NAS:CACC () Also Trade In: Brazil Germany

Credit Acceptance Corp $ 513.61 -0.52 (-0.1%)

Volume:
142,370
Avg Vol (1m):
157,871
Market Cap $:
9.06 Bil
Enterprise Value $:
13.86 Bil
P/E (TTM):
28.34
P/B:
4.42
Warning! GuruFocus has detected 2 Severe warning signs with CACC. Click here to check it out.
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CACC News and Headlines - Credit Acceptance Corp

GuruFocus Articles Total 42
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Contrarian fund invests in retail and real estate

The Smead Value Fund (Trades, Portfolio) recently disclosed its portfolio updates for its fiscal second quarter of 2020, which ended on May 31.

The fund operates under Smead Capital Management. Its contrarian investing strategy is based on large-cap stocks that meet the following criteria: serve an economic need, have a strong competitive advantage, have a long history of profitability and strong operating metrics, generate high levels of free chase flow, are undervalued, have a strong balance sheet, show insider ownership and have a history of friendly relations between management and shareholders. The fund is managed by lead

441 Views    Margaret Moran    2020-07-27 22:08
The stock market is a big place with thousands of investments that you can make as an investor. It’s a frustrating place.

The stock market is a big place with thousands of investments that you can make as an investor. It’s a frustrating place. There is a myriad of investing disciplines that you can seek out. As a millennial, my generation is learning this for the first time. Don’t kid yourself for one second: they will destroy wealth.

This element of speculative risk was underlined by an article in The New York Times on July 8, 2020, Robinhood Has Lured Young Traders, Sometimes With Devastating Results. The author, Nathaniel Popper, writes about Richard Dobatse, a husband and father, who signed up

262 Views    Smead Capital Management    2020-07-21 20:31
Everyone who owned common stocks in the US went through hell in the first quarter of this year

Everyone who owned common stocks in the U.S. went through hell in the first quarter of this year. The 36% decline in the S&P 500 Index in February and March was the fastest 36% decline of my lifetime. This hell was especially damaging to those of us who have a positive view of the U.S. economy over the next 10 years.

The decline hit economically sensitive stocks much harder than even the index reflects. Commodities, which are usually a pretty good reflection of economic strength, came out of the decline as depressed versus common stocks as they have been in

371 Views    Smead Capital Management    2020-07-16 13:38
Ulta Beauty on the list

According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of July 15.

Allegiant Travel

Allegiant Travel Co. (ALGT) has a business predictability rank of 4.5 out of five stars and, according to the discounted cash flow calculator, a 51.57% margin of safety at an average price of $111.89 per share.

The provider of travel services has a market cap of $1.8 billion and an enterprise value of $2.8 billion. Over the past five years, its revenue has grown 10%.

Over the past 12 months,

117 Views    Tiziano Frateschi    2020-07-15 14:46
AutoZone makes the list

Companies that have positive and steady net margins and operating margins are often good investments because they can frequently return a solid profit to investors.

According to the GuruFocus discounted cash flow (DCF) calculator as of June 5, the following undervalued companies have a high margin of safety and have grown their margins over a 10-year period.

AutoZone

AutoZone Inc.'s (AZO) net margin and operating margin have grown 11.34% and 19.02% per annum, respectively, over the past 10 years.

According to the DCF calculator, the stock is undervalued with a 19.84% margin of safety at $1,138.05 per share. The

203 Views    Tiziano Frateschi    2020-06-05 15:48
A financing service that rides with the ups and downs of the auto dealerships

“Because Credit Acceptance has a disciplined and differentiated approach to underwriting loans, we believe it would continue to thrive in a recessionary environment and may well grow market share as competitors struggle with losses.”

- Ruane Cunniff (Trades, Portfolio), March 3, 2020

The recessionary environment has arrived, and Credit Acceptance Corp. (CACC) is available at a bargain price. Should it get a careful look from value investors?

On its website, the company introduces itself as follows:

“Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell

258 Views    Robert Abbott    2020-04-16 14:53
The world will still keep turning, providing plenty of investing opportunities

Notably, a couple of industries have been hit particularly hard throughout the ongoing Covid-19 pandemic. Investors are understandably worried, as businesses in these groups face severe challenges.

