Credit Acceptance (NASDAQ:CACC) Insider Erin Kerber Sells 8,656 Shares

Posted by Francis Steltz on Jun 27th, 2026

Credit Acceptance Corporation (NASDAQ:CACC – Get Free Report) insider Erin Kerber sold 8,656 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $600.94, for a total transaction of $5,201,736.64. Following the transaction, the insider owned 25,711 shares in the company, valued at $15,450,768.34. This represents a 25.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Credit Acceptance Trading Up 0.9%

Shares of NASDAQ:CACC opened at $629.62 on Friday. The stock has a market capitalization of $6.59 billion, a PE ratio of 15.65 and a beta of 1.38. Credit Acceptance Corporation has a 1 year low of $401.90 and a 1 year high of $638.55. The firm has a fifty day moving average price of $548.53 and a 200 day moving average price of $495.82. The company has a current ratio of 13.62, a quick ratio of 13.62 and a debt-to-equity ratio of 4.09.

Credit Acceptance (NASDAQ:CACC – Get Free Report) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $10.71 EPS for the quarter, missing the consensus estimate of $10.73 by ($0.02). Credit Acceptance had a return on equity of 29.95% and a net margin of 19.49%.The business had revenue of $406.00 million for the quarter, compared to analyst estimates of $580.77 million. During the same period in the previous year, the company earned $9.35 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts expect that Credit Acceptance Corporation will post 47.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Credit Acceptance

A number of institutional investors and hedge funds have recently bought and sold shares of CACC. Altshuler Shaham Ltd grew its holdings in shares of Credit Acceptance by 37.3% during the first quarter. Altshuler Shaham Ltd now owns 70 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 19 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Credit Acceptance by 2.1% in the first quarter. Pictet Asset Management Holding SA now owns 990 shares of the credit services provider’s stock valued at $419,000 after buying an additional 20 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Credit Acceptance by 53.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 69 shares of the credit services provider’s stock valued at $31,000 after buying an additional 24 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Credit Acceptance by 4.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 571 shares of the credit services provider’s stock worth $253,000 after buying an additional 25 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Credit Acceptance by 6.3% during the 4th quarter. Cetera Investment Advisers now owns 508 shares of the credit services provider’s stock worth $225,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 81.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CACC. Stephens boosted their target price on Credit Acceptance from $450.00 to $540.00 and gave the stock an “equal weight” rating in a report on Friday, April 17th. TD Cowen boosted their price objective on shares of Credit Acceptance from $450.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Credit Acceptance from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Finally, Zacks Research downgraded shares of Credit Acceptance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $520.00.

Check Out Our Latest Stock Report on Credit Acceptance

Credit Acceptance Company Profile

(Get Free Report)

Credit Acceptance Corporation, founded in 1972 and headquartered in Southfield, Michigan, is a specialty finance company focused on the indirect automotive lending market. The company partners with independent and franchised auto dealers to facilitate purchase financing for consumers who may not qualify for traditional prime auto loans. By purchasing retail installment contracts originated by these dealers, Credit Acceptance provides capital and credit insurance to support vehicle sales, enabling dealers to broaden their customer base and reduce credit risk.

Through its proprietary underwriting platform and risk management strategies, Credit Acceptance evaluates borrower applications, structures credit plans, and retains servicing rights on the acquired contracts.