Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Credit Acceptance's share price for the quarter that ended in Dec. 2023 was $532.73. Credit Acceptance's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 13 Mil. Therefore, Credit Acceptance's market cap for the quarter that ended in Dec. 2023 was $6,671 Mil.
Credit Acceptance's quarterly market cap
declined
from Jun. 2023 ($6,513 Mil) to Sep. 2023 ($5,782 Mil) but then
increased
from Sep. 2023 ($5,782 Mil) to Dec. 2023 ($6,671 Mil).
Credit Acceptance's annual market cap
declined
from Dec. 2021 ($9,728 Mil) to Dec. 2022 ($6,052 Mil) but then
increased
from Dec. 2022 ($6,052 Mil) to Dec. 2023 ($6,671 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Credit Acceptance's Enterprise Value for Today is $11,654 Mil.
Credit Acceptance Market Cap Historical Data
The historical data trend for Credit Acceptance's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Credit Acceptance Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Market Cap
8,117.99
5,916.36
9,727.85
6,051.87
6,671.06
Credit Acceptance Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Market Cap
6,051.87
5,597.40
6,512.53
5,781.96
6,671.06
Competitive Comparison
For the Credit Services subindustry, Credit Acceptance's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Credit Acceptance Market Cap Distribution
For the Credit Services industry and Financial Services sector, Credit Acceptance's Market Cap distribution charts can be found below:
* The bar in red indicates where Credit Acceptance's Market Cap falls into.
Credit Acceptance Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Credit Acceptance's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Credit Acceptance (NAS:CACC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Credit Acceptance Market Cap Related Terms
Thank you for viewing the detailed overview of Credit Acceptance's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Credit Acceptance (Credit Acceptance) Business Description
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.
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