Credit Acceptance (CACC) Given Sell Rating at Credit Suisse Group

Jeannie Matthews
January 14, 2018

The stock was sold at an average price of $330.83, for a total value of $9,937,471.54. The institutional investor held 300 shares of the consumer non-durables company at the end of 2017Q3, valued at $10,000, down from 24,744 at the end of the previous reported quarter. The Company's financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers, and from sales to customers responding to advertisements for it products. The stock increased 0.44% or $0.56 during the last trading session, reaching $126.45. About 95,478 shares traded. World Acceptance Corporation (NASDAQ:WRLD) has risen 103.20% since January 11, 2017 and is uptrending. It has underperformed by 8.31% the S&P500.

Bloombergsen Inc decreased Credit Accep Corp Mich (CACC) stake by 0.42% reported in 2017Q3 SEC filing. In the last three months, insiders have sold 114,925 shares of company stock worth $37,901,719. The credit services provider reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.83). Account Management Llc who had been investing in Credit Acceptance Corporation for a number of months, seems to be less bullish one the $6.57B market cap company. The stock decreased 3.44% or $1.25 during the last trading session, reaching $35.12. About 122,746 shares traded. BidaskClub upgraded shares of Credit Acceptance from a "buy" rating to a "strong-buy" rating in a research note on Saturday. It has outperformed by 10.76% the S&P500.

Investors sentiment decreased to 1.03 in 2017 Q3. Its up 0.17, from 0.82 in 2017Q2. It dived, as 20 investors sold HHC shares while 54 reduced holdings. 52 funds opened positions while 186 raised stakes. Bloombergsen Inc sold 1,933 shares as Credit Accep Corp Mich (CACC)'s stock rose 15.18%. Commerce National Bank & Trust owns 0.01% invested in Conagra Brands, Inc. (NYSE:PFE) by 57,000 shares to 978,676 shares, valued at $34.94M in 2017Q3, according to the filing. Bartlett & Limited Liability accumulated 600 shares or 0.01% of the stock. Ameriprise accumulated 145,354 shares. Wells Fargo And Mn has invested 0% in Salient Midstream & MLP Fund (NYSE:SMM). Creative Planning invested in 0.01% or 12,947 shares. 153,000 were reported by Grantham Mayo Van Otterloo & Ltd Limited Liability Company. United Services Automobile Association has invested 0.02% in Conagra Brands, Inc. Clearbridge Invs Ltd invested in 0% or 148 shares. Johnson Inv Counsel reported 15,659 shares.

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 33% are positive. Credit Acceptance Corp had 27 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Monday, June 26 by RBC Capital Markets. Clark Grp Inc Inc invested in 4,317 shares or 0.04% of the stock. The firm has "Sell" rating given on Thursday, September 7 by Jefferies. Citigroup initiated it with "Buy" rating and $165 target in Friday, May 13 report. The stock of Microsoft Corporation (NASDAQ:MSFT) has "Strong-Buy" rating given on Wednesday, September 2 by Vetr. The stock has "Hold" rating by Jefferies on Friday, September 29.

Since August 1, 2017, it had 0 buys, and 5 selling transactions for $31.05 million activity. The rating was maintained by Evercore with "Buy" on Friday, December 8. The firm has "Buy" rating by Stifel Nicolaus given on Monday, October 30. O's profit will be $203.18M for 18.42 P/E if the $0.72 EPS becomes a reality. Jefferies Group reissued a "hold" rating and issued a $215.00 price target on shares of Credit Acceptance a research report on Wednesday, January 11th. Therefore 8% are positive. Oppenheimer began coverage on Credit Acceptance in a report on Monday, January 8th. Bank of America increased their target price on shares of Credit Acceptance from $195.00 to $230.00 and gave the stock an underperform rating in a report on Tuesday, October 31st. BMO Capital Markets reiterated a hold rating and issued a $238.00 price objective on shares of Credit Acceptance in a report on Friday, October 6th. Jefferies Group reissued a hold rating and issued a $260.00 target price (up from $240.00) on shares of Credit Acceptance in a report on Tuesday, October 10th. The rating was maintained by Susquehanna on Thursday, January 4 with "Hold". Macquarie Research downgraded the shares of CACC in report on Wednesday, May 11 to "Underperform" rating. Goodnow Grp Limited Liability Co has invested 11.66% in Credit Acceptance Corporation (NASDAQ:CACC). The company was downgraded on Tuesday, September 6 by Compass Point. BMO Capital Markets has "Market Perform" rating and $252 target. Raymond James upgraded the stock to "Hold" rating in Tuesday, August 1 report.

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Jefferies Group also issued estimates for World Acceptance's Q4 2018 earnings at $3.23 EPS, Q1 2019 earnings at $1.72 EPS, Q2 2019 earnings at $1.60 EPS, Q3 2019 earnings at $1.05 EPS, Q4 2019 earnings at $3.32 EPS and FY2019 earnings at $7.68 EPS. Its down 0.53, from 1.84 in 2017Q2. It is negative, as 24 investors sold CACC shares while 49 reduced holdings. 14 funds opened positions while 38 raised stakes. Rational Advisors LLC bought a new position in shares of Credit Acceptance during the 3rd quarter valued at approximately $1,180,000. Alliancebernstein L P owns 5,619 shares for 0% of their portfolio. 921,628 are owned by Hound Prtnrs Llc. First Commercial Bank Of Omaha holds 0.18% in Credit Acceptance Corporation (NASDAQ:CACC) or 21,648 shares. 1,250 were accumulated by Gabelli Funds Ltd Liability. Sg Americas Secs Ltd Liability reported 0% stake. Moreover, Sun Life Finance has 0.06% invested in Realty Income Corporation (NYSE:O) for 10,058 shares.

Another recent and important Credit Acceptance Corporation (NASDAQ:CACC) news was published by which published an article titled: "Form 8-K CREDIT ACCEPTANCE CORP For: Dec 20" on December 21, 2017. State Board Of Administration Of Florida Retirement owns 10,265 shares for 0.01% of their portfolio. Brown Brothers Harriman And accumulated 2,000 shares or 0% of the stock. Da Davidson invested in 806 shares. Ahl Ptnrs Llp has 5,171 shares for 0.03% of their portfolio. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Credit Acceptance by 479.4% during the second quarter. Booth Kenneth sold 2,000 shares worth $546,015.

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