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

June 29, 2018 - By Susanne Funderburg

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 worsened. 46 increased positions while 29 funds amassed positions. Funds hold 11.67 million shares thus 9.12% less from 2017Q4’s 12.84 million shares.
New York-based Two Sigma Secs Lc has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Utd Automobile Association has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Moreover, Blair William And Il has 0.03% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 11,567 shs. Deutsche Bank Ag reported 1,940 shs. Lord Abbett And holds 0.07% or 71,220 shs in its capital. Grantham Mayo Van Otterloo & Communications holds 0.19% in Credit Acceptance Corporation (NASDAQ:CACC) or 93,000 shs. Wellington Management Ltd Liability Partnership reported 680,105 shs. State Common Retirement Fund accumulated 27,400 shs or 0.01% of the stock. Qs Investors Ltd Limited Liability Company holds 0% of its capital in Credit Acceptance Corporation (NASDAQ:CACC) for 2 shs. Credit Suisse Ag has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Natl Bank Of America De has 19,060 shs for 0% of their capital. Janney Montgomery Scott Limited Liability Corporation has 1,995 shs for 0.01% of their capital. Hsbc Public Limited Com owns 111,326 shs for 0.05% of their capital. Bloombergsen Inc holds 10.18% in Credit Acceptance Corporation (NASDAQ:CACC) or 425,571 shs. Sg Americas Securities Limited Liability Corp holds 959 shs or 0% of its capital.

Credit Acceptance Corporation registered $2.85 million net activity with 0 insider buys and 5 selling transactions since February 5, 2018. BUSK DOUGLAS W had sold 730 shs worth $270,100. $842,525 worth of stock was sold by Soave John S. on Friday, March 16.

Credit Acceptance Corporation (NASDAQ:CACC) Ratings Coverage

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

CACC is touching $360.49 during the last trading session, after increased 2.19%.Credit Acceptance Corporation has volume of 13,407 shares. Since June 29, 2017 CACC has risen 65.09% and is uptrending. CACC outperformed the S&P 500 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 announced by Seekingalpha.com, Nasdaq.com and Globenewswire.com. The first one has “Credit Acceptance: Loan Book Analysis” as a title and was announced on June 18, 2018. The next is “Credit Acceptance Named #4 Midsize Company on IDG’s Computerworld 2018 List of Best Places to Work in IT” on June 18, 2018. And last was announced on June 27, 2018, called “Credit Acceptance Announces Extension to $350 Million Revolving Secured Line of Credit Facility”.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Investors Chart

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