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Credit Acceptance Corp Stock Research

CACC

445.47USD+11.21(+2.58%)Delayed

Market Summary

USD445.47+11.21
Delayed
2.58%

CACC Alerts

CACC Stock Price

CACC RSI Chart

CACC Valuation

Market Cap

5.7B

Price/Earnings (Trailing)

13.58

Price/Sales (Trailing)

3.12

EV/EBITDA

7

Price/Free Cashflow

4.94

CACC Price/Sales (Trailing)

CACC Profitability

EBT Margin

38.84%

Return on Equity

32.99%

Return on Assets

7.76%

Free Cashflow Yield

20.23%

CACC Fundamentals

CACC Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

-0.42%

Revenue Q/Q

-1.13%

CACC Earnings

Earnings (TTM)

421.0M

Earnings Y/Y

-53.57%

Earnings Q/Q

-21.84%

Price Action

52 Week Range

358.00617.44
(Low)(High)

Last 7 days

2.4%

Last 30 days

-6.0%

Last 90 days

-1.0%

Trailing 12 Months

-23.4%

CACC Financial Health

CACC Investor Care

Buy Backs (1Y)

3.94%

Diluted EPS (TTM)

31.62

Peers (Alternatives to Credit Acceptance)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
116.8B
44.7B
0.98% -4.20%
16.16
2.61
21.11% -8.75%
39.3B
34.2B
8.93% -16.37%
12.7
1.15
30.10% -55.86%
27.5B
14.2B
1.17% -6.03%
6.66
1.94
32.25% -19.07%
MID-CAP
8.0B
11.6B
4.22% -35.07%
5.81
0.69
30.73% -52.79%
5.7B
1.8B
-6.01% -23.38%
13.58
3.12
-1.62% -56.62%
4.6B
4.4B
-0.96% -6.68%
6.06
1.03
1.07% -37.21%
4.5B
2.8B
1.77% 36.78%
16.46
1.59
45.16% 128.93%
3.9B
2.2B
9.21% -15.96%
8.57
1.75
22.06% -30.04%
3.4B
1.1B
-0.46% 11.31%
8.44
2.76
-3.12% -45.83%
SMALL-CAP
1.5B
1.8B
12.31% 52.26%
7.12
0.8
37.43% -11.56%
687.8M
621.6M
14.33% -22.72%
49.23
1.11
10.55% -82.63%
519.4M
1.1B
31.53% -4.41%
4.45
0.48
29.40% -34.69%
243.6M
902.3M
-14.96% -66.98%
-1.49
0.27
-18.63% -517.10%
241.0M
507.2M
-2.54% -44.97%
4.71
0.48
18.40% -42.24%

Financials for Credit Acceptance

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-0.1%1,8311,8321,8371,8461,861
  S&GA Expenses3.8%79.0076.0075.0071.0067.00
Costs and Expenses13.9%1,2771,1211,003803580
EBITDA-11.1%8879991,2071,448-
EBITDA Margin-10.9%0.48*0.54*0.65*0.78*-
Earnings Before Taxes-22.2%5547128331,0441,281
EBT Margin-14.4%0.39*0.45*0.57*0.69*-
Interest Expenses10.7%185167156154157
Net Income-21.4%421536626789971
Net Income Margin-14.2%0.29*0.34*0.43*0.52*-
Free Cahsflow14.4%1,2361,0801,0211,112-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets3.6%7,1556,9056,8926,9797,038
    Cash Equivalents6239.0%4888.0011.004.0018.00
  Net PPE-2.5%50.0051.0052.0054.0057.00
Liabilities2.9%5,4325,2815,3035,4585,410
Shareholder's Equity6.1%1,7231,6241,5891,5201,629
  Retained Earnings6.7%1,4731,3811,3571,2961,419
  Additional Paid-In Capital2.6%252246236226212
Shares Outstanding0.6%13.0013.0013.0013.0013.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-6.4%1,1591,2391,0831,0271,120
  Share Based Compensation2.2%37.0037.0046.0053.0033.00
Cashflow From Investing-70.7%-786-460-116249531
Cashflow From Financing51.7%-383-794-1,013-1,705-1,737
  Buy Backs-52.0%3767851,0571,7351,760

Risks for CACC

What is the probability of a big loss on CACC?

56.9%


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

53.5%


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.

Drawdowns

Returns for CACC

Cumulative Returns on CACC

14.6%


10-Year Cumulative Returns

13.3%


7-Year Cumulative Returns

4.3%


5-Year Cumulative Returns

8.1%


3-Year Cumulative Returns

What are the long-term rolling returns for CACC?

FIve years rolling returns for Credit Acceptance.

