Credit Acceptance Corporation (CACC) EPS Estimated At $7.03

October 2, 2018 - By Peter Erickson

Investors sentiment increased to 1.13 in Q2 2018. Its up 0.27, from 0.86 in 2018Q1. It improved, as 20 investors sold Credit Acceptance Corporation shares while 52 reduced holdings. 29 funds opened positions while 52 raised stakes. 11.27 million shares or 3.46% less from 11.67 million shares in 2018Q1 were reported.
Jane Street Limited Liability Company has invested 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Mariner Limited Liability Corp invested in 2,547 shares or 0.03% of the stock. Bridgeway Capital Management Incorporated reported 8,360 shares. Beck Mack & Oliver Ltd Liability Co reported 3.4% stake. Boothbay Fund Management Limited Liability reported 0.09% stake. Jpmorgan Chase & Communication, New York-based fund reported 153,816 shares. Principal Grp reported 1,879 shares. Blackrock accumulated 509,990 shares. Cibc Asset Mngmt Inc owns 698 shares. Pennsylvania-based Vanguard Inc has invested 0.02% in Credit Acceptance Corporation (NASDAQ:CACC). The Massachusetts-based Account Management Limited Com has invested 5.26% in Credit Acceptance Corporation (NASDAQ:CACC). Panagora Asset has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC). Moreover, Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv has 5.88% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 110,000 shares. 841 are held by Metropolitan Life Insurance Communications New York. Alps Advsr Incorporated owns 1,754 shares for 0% of their portfolio.

Since June 20, 2018, it had 0 buys, and 4 selling transactions for $18.67 million activity. On Thursday, August 23 Prescott General Partners LLC sold $16.73M worth of Credit Acceptance Corporation (NASDAQ:CACC) or 36,900 shares. Another trade for 730 shares valued at $270,100 was sold by BUSK DOUGLAS W. The insider SMITH ARTHUR L sold $921,960.

Analysts expect Credit Acceptance Corporation (NASDAQ:CACC) to report $7.03 EPS on October, 29.They anticipate $1.60 EPS change or 29.47 % from last quarter’s $5.43 EPS. CACC’s profit would be $136.44 million giving it 15.40 P/E if the $7.03 EPS is correct. After having $6.95 EPS previously, Credit Acceptance Corporation’s analysts see 1.15 % EPS growth. The stock decreased 1.12% or $4.91 during the last trading session, reaching $433.16. About 90,785 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 66.34% since October 2, 2017 and is uptrending. It has outperformed by 50.72% the S&P500.

Credit Acceptance Corporation (NASDAQ:CACC) Ratings Coverage

Among 5 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Credit Acceptance Corp has $371 highest and $312 lowest target. $349.50’s average target is -19.31% below currents $433.16 stock price. Credit Acceptance Corp had 5 analyst reports since April 12, 2018 according to SRatingsIntel. The rating was maintained by JMP Securities on Thursday, August 2 with “Market Underperform”. The firm earned “Buy” rating on Thursday, April 12 by Oppenheimer. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has “Neutral” rating given on Wednesday, August 1 by Susquehanna. BMO Capital Markets maintained the shares of CACC in report on Thursday, August 2 with “Market Perform” rating. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Neutral” rating by Compass Point on Wednesday, August 1.

Credit Acceptance Corporation provides financing programs, and related services and products to automobile dealers in the United States. The company has market cap of $8.41 billion. It 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 has a 15.38 P/E ratio. The firm also engages in the business of reinsuring coverage under vehicle service contracts sold to clients by dealers on vehicles financed by the company.

Another recent and important Credit Acceptance Corporation (NASDAQ:CACC) news was published by Fool.com which published an article titled: “These Three Financials Companies Are Crushing the Competition. What’s Their Secret?” on September 21, 2018.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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