Jill Foss Watson Sells 47,303 Shares of Credit Acceptance Corporation (NASDAQ:CACC) Stock

Credit Acceptance Corporation (NASDAQ:CACC) major shareholder Jill Foss Watson sold 47,303 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $270.75, for a total transaction of $12,807,287.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Jill Foss Watson also recently made the following trade(s):

  • On Friday, August 4th, Jill Foss Watson sold 29,956 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $270.81, for a total transaction of $8,112,384.36.
  • On Wednesday, August 2nd, Jill Foss Watson sold 35,348 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $275.69, for a total transaction of $9,745,090.12.
  • On Tuesday, August 1st, Jill Foss Watson sold 35,751 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $270.82, for a total transaction of $9,682,085.82.
  • On Thursday, June 8th, Jill Foss Watson sold 4,947 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $225.63, for a total transaction of $1,116,191.61.
  • On Tuesday, June 6th, Jill Foss Watson sold 19,433 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $221.99, for a total transaction of $4,313,931.67.
  • On Wednesday, June 7th, Jill Foss Watson sold 19,424 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $225.80, for a total transaction of $4,385,939.20.
  • On Monday, June 5th, Jill Foss Watson sold 21,017 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $221.99, for a total transaction of $4,665,563.83.
  • On Friday, June 2nd, Jill Foss Watson sold 10,112 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $219.61, for a total transaction of $2,220,696.32.
  • On Thursday, June 1st, Jill Foss Watson sold 26,051 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $217.84, for a total transaction of $5,674,949.84.
  • On Thursday, May 25th, Jill Foss Watson sold 16,675 shares of Credit Acceptance Corporation stock. The shares were sold at an average price of $219.42, for a total transaction of $3,658,828.50.

Credit Acceptance Corporation (CACC) traded down 0.13% during trading on Friday, reaching $261.83. 258,892 shares of the company were exchanged. Credit Acceptance Corporation has a 12 month low of $160.63 and a 12 month high of $281.67. The firm has a market capitalization of $5.09 billion, a PE ratio of 14.31 and a beta of 0.51. The stock has a 50 day moving average price of $257.10 and a 200 day moving average price of $221.97.

Credit Acceptance Corporation (NASDAQ:CACC) last released its earnings results on Monday, July 31st. The credit services provider reported $5.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.89 by $0.33. Credit Acceptance Corporation had a net margin of 35.13% and a return on equity of 32.24%. The business had revenue of $253.20 million for the quarter, compared to analysts’ expectations of $268.18 million. During the same period last year, the company earned $4.38 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts expect that Credit Acceptance Corporation will post $19.90 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in CACC. Public Employees Retirement System of Ohio boosted its stake in Credit Acceptance Corporation by 30.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,303 shares of the credit services provider’s stock valued at $1,364,000 after buying an additional 1,225 shares in the last quarter. Koch Industries Inc. bought a new stake in Credit Acceptance Corporation during the second quarter valued at about $240,000. California State Teachers Retirement System boosted its stake in Credit Acceptance Corporation by 21.9% in the second quarter. California State Teachers Retirement System now owns 20,037 shares of the credit services provider’s stock valued at $5,153,000 after buying an additional 3,605 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Credit Acceptance Corporation by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 619 shares of the credit services provider’s stock valued at $159,000 after buying an additional 40 shares in the last quarter. Finally, Makaira Partners LLC boosted its stake in Credit Acceptance Corporation by 11.3% in the second quarter. Makaira Partners LLC now owns 22,252 shares of the credit services provider’s stock valued at $5,722,000 after buying an additional 2,252 shares in the last quarter. 72.98% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Credit Acceptance Corporation from a “hold” rating to a “buy” rating and set a $310.00 target price on the stock in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $240.00 target price (up previously from $215.00) on shares of Credit Acceptance Corporation in a research report on Tuesday, August 1st. BidaskClub lowered shares of Credit Acceptance Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. JMP Securities reiterated an “underperform” rating and issued a $195.00 target price (up previously from $180.00) on shares of Credit Acceptance Corporation in a research report on Tuesday, August 1st. Finally, BMO Capital Markets lifted their target price on shares of Credit Acceptance Corporation from $226.00 to $238.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Credit Acceptance Corporation presently has a consensus rating of “Hold” and an average price target of $216.56.

About Credit Acceptance Corporation

Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans.

Insider Buying and Selling by Quarter for Credit Acceptance Corporation (NASDAQ:CACC)

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