Economy

Credit Acceptance Corporation (CACC) to Release Earnings on Monday

It turned negative, as 20 investors sold CACC shares while 43 reduced holdings.

An institutional investor recently raised its position in Credit Acceptance Corporation stock. New York State Common Retirement Fund holds 27,400 shares or 0.01% of its portfolio. Goldman Sachs Grp holds 138,545 shares or 0.01% of its portfolio. 16,596 were accumulated by Franklin Inc. Credit Suisse Ag holds 0.01% or 258,607 shares in its portfolio. Hightower Advsr Ltd, Illinois-based fund reported 1,039 shares. BidaskClub lowered shares of Credit Acceptance Corporation from a "strong-buy" rating to a "buy" rating in a report on Thursday, July 6th. Finally, Spark Investment Management LLC increased its holdings in shares of World Acceptance Corporation by 0.3% in the 2nd quarter. (NASDAQ:WRLD). Grp One Trading Limited Partnership invested 0% of its portfolio in World Acceptance Corp. (NASDAQ:CACC) for 1,250 shares. (NASDAQ:CACC). Metropolitan Life Insurance Company has 0% invested in Credit Acceptance Corp. (NASDAQ:CACC). Tiaa Cref Limited Co holds 187,195 shares.

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. Washington-based Tradewinds Mgmt Ltd Liability Corporation has invested 0% in Tripadvisor Inc (NASDAQ:TRIP). Great West Life Assurance Can holds 782 shares or 0% of its portfolio.

Since May 11, 2017, it had 0 insider purchases, and 3 insider sales for $291,336 activity.

Analysts await Credit Acceptance Corp.

Shares of Credit Acceptance Corporation (NASDAQ:CACC) traded down 1.00% on Monday, hitting $296.02. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares. (NASDAQ:CACC) opened at 186.79 on Thursday. During the same quarter in the prior year, the business posted $4.53 earnings per share. For the past 5 days of trading, the stock has seen a move of 5.28%. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $2.02 by ($0.54).

The stock increased 2.66% or $2.16 on October 27, reaching $83.35. About 470,622 shares traded or 147.35% up from the average. Credit Acceptance Corp. (NASDAQ:CACC) has risen 27.46% since October 30, 2016 and is uptrending. It has outperformed by 86.50% the S&P500.

Among 5 analysts covering World Acceptance (NASDAQ:WRLD), 1 have Buy rating, 3 Sell and 1 Hold. Therefore 0 are positive. Finally, Raymond James Financial, Inc. upgraded shares of Credit Acceptance Corporation from an "underperform" rating to a "market perform" rating in a report on Tuesday, August 1st. "Shares Fell Today" published on January 26, 2017, Businesswire.com published: "World Acceptance Corporation Reports Fiscal 2018 First Quarter Results" on August 03, 2017. On Tuesday, September 6 the stock rating was downgraded by Compass Point to "Sell". Compass Point upgraded Credit Acceptance Corp. The company has a consensus rating of "Hold" and an average price target of $224.88. The firm has "Market Perform" rating by JMP Securities given on Wednesday, August 26. The stock of Tripadvisor Inc (NASDAQ:TRIP) earned "Underperform" rating by Credit Suisse on Monday, June 19. BMO Capital Markets maintained the stock with "Hold" rating in Friday, October 6 report. See Credit Acceptance Corp. Deutsche Bank maintained it with "Buy" rating and $8.50 target in Wednesday, November 4 report. The rating was initiated by Susquehanna with "Neutral" on Monday, January 23. The firm earned "Sell" rating on Thursday, August 3 by BMO Capital Markets. The Company's financing programs are offered through a network of automobile dealers. Ancient Art Lp who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $5.72 billion market cap company. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. WRLD's profit would be $15.52 million giving it 11.84 P/E if the $1.76 EPS is correct. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans. Seekingalpha.com's article titled: "Credit Acceptance Corporation - One Of The Best" and published on September 07, 2017 is yet another important article.



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