Credit Acceptance Corporation
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- Market Cap.:
- $5.46 billion
- Book Value:
- Revenue TTM:
- $1.18 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $1.14 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Credit Acceptance Corporation had its IPO on 1992-06-05 under the ticker symbol CACC.
The company operates in the Financial Services sector and Credit Services industry. Credit Acceptance Corporation has a staff strength of 2,246 employees.
Shares of Credit Acceptance Corporation opened at $428.62 at the start of the last trading session i.e. 2023-03-30.
The stocks traded within a range of $423.38 - $432.53, and closed at $424.95.
This is a -0.03% slip from the previous day's closing price.
A total volume of 38,825 shares were traded at the close of the day’s session.
In the last one week, shares of Credit Acceptance Corporation have increased by +3.9%.
Credit Acceptance Corporation's Key Ratios
Credit Acceptance Corporation has a market cap of $5.46 billion, indicating a price to book ratio of 3.6835 and a price to sales ratio of 4.4861.
In the last 12-months Credit Acceptance Corporation’s revenue was $1.18 billion with a gross profit of $1.14 billion and an EBITDA of $0. The EBITDA ratio measures Credit Acceptance Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Credit Acceptance Corporation’s operating margin was 61.1% while its return on assets stood at 7.68% with a return of equity of 31.08%.
In Q4, Credit Acceptance Corporation’s quarterly earnings growth was a negative -34.5% while revenue growth was a negative 29.9%.
Credit Acceptance Corporation’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $39.62 per share while it has a forward price to earnings multiple of 9.6712 and a PEG multiple of 1.154. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Credit Acceptance Corporation’s profitability.
Credit Acceptance Corporation stock is trading at a EV to sales ratio of 5.7012 and a EV to EBITDA ratio of 12.1832. Its price to sales ratio in the trailing 12-months stood at 4.4861.
Credit Acceptance Corporation stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $6.90 billion
- Total Liabilities
- $263.30 million
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
Credit Acceptance Corporation ended 2023 with $6.90 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.90 billion while shareholder equity stood at $1.62 billion.
Credit Acceptance Corporation ended 2023 with $426.70 million in deferred long-term liabilities, $263.30 million in other current liabilities, 100000.00 in common stock, $1.38 billion in retained earnings and $0 in goodwill. Its cash balance stood at $7.70 million and cash and short-term investments were $7.70 million. The company’s total short-term debt was $30,900,000 while long-term debt stood at $4.59 billion.
Credit Acceptance Corporation’s total current assets stands at $6.80 billion while long-term investments were $6.30 billion and short-term investments were $99000.00. Its net receivables were $6.31 billion compared to accounts payable of $260.80 million and inventory worth $0.
In 2023, Credit Acceptance Corporation's operating cash flow was $-121500000.00 while its capital expenditure stood at $500000.
Comparatively, Credit Acceptance Corporation paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Credit Acceptance Corporation stock is currently trading at $424.95 per share. It touched a 52-week high of $648.95 and a 52-week low of $648.95. Analysts tracking the stock have a 12-month average target price of $426.4.
Its 50-day moving average was $447.49 and 200-day moving average was $476.55 The short ratio stood at 14.4 indicating a short percent outstanding of 0%.
Around 3304.1% of the company’s stock are held by insiders while 6378.1% are held by institutions.
Frequently Asked Questions About Credit Acceptance Corporation
Similar Industry Stocks (Credit Services)
Credit Acceptance Corporation engages in the provision of financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was incorporated in 1972 and is headquartered in Southfield, Michigan.