Credit Acceptance (CACC) Expected to Announce Quarterly Earnings on Tuesday

Credit Acceptance (NASDAQ:CACC) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $10.31 per share and revenue of $570.25 million for the quarter.

Credit Acceptance (NASDAQ:CACC) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $10.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.70 by $2.47. Credit Acceptance had a return on equity of 29.01% and a net margin of 11.46%. On average, analysts expect Credit Acceptance to post $53 EPS for the current fiscal year and $60 EPS for the next fiscal year.

Credit Acceptance Stock Performance

Shares of CACC stock opened at $443.32 on Tuesday. The stock has a market capitalization of $5.33 billion, a PE ratio of 22.32 and a beta of 1.27. The business’s 50 day simple moving average is $491.98 and its 200 day simple moving average is $480.81. The company has a debt-to-equity ratio of 3.63, a current ratio of 20.33 and a quick ratio of 20.33. Credit Acceptance has a one year low of $409.22 and a one year high of $614.96.

Insider Buying and Selling

In other Credit Acceptance news, insider Douglas W. Busk sold 3,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $515.97, for a total transaction of $1,547,910.00. Following the transaction, the insider now directly owns 3,112 shares in the company, valued at approximately $1,605,698.64. This represents a 49.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas J. Elliott sold 300 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $502.00, for a total transaction of $150,600.00. Following the completion of the sale, the insider now owns 19,385 shares of the company’s stock, valued at $9,731,270. The trade was a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Stephens upped their price objective on shares of Credit Acceptance from $452.00 to $500.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. StockNews.com upgraded shares of Credit Acceptance from a “hold” rating to a “buy” rating in a report on Friday, January 31st.

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.