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CACC

474.19USD-0.24(-0.05%)Delayed

Credit Acceptance Corp

Market Summary

USD474.19-0.24Delayed
-0.05%

CACC Alerts

CACC Stock Price

RSI Chart

Valuation

Market Cap

6.1B

Price/Earnings

7.72

Price/Sales

3.3

Price/Cashflow

5.93

MarketCap/EBT

5.84

Price/Sales

Profitability

EBT Margin

56.52%

Return on Equity

51.92%

Return on Assets

11.31%

Fundamentals

Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

-2.08%

Revenue Q/Q

0.63%

Earnings

Earnings (TTM)

626.1M

Earnings Y/Y

-65.28%

Earnings Q/Q

-19.18%

Price Action

52 Week Range

397.58699.08
(Low)(High)

Last 7 days

-0.8%

Last 30 days

8.4%

Last 90 days

-9.0%

Trailing 12 Months

-26.3%

Financial Health

Investor Care

Buy Backs (1Y)

11.11%

Diluted EPS (TTM)

44.16

Peers (Alternatives to Credit Acceptance)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
112.4B
41.6B
9.23% 1.28%
14.67
2.7
29.77% -1.52%
41.1B
28.9B
-4.79% -30.44%
4.13
1.51
14.14% -31.75%
28.9B
11.8B
4.91% -2.23%
6.52
2.46
10.13% -14.57%
MID-CAP
8.7B
9.2B
-2.03% -42.81%
3.49
0.95
8.32% -12.52%
6.1B
1.8B
8.43% -26.27%
7.72
3.3
-0.20% -30.97%
4.7B
4.4B
5.46% -16.46%
4.88
1.06
2.14% -31.84%
4.5B
2.5B
-1.17% 50.22%
25.3
2.03
56.13% 58.11%
4.4B
1.9B
5.91% -6.24%
5.17
2.3
6.03% -38.64%
3.4B
1.3B
12.14% 11.10%
7.4
2.84
1.58% 2.76%
SMALL-CAP
1.2B
1.6B
6.00% 3.46%
5.7
0.72
45.60% -53.19%
486.1M
623.7M
-2.92% -65.50%
16.57
0.8
14.50% -82.26%
426.3M
995.1M
7.13% -53.49%
2.42
0.46
47.76% 4.52%
320.5M
494.7M
3.19% -44.67%
3.92
0.68
21.74% -15.37%
318.5M
1.0B
10.92% -77.36%
12.95
0.29
-2.01% -1102.19%

Financials for Credit Acceptance

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-0.5%1,8371,8461,8611,8561,840
  S&GA Expenses4.8%7571676564
Earnings Before Taxes-20.1%8331,0441,2811,2611,192
Net Income-20.7%626789971958907
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-1.2%6,8926,9797,0387,0517,199
    Cash Equivalents161.0%114182313
  Net PPE-2.4%5254575758
Liabilities-2.8%5,3035,4585,4105,2275,245
Shareholder's Equity4.5%1,5891,5201,6291,8241,954
  Retained Earnings4.7%1,3571,2961,4191,6271,787
  Additional Paid-In Capital6.8%226212197166-
Shares Outstanding-0.4%1313131415
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations5.5%1,0831,0271,1201,0691,141
  Share Based Compensation-12.3%465333257
Cashflow From Investing-146.5%-116.00249531437199
Cashflow From Financing40.6%-1,013.90-1,705.90-1,737.20-1,468.70-1,297.70
  Buy Backs-39.1%1,0571,7351,7601,4721,268

Risks

What is the probability of a big loss on CACC?

47.3%


Probability that Credit Acceptance stock will be more than 20% underwater in next one year

43.9%


Probability that Credit Acceptance stock will be more than 30% underwater in next one year.

27.7%


Probability that Credit Acceptance stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CACC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Credit Acceptance was unfortunately bought at previous high price.

Returns

Cumulative Returns on CACC

17.9%


10-Year Cumulative Returns

10.5%


7-Year Cumulative Returns

9.3%


5-Year Cumulative Returns

3.0%


3-Year Cumulative Returns

What are the long-term rolling returns for CACC?

FIve years rolling returns for Credit Acceptance.

Which funds bought or sold CACC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
6,874,000
6,874,000
0.08%
2022-11-22
Capital Impact Advisors, LLC
REDUCED
-8.47
-45,000
380,000
0.38%
2022-11-21
FourThought Financial, LLC
UNCHANGED
-
-1,000
11,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
REDUCED
-54.39
-331,000
241,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-13.43
-906,000
3,643,000
0.01%
2022-11-17
M&T Bank Corp
REDUCED
-42.37
-415,000
475,000
-%
2022-11-17
CENTRAL TRUST Co
SOLD OFF
-100
-7,000
-
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
REDUCED
-3.98
-43,000
349,000
-%
2022-11-15
STATE STREET CORP
REDUCED
-4.64
-6,824,000
51,128,000
-%
2022-11-15
Ascent Group, LLC
ADDED
93.91
129,000
356,000
0.04%