Nonetheless, here is the exciting part of the story – more often than not, short-term pains offer opportunities for long-term gains in the stock market and the business world as well, if you believe that the world will still keep turning. Focusing on the long run by opportunistically exploiting near-term volatilities or doing nothing in front of temporary setbacks is a substantial competitive advantage that investors can have market speculators. The key here,

2267 Views    Steven Chen    2020-04-08 15:07
Discussion of markets and holdings

Dear Sequoia Shareholders and Clients:

For the first quarter of 2020, Sequoia Fund generated a total return of -22.16% net of fees,1 versus a -19.60% return for the Standard & Poor’s 500 Index.

If there are adjectives that properly coney the scale, scope, speed and severity of the coronavirus pandemic that has gripped the world over the past several weeks, we are unaware of them. We suspect it will be several months before anyone will be able to fully comprehend its impact. All we can say in the meantime is that the range of potential outcomes for the economy has

143 Views    Sydnee Gatewood    2020-04-07 16:31
Guru stock highlight

Credit Acceptance (CACC) had an outstanding year. Sales rose 16% and operating earnings rose 30%. Earnings per share grew 22%, held back by a return to a normal tax rate after an unusually low rate the prior year. The market for subprime auto loans remains highly competitive. Despite that, the company’s underwriting discipline remains strong. A change in accounting rules will sharply curtail the company’s GAAP earnings in the coming year, but the change in accounting optics has no bearing on the economics of the business. Market concerns about how car loans will perform in a recession kept Credit

55 Views    Sydnee Gatewood    2020-03-03 17:46
Credit Acceptance tops the list

Although gurus hold positions in the following companies, their share prices and returns have suffered declines recently. These are the worst-performing stocks over the past six months that have a long-term presence in multiple gurus' portfolios.

Credit Acceptance

Shares of Credit Acceptance Corp. (CACC) declined 7.84% over the past six months. The stock is held by four gurus.

The company's largest guru shareholder is Ruane Cunniff (Trades, Portfolio) & Goldfarb with 5.74% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.19%, Jeremy Grantham (Trades, Portfolio) with 0.23%

148 Views    Tiziano Frateschi    2020-01-30 19:57
Packaging Corp of America tops the list

According to the GuruFocus All-in-One Screener, a Premium feature, as of Jan. 30, the following companies have grown their book value per share over the past decade.

Book value per share is calculated as total equity minus preferred stock, divided by shares outstanding. Theoretically, it is what shareholders will receive if a company is liquidated. Total equity is a balance sheet item and is equal to total assets minus total liabilities. Since the book value per share may not reflect the company’s true value, some investors check the tangible book value to confirm their investment ideas.

Packaging Corp. of

94 Views    Tiziano Frateschi    2020-01-30 19:45
And stay tuned for our 2020 picks

Over the past couple of years, we hve annually published our list of stock picks. These picks are purely based on our evaluation of business fundamentals, with no consideration in terms of valuation. As a result, they are theoretically for an ultra-long-term holding.

Despite the time horizon, we found it useful to conduct a performance check as an annual tradition to keep readers (and us) updated. So before we reveal our 2020 picks, here comes our annual review for 2019.

2018 picks

At the end of 2017, we picked 13 stocks from both U.S. and international markets. In 2018, a

1162 Views    Steven Chen    2020-01-14 17:17
A focus on return, value and core market

Michigan-based Credit Acceptance (CACC) provides subprime financing programs through a nationwide network of automobile dealers (12,528 active dealers as of 2018) for vehicle buyers with limited access to traditional sources of consumer credit. Through two different programs, the company either shares some loan risks with dealers or absorbs all the risks itself.

In addition to its unique business model, Credit Acceptance’s management also attracts us. In our view, the company’s investor relation materials demonstrate a high-quality capital allocator from the shareholder perspective. We strongly recommend alpha-seeking investors to take a look at their annual shareholder letters and the section of

405 Views    Steven Chen    2020-01-08 17:08
Homebuilder NVR tops the list

Companies that are growing their earnings are often good investments because they can return a solid profit to investors. According to the discounted cash flow calculator as of Wednesday, the following undervalued companies have grown their earnings per share over a five-year period.

NVR Inc.'s (NVR) earnings per share have grown 27.70% per year over the past five years.

