Credit Acceptance Corporation (NASDAQ:CACC) Receives News Sentiment Score of -0.02

Media coverage about Credit Acceptance Corporation (NASDAQ:CACC) has been trending somewhat negative on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Credit Acceptance Corporation earned a coverage optimism score of -0.02 on Accern’s scale. Accern also gave press coverage about the credit services provider an impact score of 52 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reissued a “hold” rating and set a $212.00 target price on shares of Credit Acceptance Corporation in a report on Tuesday, April 11th. Zacks Investment Research cut shares of Credit Acceptance Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $215.00 price target on shares of Credit Acceptance Corporation in a report on Friday. BidaskClub cut shares of Credit Acceptance Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Janney Montgomery Scott raised shares of Credit Acceptance Corporation from a “sell” rating to a “neutral” rating and upped their price target for the stock from $187.00 to $200.00 in a report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $205.63.

Shares of Credit Acceptance Corporation (NASDAQ:CACC) traded up 0.29% on Friday, reaching $242.28. 85,832 shares of the company traded hands. Credit Acceptance Corporation has a 1-year low of $160.63 and a 1-year high of $264.43. The firm has a market capitalization of $4.78 billion, a P/E ratio of 13.93 and a beta of 0.53. The stock has a 50-day moving average price of $230.58 and a 200 day moving average price of $210.27.

Credit Acceptance Corporation (NASDAQ:CACC) last posted its quarterly earnings data on Monday, May 1st. The credit services provider reported $4.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.38 by $0.29. Credit Acceptance Corporation had a net margin of 35.03% and a return on equity of 32.36%. The business had revenue of $262.80 million during the quarter, compared to analyst estimates of $259.24 million. Analysts anticipate that Credit Acceptance Corporation will post $18.74 EPS for the current fiscal year.

In related news, President Steven M. Jones sold 65,000 shares of Credit Acceptance Corporation stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $214.15, for a total value of $13,919,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Arthur L. Smith sold 1,596 shares of Credit Acceptance Corporation stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $215.93, for a total transaction of $344,624.28. The disclosure for this sale can be found here. In the last three months, insiders sold 451,659 shares of company stock valued at $98,957,724. Insiders own 5.80% of the company’s stock.

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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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