1–10 of 43

Latest Funds Activity

Are funds buying CACC calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own CACC

Credit Acceptance News

ETF Daily News

Franklin Resources Inc. Boosts Holdings in Credit Acceptance Co. (NASDAQ:CACC).5 hours ago

CACC Fair Value

Recent SEC filings of Credit Acceptance

View All Filings
Date Filed Form Type Document
Nov 18, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 14, 2022
4
Insider Trading
Nov 09, 2022
4
Insider Trading
Nov 09, 2022
8-K
Current Report
Nov 02, 2022
4
Insider Trading
Nov 02, 2022
3
Insider Trading
Nov 01, 2022
8-K
Current Report
Nov 01, 2022
10-Q
Quarterly Report
Oct 14, 2022
8-K
Current Report

Latest Insider Trading transactions for CACC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-16
VASSALLUZZO SCOTT J
SOLD
-5,805,260
483.772
-12,000
-
2022-11-14
SMITH THOMAS W
SOLD
-10,114,900
505.745
-20,000
-
2022-11-10
SMITH THOMAS W
SOLD
-19,301,500
482.536
-40,000
-
2022-11-08
Prescott General Partners LLC
SOLD
-12,221,600
446.336
-27,382
-
2022-11-08
Prescott General Partners LLC
SOLD
-692,267
446.336
-1,551
-
2022-11-08
Prescott General Partners LLC
SOLD
-505,252
446.336
-1,132
-
2022-11-08
Prescott General Partners LLC
SOLD
-6,205,860
446.336
-13,904
-
2022-11-07
Prescott General Partners LLC
SOLD
-4,331,630
441.462
-9,812
-
2022-11-07
Prescott General Partners LLC
SOLD
-483,401
441.462
-1,095
-
2022-11-07
Prescott General Partners LLC
SOLD
-8,531,260
441.462
-19,325
-

1–10 of 50

Kenneth S. Booth
2070
Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts 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 founded in 1972 and is headquartered in Southfield, Michigan.

CACC Income Statement

2022-09-30
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:    
Finance charges$ 420.6$ 442.1$ 1,270.3$ 1,312.4
Premiums earned16.415.445.645.6
Other income23.312.657.534.8
Total revenue460.3470.11,373.41,392.8
Costs and expenses:    
Salaries and wages66.963.2196.7150.9
General and administrative16.616.967.879.9
Sales and marketing19.716.357.948.4
Provision for credit losses180.3(8.3)351.1(17.5)
Interest41.839.8117.2125.6
Provision for claims12.910.034.029.3
Total costs and expenses338.2137.9824.7416.6
Income before provision for income taxes122.1332.2548.7976.2
Provision for income taxes35.382.2140.2235.5
Net income$ 86.8$ 250.0$ 408.5$ 740.7
Net income per share:    
Basic (in usd per share)$ 6.53$ 15.83$ 29.90$ 44.77
Diluted (in usd per share)$ 6.49$ 15.79$ 29.74$ 44.73
Weighted average shares outstanding:    
Basic (in shares)13,293,22415,795,96313,662,17816,543,326
Diluted (in shares)13,364,16015,829,16613,737,87116,559,639

CACC Balance Sheet

2022-09-30
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
ASSETS:  
Cash and cash equivalents$ 10.7$ 23.3
Restricted cash and cash equivalents384.7410.9
Debt Securities, Available-for-sale, Restricted68.062.1
Loans receivable[1],[2]9,186.49,349.8
Allowance for credit losses(2,874.8)(3,013.5)
Loans receivable, net6,311.66,336.3
Property and equipment, net52.457.3
Income taxes receivable29.0109.2
Other assets36.051.8
Total Assets6,892.47,050.9
Liabilities:  
Accounts payable and accrued liabilities239.0175.0
Revolving secured line of credit188.92.6
Secured financing3,634.13,811.5
Senior notes793.9792.5
Mortgage note[3]9.09.7
Deferred income taxes, net438.1435.2
Income taxes payable0.20.2
Total Liabilities5,303.25,226.7
Commitments and Contingencies - See Note 15
Shareholders' Equity:  
Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued0.00.0
Common stock, $.01 par value, 80,000,000 shares authorized, 12,924,711 and 14,145,888 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively0.10.1
Paid-in capital235.8197.2
Retained earnings1,356.71,626.7
Accumulated other comprehensive income (loss)(3.4)0.2
Total Shareholders' Equity1,589.21,824.2
Total Liabilities and Shareholders' Equity$ 6,892.4$ 7,050.9
Preferred stock, par value (in usd per share)$ 0.01 
Preferred stock, shares authorized1,000,000 
Preferred stock, shares issued0 
Common stock, par value (in usd per share)$ 0.01$ 0.01
Common stock, shares authorized80,000,00080,000,000
Common stock, shares issued12,924,71114,145,888
Balance, shares12,924,71114,145,888
[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.