Are Analysts Bearish Credit Acceptance Corporation (NASDAQ:CACC) After Last Week?

Investors sentiment decreased to 0.78 in 2019 Q1. Its down 0.20, from 0.98 in 2018Q4. It is negative, as 32 investors sold Credit Acceptance Corporation shares while 73 reduced holdings. 37 funds opened positions while 45 raised stakes. 9.72 million shares or 3.36% less from 10.05 million shares in 2018Q4 were reported.
Quantitative Management Ltd Com holds 0.01% or 500 shares in its portfolio. Ubs Asset Management Americas has invested 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). 800 were accumulated by Allen Investment Mngmt Limited Liability Company. Oppenheimer Asset Mgmt Inc reported 1,474 shares. D E Shaw And Commerce owns 33,606 shares or 0.02% of their US portfolio. Intl Gp reported 258 shares stake. 11,416 are held by Blair William & Il. Bessemer Gp Incorporated reported 0% in Credit Acceptance Corporation (NASDAQ:CACC). Plante Moran Financial Advisors Ltd Com invested in 387 shares. Moreover, Maverick Capital Limited has 0.08% invested in Credit Acceptance Corporation (NASDAQ:CACC). Geode Cap Mngmt Ltd Company reported 168,441 shares stake. Pnc Services Grp Inc Inc accumulated 0.05% or 116,122 shares. Raymond James Assocs holds 0% in Credit Acceptance Corporation (NASDAQ:CACC) or 968 shares. Umb Savings Bank N A Mo reported 1,965 shares. Franklin Resources Inc holds 0% or 605 shares.

Credit Acceptance Corporation (NASDAQ:CACC) Ratings Coverage

Among 4 analysts covering Credit Acceptance (NASDAQ:CACC), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Credit Acceptance had 7 analyst reports since January 24, 2019 according to SRatingsIntel. Stephens maintained Credit Acceptance Corporation (NASDAQ:CACC) rating on Tuesday, April 30. Stephens has “Equal-Weight” rating and $49500 target. The stock has “Market Perform” rating by Oppenheimer on Thursday, January 31. Below is a list of Credit Acceptance Corporation (NASDAQ:CACC) latest ratings and price target changes.

30/04/2019 Broker: Stephens Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $381.0000 New Target: $495.0000 Maintain
19/04/2019 Broker: BidaskScore Rating: Buy Upgrade
09/04/2019 Broker: BidaskScore Rating: Hold Downgrade
30/03/2019 Broker: BidaskScore Rating: Buy Upgrade
28/03/2019 Broker: Buckingham Research Rating: Neutral New Target: $440 Initiates Coverage On
31/01/2019 Broker: Oppenheimer Old Rating: Outperform New Rating: Market Perform Downgrade
24/01/2019 Broker: BTIG Research Rating: Sell New Target: $340 Initiates Coverage On

The stock increased 1.12% or $5.48 during the last trading session, reaching $494.89. About 61,818 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 35.76% since July 14, 2018 and is uptrending. It has outperformed by 31.33% the S&P500.

Credit Acceptance Corporation provides financing programs, and related services and products to automobile dealers in the United States. The company has market cap of $9.30 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. It has a 15.54 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 notable recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Globenewswire.com which released: “Credit Acceptance Announces Completion of $402.5 Million Asset-Backed Financing – GlobeNewswire” on February 21, 2019, also Seekingalpha.com with their article: “Credit Acceptance Corporation – One Of The Best – Seeking Alpha” published on September 07, 2017, Zacks.com published: “ECPG vs. CACC: Which Stock Is the Better Value Option? – Zacks.com” on May 16, 2019. More interesting news about Credit Acceptance Corporation (NASDAQ:CACC) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About Sarepta Therapeutics Inc (SRPT) – Yahoo Finance” published on June 10, 2019 as well as Globenewswire.com‘s news article titled: “Credit Acceptance Named One of the Best Workplaces for Millennials by Great Place to Work® and FORTUNE – GlobeNewswire” with publication date: July 11, 2019.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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