Credit Acceptance Corporation (NASDAQ:CACC) Ratings Summary on Jun 29, 2018

June 29, 2018 - By Joshua Cleveland

During Q1 2018 the big money sentiment decreased to 0.86. That’s change of 0.18, from 2017Q4’s 1.04. 32 investors sold all, 55 reduced holdings as Credit Acceptance Corporation ratio is negative. 46 grew positions while 29 funds amassed positions. Funds hold 11.67 million shares thus 9.12% less from 2017Q4’s 12.84 million shares.
Goldman Sachs Gru invested 0.02% of its capital in Credit Acceptance Corporation (NASDAQ:CACC). Guggenheim Cap Ltd Limited Liability Company reported 953 shs. 11,727 were accumulated by Credit Suisse Ag. 1,036 were accumulated by Usa Fincl Portformulas. Qs Ltd Company accumulated 2 shs. Janney Montgomery Scott Limited Liability Co reported 1,995 shs. Mackay Shields Ltd Com owns 10,694 shs for 0.02% of their capital. Vulcan Value Ptnrs Ltd Company accumulated 111,725 shs or 0.3% of the stock. Arrowstreet L P has invested 0.02% in Credit Acceptance Corporation (NASDAQ:CACC). Mackenzie invested in 0.01% or 13,809 shs. Tuttle Tactical Mngmt accumulated 3,972 shs. Ameriprise Financial stated it has 112,773 shs. 30 were accumulated by Parallax Volatility Advisers Lp. The New York-based Sg Americas Lc has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Alphamark Advsr Limited Company accumulated 2,993 shs.

Credit Acceptance Corporation had 5 insider sales and 0 buys since February 5, 2018. This’s net activity of $2.85 million. Shares for $270,100 were sold by BUSK DOUGLAS W. On Friday, March 16 2,500 shs were sold by Soave John S., worth $842,525.

Credit Acceptance Corporation (NASDAQ:CACC) Ratings Coverage

A total of 5 analysts rate Credit Acceptance Corp (NASDAQ:CACC) as follows: 1 “Buy”, 3 “Hold” and 1 “Sell”. Тherefore 20% are bullish. (NASDAQ:CACC) has 7 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Thursday, January 4 the firm has “Hold” rating given by Susquehanna. On Tuesday, January 2 the rating was maintained by Stephens with “Sell”. On Thursday, April 12 Oppenheimer maintained Credit Acceptance Corporation (NASDAQ:CACC) rating. Oppenheimer has “Buy” rating and $36500 target. On Wednesday, January 10 the stock has “Hold” rating by Jefferies. In Monday, January 8 report Oppenheimer initiated it with “Buy” rating and $355.0 target. On Tuesday, January 30 the stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Hold” rating by Susquehanna. On Wednesday, January 31 the stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Hold” rating by BMO Capital Markets. Listed here are Credit Acceptance Corporation (NASDAQ:CACC) PTs and latest ratings.

12/04/2018 Broker: Oppenheimer Rating: Buy New Target: $365.0000 Maintain
31/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $295.0 Maintain
30/01/2018 Broker: Susquehanna Rating: Hold New Target: $358.0 Maintain
10/01/2018 Broker: Jefferies Rating: Hold New Target: $332.0 Maintain
08/01/2018 Broker: Oppenheimer Rating: Buy New Target: $355.0 Initiate
04/01/2018 Broker: Susquehanna Rating: Hold New Target: $363.0 Maintain
02/01/2018 Broker: Stephens Rating: Sell New Target: $257.0 Maintain

The stock increased 2.19% or $7.74 during the last trading session, reaching $360.49.Currently Credit Acceptance Corporation is uptrending after 65.09% change in last June 29, 2017. CACC has 13,407 shares volume. CACC outperformed the S&P500 by 52.52%.

Credit Acceptance Corporation provides financing programs, and related services and products to automobile dealers in the United States.The firm is worth $7.00 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.14.13 is the 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.

More recent Credit Acceptance Corporation (NASDAQ:CACC) news were released by Nasdaq.com, Globenewswire.com and Seekingalpha.com. The first one has “Credit Acceptance Named #4 Midsize Company on IDG’s Computerworld 2018 List of Best Places to Work in IT” as a title and was released on June 18, 2018. The next is “Credit Acceptance Announces Extension to $350 Million Revolving Secured Line of Credit Facility” on June 27, 2018. And last was released on June 18, 2018, called “Credit Acceptance: Loan Book Analysis”.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Investors Chart

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