CFO of Credit Acceptance Corporation (CACC) Kenneth Booth buys 2,038 shares of CACC on 11/05/2012 at an average price of $82.15 a share.

Credit Acceptance Corporation has a market cap of $2.03 billion; its shares were traded at around $85.63 with a P/E ratio of 10.6 and P/S ratio of 3.9. Credit Acceptance Corporation had an annual average earning growth of 25.2% over the past 10 years. GuruFocus rated Credit Acceptance Corporation the business predictability rank of 4.5-star.

This is the annual revenues and earnings per share of CACC over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CACC.

CEO Recent Trades:

• CEO Brett A Roberts sold 1,200 shares of CACC stock on 08/07/2012 at the average price of 101.5. Brett A Roberts owns at least 308,296 shares after this. The price of the stock has decreased by 15.64% since.
• CEO Brett A Roberts sold 8,800 shares of CACC stock on 08/06/2012 at the average price of 101.1. Brett A Roberts owns at least 309,496 shares after this. The price of the stock has decreased by 15.3% since.

CFO Recent Trades:

• CFO Kenneth Booth bought 2,038 shares of CACC stock on 11/05/2012 at the average price of 82.15. Kenneth Booth owns at least 16,701 shares after this. The price of the stock has increased by 4.24% since.

This is the insider trade history vs. stock price of CACC. For the complete insider trading history of CACC, click here.

Directors and Officers Recent Trades:

• Scott J Vassalluzzo sold 35,000 shares of CACC stock on 09/19/2012 at the average price of 90.06. Scott J Vassalluzzo owns at least 4,377,172 shares after this. The price of the stock has decreased by 4.92% since.
• Chairman, 10% Owner Donald A Foss sold 240,000 shares of CACC stock on 09/05/2012 at the average price of 91.02. Donald A Foss owns at least 11,191,117 shares after this. The price of the stock has decreased by 5.92% since.
• Director Glenda J Flanagan sold 10,000 shares of CACC stock on 09/04/2012 at the average price of 100.29. Glenda J Flanagan owns at least 19,475 shares after this. The price of the stock has decreased by 14.62% since.
• Sr. Vice President & Treasurer Douglas W Busk sold 500 shares of CACC stock on 08/09/2012 at the average price of 101. Douglas W Busk owns at least 16,180 shares after this. The price of the stock has decreased by 15.22% since.
• Chief Legal Officer Charles A Pearce sold 500 shares of CACC stock on 08/06/2012 at the average price of 101.01. Charles A Pearce owns at least 8,584 shares after this. The price of the stock has decreased by 15.23% since.

For the complete insider trading history of CACC, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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