Daniel Ulatowski Sells 1,505 Shares of Credit Acceptance (NASDAQ:CACC) Stock

Credit Acceptance Corporation (NASDAQ:CACC) insider Daniel Ulatowski sold 1,505 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $507.26, for a total value of $763,426.30. Following the completion of the transaction, the insider owned 28,290 shares of the company’s stock, valued at $14,350,385.40. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Credit Acceptance Stock Down 2.2%

Shares of NASDAQ:CACC opened at $510.27 on Thursday. The company has a market capitalization of $5.74 billion, a PE ratio of 14.71 and a beta of 1.13. The company has a debt-to-equity ratio of 4.16, a current ratio of 22.03 and a quick ratio of 22.03. The business has a fifty day moving average price of $500.50 and a two-hundred day moving average price of $494.55. Credit Acceptance Corporation has a 1 year low of $409.22 and a 1 year high of $560.00.

Credit Acceptance (NASDAQ:CACC) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $8.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.84 by ($1.28). The business had revenue of $583.80 million during the quarter, compared to the consensus estimate of $583.30 million. Credit Acceptance had a net margin of 18.69% and a return on equity of 27.06%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $10.29 EPS. Analysts forecast that Credit Acceptance Corporation will post 53.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Beck Mack & Oliver LLC lifted its position in shares of Credit Acceptance by 1.0% during the 1st quarter. Beck Mack & Oliver LLC now owns 394,972 shares of the credit services provider’s stock valued at $203,944,000 after buying an additional 3,734 shares during the last quarter. Smead Capital Management Inc. lifted its position in shares of Credit Acceptance by 17.0% during the 2nd quarter. Smead Capital Management Inc. now owns 216,811 shares of the credit services provider’s stock valued at $110,450,000 after buying an additional 31,438 shares during the last quarter. Alfreton Capital LLP lifted its position in shares of Credit Acceptance by 11.8% during the 1st quarter. Alfreton Capital LLP now owns 190,000 shares of the credit services provider’s stock valued at $98,106,000 after buying an additional 20,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Credit Acceptance by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 183,203 shares of the credit services provider’s stock valued at $86,004,000 after buying an additional 1,318 shares during the last quarter. Finally, London Co. of Virginia purchased a new position in shares of Credit Acceptance during the 4th quarter valued at $48,148,000. Hedge funds and other institutional investors own 81.71% 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.