News stories about Credit Acceptance (NASDAQ:CACC) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Credit Acceptance earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 46.2198397955369 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Credit Acceptance (NASDAQ CACC) traded down $0.26 during mid-day trading on Friday, reaching $321.91. 112,736 shares of the company’s stock were exchanged, compared to its average volume of 242,195. Credit Acceptance has a twelve month low of $182.50 and a twelve month high of $377.82. The stock has a market capitalization of $6,216.08, a PE ratio of 13.36, a P/E/G ratio of 0.69 and a beta of 0.57. The company has a current ratio of 24.00, a quick ratio of 17.63 and a debt-to-equity ratio of 1.99.
Credit Acceptance (NASDAQ:CACC) last announced its earnings results on Tuesday, January 30th. The credit services provider reported $5.16 EPS for the quarter, missing the Zacks’ consensus estimate of $5.53 by ($0.37). Credit Acceptance had a net margin of 42.36% and a return on equity of 30.18%. The business had revenue of $287.30 million for the quarter, compared to analysts’ expectations of $287.37 million. During the same period in the prior year, the company posted $4.79 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. sell-side analysts predict that Credit Acceptance will post 26.03 earnings per share for the current year.
In other Credit Acceptance news, major shareholder Jill Foss Watson sold 31,463 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $335.06, for a total transaction of $10,541,992.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas W. Busk sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $319.86, for a total transaction of $319,860.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,925 shares of company stock valued at $38,221,579. 5.80% of the stock is owned by corporate insiders.
About Credit Acceptance
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.
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