Annualized Returns

Which funds bought or sold CACC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Capital Impact Advisors, LLC
reduced
-83.92
-331,925
57,557
0.07%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-3.33
-144,726
1,150,270
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-35.99
-2,202,000
3,147,000
-%
2023-05-18
JPMORGAN CHASE & CO
added
106
2,201,870
4,644,870
-%
2023-05-17
Advisory Services Network, LLC
sold off
-100
-474
-
-%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
sold off
-100
-613,200
-
-%
2023-05-16
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
unchanged
-
-154
1,744
-%
2023-05-16
SUSQUEHANNA INTERNATIONAL GROUP, LLP
added
1,138
6,515,140
7,142,770
-%
2023-05-16
Rockefeller Capital Management L.P.
sold off
-100
-9,000
-
-%
2023-05-16
JANE STREET GROUP, LLC
added
651
2,478,120
2,897,490
-%

1–10 of 40

Latest Funds Activity

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

Credit Acceptance News

BNN Bloomberg
Jason Del Vicario's Top Picks: May 26, 2023.
BNN Bloomberg,
24 hours ago
Simply Wall St
Stockhouse Publishing
Seeking Alpha
Zacks Investment Research

Schedule 13G FIlings of Credit Acceptance

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Sep 26, 2022
neary john p
11.24%
1,452,797
SC 13G
Sep 16, 2022
donald a. foss 2009 annuity trust
7.2%
931,323
SC 13D
May 09, 2022
prescott general partners llc
12.6%
1,657,373
SC 13D/A
Feb 15, 2022
principal global investors
2.15%
312,781
SC 13G/A
Feb 14, 2022
ruane, cunniff & goldfarb l.p.
6.15%
893,551
SC 13G/A
Feb 14, 2022
donald a. foss 2009 annuity trust
6.6%
931,323
SC 13G/A
Feb 14, 2022
foss donald a
10.3%
1,452,797
SC 13G/A

CACC Fair Value

Recent SEC filings of Credit Acceptance

View All Filings
Date Filed Form Type Document
May 05, 2023
ABS-15G
ABS-15G
May 04, 2023
8-K
Current Report
May 01, 2023
8-K
Current Report
May 01, 2023
10-Q
Quarterly Report
Apr 24, 2023
4
Insider Trading
Apr 21, 2023
DEFA14A
DEFA14A
Apr 21, 2023
DEF 14A
DEF 14A
Apr 21, 2023
ARS
ARS
Apr 20, 2023
4
Insider Trading
Apr 20, 2023
144
Notice of Insider Sale Intent

Latest Insider Trading transactions for CACC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-20
Rostami Andrew K
sold
-230,500
500
-461
chief mktg and product officer
2023-04-18
Rostami Andrew K
sold (taxes)
-205,233
484
-424
chief mktg and product officer
2023-03-03
SMITH THOMAS W
sold
-225,059
450
-500
-
2023-02-02
Rummler Wendy A
acquired
333,940
333
1,000
chief people officer
2023-02-02
Rummler Wendy A
sold
-555,040
555
-1,000
chief people officer
2023-01-30
BUSK DOUGLAS W
sold (taxes)
-1,041,550
448
-2,321
chief treasury officer
2023-01-30
SMITH ARTHUR L
sold (taxes)
-1,351,640
448
-3,012
chief analytics officer
2023-01-30
KERBER ERIN J
sold (taxes)
-363,936
448
-811
chief legal officer
2023-01-30
LUM JONATHAN
sold (taxes)
-627,801
448
-1,399
chief operating officer
2023-01-30
Flanagan Glenda J
acquired
-
-
300
-

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

2023-03-31
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:  
Finance charges$ 421.1$ 424.1
Premiums earned17.413.8
Other income15.317.8
Total revenue453.8455.7
Costs and expenses:  
Salaries and wages77.264.4
General and administrative18.018.9
Sales and marketing22.119.2
Operating Expenses117.3102.5
Total provision for credit losses137.423.3
Interest54.436.5
Provision for claims17.98.9
Total costs and expenses327.0171.2
Income before provision for income taxes126.8284.5
Provision for income taxes27.370.2
Net income$ 99.5$ 214.3
Net income per share:  
Basic (in usd per share)$ 7.62$ 15.02
Diluted (in usd per share)$ 7.61$ 14.94
Weighted average shares outstanding:  
Basic (in shares)13,057,61714,268,518
Diluted (in shares)13,073,31614,341,523

CACC Balance Sheet

2023-03-31
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS:  
Cash and cash equivalents$ 8.1$ 7.7
Restricted cash and cash equivalents480.0410.0
Debt Securities, Available-for-sale, Restricted76.472.3
Loans receivable[1],[2]9,384.39,165.5
Allowance for credit losses(2,884.0)(2,867.8)
Loans receivable, net6,500.36,297.7
Property and equipment, net50.151.4
Income taxes receivable11.08.7
Other assets29.056.9
Total Assets7,154.96,904.7
Liabilities:  
Accounts payable and accrued liabilities257.3260.8
Revolving secured line of credit145.130.9
Secured financing3,771.83,756.4
Senior notes795.0794.5
Mortgage note[3]8.88.9
Deferred income taxes, net451.2426.7
Income taxes payable2.32.5
Total Liabilities5,431.55,280.7
Commitments and Contingencies - See Note 15
Shareholders' Equity:  
Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued0.00.0
Common stock, $.01 par value, 80,000,000 shares authorized, 12,836,907 and 12,756,885 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively0.10.1
Paid-in capital252.1245.7
Retained earnings1,473.31,381.1
Accumulated other comprehensive loss(2.1)(2.9)
Total Shareholders' Equity1,723.41,624.0
Total Liabilities and Shareholders' Equity$ 7,154.9$ 6,904.7
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 issued12,836,90712,756,885
Balance, shares12,836,90712,756,885
[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.