A Director at Credit Acceptance Corp (CACC) is Selling Shares


Today, a Director at Credit Acceptance Corp (NASDAQ: CACC), Glenda Flanagan, sold shares of CACC for $3.02M.

Following Glenda Flanagan’s last CACC Sell transaction on April 27, 2012, the stock climbed by 350.0%. This is Flanagan’s first transaction since reporting a Buy transaction on FIT back in August 2017

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Based on Credit Acceptance Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $315 million and quarterly net profit of $151 million. In comparison, last year the company earned revenue of $276 million and had a net profit of $99.1 million. CACC’s market cap is $8.61B and the company has a P/E ratio of 15.81. Currently, Credit Acceptance Corp has an average volume of 144.3K.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $370.33, reflecting a 21.5% upside. Seven different firms, including Merrill Lynch and Compass Point, currently also have a Sell rating on the stock.

The insider sentiment on Credit Acceptance Corp has been negative according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Glenda Flanagan’s trades have generated a -28.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Credit Acceptance Corp. engages in the the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. Its financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers.

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