acceptance Corp is 6.34 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 Thu Apr 25 2024, CACC's PE ratio (Price to Earnings) is 22.16 and Price to Sales (PS) ratio is 3.33. 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 0.138 (multiply by 100 for percentage) rate of return.