According to the DCF calculator, the stock is undervalued with a 39% margin of safety at $3,600 per share. The price-earnings ratio is 17.23. The share price has been as high as $3,770 and as low as $2,040 in the

229 Views    Tiziano Frateschi    2019-09-17 19:05
Grand Canyon Education tops the list

According to the GuruFocus All-in-One Screener, the following companies have grown their book value per share over the past decade.

Book value per share is calculated as total equity minus preferred stock, divided by shares outstanding. Theoretically, it is what shareholders will receive if a company is liquidated. Total equity is a balance sheet item and equal to total assets minus total liabilities. Since the book value per share may not reflect the company’s true value, some investors check the tangible book value to confirm their investment ideas.

The book value per share of Grand Canyon Education Inc. (LOPE)

162 Views    Tiziano Frateschi    2019-07-29 19:14
Value screeners identify stocks to consider in light of June GDP numbers and significantly overvalued market

As the summer 2019 season goes deep into the second month, GuruFocus’ value screeners continue identifying investing opportunities for the remaining five months of the year. The five undervalued-predictable companies with the highest margin of safety in terms of the discounted cash flow model are Alliance Data Systems Corp. (ADS), Tech Data Corp. (TECD), Sally Beauty Holdings Inc. (SBH), Credit Acceptance Corp. (CACC) and Packaging Corp of America (PKG).

The U.S. Bureau of Economic Analysis said on Friday that real gross domestic product increased at an annual rate of 2.1% during the quarter ending June 30, down 1% from

1560 Views    James Li    2019-07-26 21:55
Anika Therapeutics tops the list

Companies that are growing their earnings are often good investments because they can return a solid profit to investors. According to the discounted cash flow calculator, the following undervalued companies have grown their earnings per share over a five-year period.

The earnings per share of Anika Therapeutics Inc. (ANIK) have grown 10% annually over the last five years.

1629342377.png

According to the DCF calculator, the stock is undervalued and is trading with a 16% margin of safety at $30 per share. The price-earnings ratio is 23.95. The share price has been as high as $54.88 and

86 Views    Tiziano Frateschi    2019-03-11 19:34
Credit Acceptance makes the list

According to the GuruFocus All-in-One Guru Screener, the following stocks have outperformed the Standard & Poor's 500 index over the last 12 months and were bought by gurus during the third quarter.

Cable One Inc. (CABO) has a market cap of $5.2 billion. It has outperformed the S&P 500 Index by 30% over the last 12 months.

2136858815.png

The stock is trading with a price-book ratio of 6.96. According to the discounted cash flow calculator, the stock is overpriced by 84% at $911.32 per share. The share price is 597.40% above its 52-week low and

79 Views    Tiziano Frateschi    2019-02-08 21:30
Viacom on the list with 49% of margin of safety

According to the GuruFocus All-in-One Screener, the following stocks have high business predictability ratings and a wide margin of safety.

Group 1 Automotive Inc. (GPI)

The company has a three-star business predictability rating and, according to the discounted cash flow calculator, a 50% margin of safety at $59.61 per share.

The company, which sells new and used cars and light trucks, has a market cap of $1.19 billion. Over the last five years, its revenue has increased 11.40% but its earnings per share have fallen 17.90%.

1512305691.png

The stock has fallen 17% over the

154 Views    Tiziano Frateschi    2018-10-10 16:21
Recent sells from company CFOs

According to GuruFocus Insider Data, the recent CFO sells were: O'Reilly Automotive Inc. (ORLY) and Credit Acceptance Corp (CACC).

O'Reilly Automotive Inc. (ORLY): CFO and EVP Thomas McFall sold 58,120 Shares

CFO and EVP Thomas McFall sold 28,120 shares for $309.24 per share on Aug. 3. Since then, the stock price has increased by 2.08%. O'Reilly Automotive Inc. has a market cap of $25.57 billion and its shares were traded around $315.67. The company has a price-earnings ratio of 21.57 and price-sales ratio of 2.90. Over the past 10 years, O'Reilly Automotive Inc. had an annual average earnings growth of

22 Views    Myra Ramdenbourg    2018-08-08 14:53

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2020-08-07 $ 513.61 (-0.1%)
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