RV Capital AG Sells 2,600 Shares of Credit Acceptance Co. (NASDAQ:CACC)

RV Capital AG trimmed its position in Credit Acceptance Co. (NASDAQ:CACC) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131,588 shares of the credit services provider’s stock after selling 2,600 shares during the quarter. Credit Acceptance makes up 13.2% of RV Capital AG’s holdings, making the stock its 4th largest position. RV Capital AG owned about 1.09% of Credit Acceptance worth $61,775,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Credit Acceptance in the fourth quarter valued at $142,000. UMB Bank n.a. grew its stake in Credit Acceptance by 10.7% in the 4th quarter. UMB Bank n.a. now owns 743 shares of the credit services provider’s stock valued at $349,000 after buying an additional 72 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Credit Acceptance by 2.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,687 shares of the credit services provider’s stock valued at $1,261,000 after acquiring an additional 70 shares during the period. Park Avenue Securities LLC acquired a new stake in Credit Acceptance during the 4th quarter worth approximately $680,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Credit Acceptance during the fourth quarter worth $28,000. 81.71% of the stock is currently owned by institutional investors and hedge funds.

Credit Acceptance Stock Down 0.1 %

Shares of NASDAQ CACC opened at $523.55 on Monday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 35.16 and a beta of 1.46. The company has a current ratio of 23.63, a quick ratio of 23.63 and a debt-to-equity ratio of 3.79. Credit Acceptance Co. has a 12 month low of $409.22 and a 12 month high of $616.66. The stock has a 50-day moving average price of $476.50 and a two-hundred day moving average price of $475.15.

Credit Acceptance (NASDAQ:CACC) last issued its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $8.79 EPS for the quarter, beating the consensus estimate of $7.88 by $0.91. The business had revenue of $550.30 million during the quarter, compared to the consensus estimate of $548.13 million. Credit Acceptance had a net margin of 9.08% and a return on equity of 29.18%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.70 EPS. As a group, analysts forecast that Credit Acceptance Co. will post 36.53 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Jonathan Lum sold 552 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $489.90, for a total transaction of $270,424.80. Following the sale, the chief operating officer now directly owns 31,493 shares in the company, valued at approximately $15,428,420.70. The trade was a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Stephens began coverage on shares of Credit Acceptance in a research report on Wednesday, November 13th. They issued an “equal weight” rating and a $452.00 price target for the company. StockNews.com downgraded shares of Credit Acceptance from a “buy” rating to a “hold” rating in a report on Thursday. Finally, TD Cowen decreased their price objective on shares of Credit Acceptance from $400.00 to $380.00 and set a “sell” rating on the stock in a research note on Friday, November 1st.

Credit Acceptance Company Profile

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services 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.