Credit Acceptance Corporation (NASDAQ:CACC) Receiving Somewhat Positive Media Coverage, Report Shows

Remigio Civitarese
Settembre 24, 2017

PEARCE CHARLES A sold $863,063 worth of stock or 4,000 shares. SG Americas Securities has an ownership of 618 stocks of the credit services provider's shares valued $159,000 after scooping up an extra 22,463 stocks in the previous period. The company has a market cap of $5.26 billion, a PE ratio of 14.77 and a beta of 0.50. Zacks upgraded the stock to "Sell" rating in Tuesday, September 1 report. The company had a trading volume of 8,248 shares.

Caldwell & Orkin purchased a fresh position in stocks of Credit Acceptance Corporation (NASDAQ:CACC) in the Fiscal Q2, based on the latest document with the Securities & Exchange Commission. It has outperformed by 10.76% the S&P500. Jefferies Group Llc sold 54,400 shares as the company's stock rose 35.38% with the market.

The stock increased 0.88% or $0.06 on September 22, reaching $6.9. About 310 shares traded. AK Steel Holding Corporation (NYSE:AKS) has risen 58.12% since September 19, 2016 and is uptrending. It has outperformed by 79.72% the S&P500. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program.

Soros Fund Management Llc decreased Netflix Inc (Call) (NASDAQ:NFLX) stake by 351,000 shares to 125,000 valued at $15.48 million in 2016Q4. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Therefore 67% are positive. The company was maintained on Monday, January 25 by Barclays Capital. The rating was downgraded by Zacks on Tuesday, August 4 to "Buy". The company was downgraded on Tuesday, March 14 by SunTrust. (NASDAQ:AMKR) earned "Buy" rating by Topeka Capital Markets on Tuesday, July 28.

More notable recent Credit Acceptance Corp. (NASDAQ:CACC) news were published by: Globenewswire.com which released: "Credit Acceptance Announces Timing of Second Quarter 2017 Earnings Release and ..." on July 24, 2017, also Globenewswire.com with their article: "Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing" published on June 29, 2017, Bloomberg.com published: "As Inventor of Subprime Car Loans Exits, Critics Smell a Lemon" on May 04, 2017.

Credit Acceptance Corp. had a return on equity of 33.44% and a net margin of 34.34%.

Since March 31, 2017, it had 0 insider purchases, and 26 selling transactions for $140.07 million activity. Wells Fargo & Mn owns 3,674 shares. JONES STEVEN M sold $13.92M worth of stock.

Blair William & Company, which manages about $13.32B US Long portfolio, upped its stake in Class A by 176,630 shares to 257,161 shares, valued at $4.54M in 2017Q2, according to the filing. It also increased its holding in Xpo Logistics Inc (NYSE:XPO) by 11,430 shares in the quarter, for a total of 71,580 shares, and has risen its stake in Electronics For Imaging (NASDAQ:EFII).

Investors sentiment decreased to 1.3 in Q4 2016. Its down 0.01, from 1.31 in 2017Q1. It worsened, as 20 investors sold CACC shares while 43 reduced holdings. 30 funds opened positions while 41 raised stakes. Vanguard Group Inc holds 930,198 shares or 0.01% of its portfolio.

Among 10 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 0 have Buy rating, 5 Sell and 5 Hold. Piedmont Investment Lc holds 0% or 572 shares in its portfolio. Panagora Asset owns 0% invested in Credit Acceptance Corp. (NASDAQ:CACC). Icon Advisers owns 3,000 shares or 0.04% of their USA portfolio. 65,000 Credit Acceptance Corp. (NASDAQ:CACC) for 1,055 shares. Creative Planning owns 200 shares. Principal Gru Inc owns 2,177 shares. Strategic Global Advisors Limited Liability Co has 0.42% invested in Credit Acceptance Corp. Moreover, Royal Bank & Trust Of Canada has 0% invested in Credit Acceptance Corp. After $5.22 actual EPS reported by Credit Acceptance Corp. for the previous quarter, Wall Street now forecasts -1.34% negative EPS growth.

Among 10 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 0 have Buy rating, 5 Sell and 5 Hold. (NASDAQ:CACC). Florida-based Smith Thomas W has invested 25.13% in Credit Acceptance Corp. (NASDAQ:CACC) to report earnings on November, 7. After $0.06 actual EPS reported by MAM Software Group Inc. for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth. CACC's profit will be $99.47 million for 13.12 P/E if the $5.15 EPS becomes a reality. Susquehanna Bancshares Inc started coverage on Credit Acceptance Corp.in a research report on Monday, January 23rd. BidaskClub lowered shares of Credit Acceptance Corporation from a "strong-buy" rating to a "buy" rating in a research note on Thursday, July 6th. Credit Acceptance Corp had 18 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has "Underperform" rating by Macquarie Research on Wednesday, May 11. BMO Capital Markets lifted the price objective on stocks of Credit Acceptance Corporation from $226.00 to $238.00 and issued the company a "market perform" recommendation in a analysis report on Tue, Aug 1st. The firm has "Market Perform" rating given on Wednesday, August 26 by JMP Securities. As per Tuesday, September 6, the company rating was downgraded by Compass Point. The stock of Credit Acceptance Corp. (NASDAQ:CACC) rating on Thursday, September 7. Jefferies restated a "hold" recommendation and fixed a $215.00 price objective on the stock of Credit Acceptance Corporation in a study report published on Fri, Jul 14th. (NASDAQ:CACC) has "Sell" rating given on Tuesday, August 1 by Credit Suisse.

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