Nicholas Elliott Buys Shares of Credit Acceptance Corp

Nicholas Elliott, the Chief Transformation Officer at Credit Acceptance Corporation (NasdaqGS: CACC), made a notable purchase of 16 company shares. On June 15, 2026, Elliott bought these shares at an average price of $333.94 each, totaling an investment of $5,343. This transaction was not part of a pre-planned trading program.

Other Institutional Activity in Credit Acceptance Corporation

Boston Partners increased its holdings in Credit Acceptance by 103,955 shares, bringing its total to 560,208 shares valued at about $237.17 million. Wellington Management Group also added 21,256 shares, totaling 258,898 shares worth $109.63 million. Meanwhile, BlackRock, Inc. trimmed its position by 9,467 shares, ending with 231,633 shares valued at $98.09 million.

Credit Acceptance Corporation Stock Down 3.5%

Shares of Credit Acceptance Corporation (NasdaqGS: CACC) recently traded around $574.10. The company has a market capitalization of approximately $6.01 billion and a P/E ratio of 14.31, with a forward P/E of 10.49. With a beta of 1.39, the stock has experienced a 52-week range between $401.90 and $583.86. Its 50-day moving average is $529.13, while the 200-day moving average is $485.79. The company's debt-to-equity ratio stands at 423.26.

Recent Earnings

Credit Acceptance Corporation reported revenue of about $1.28 billion, reflecting a growth of 12.7%. The company achieved a net margin of 35.54% and a return on equity of 28.12%. The next earnings announcement is expected on July 30, 2026.

Insider Buying and Selling at Credit Acceptance Corporation

On June 17, 2026, Nicholas Elliott also sold 3 shares, although the transaction did not involve a monetary exchange. Erin Kerber, Chief Legal Officer, sold 2 shares at $578.82 each under a planned sale, while Jay Martin, Chief Financial Officer, bought 2 shares at $333.94 on the same day.

Analysts Set New Price Targets

On May 6, 2026, TD Cowen maintained a hold rating on Credit Acceptance Corporation with a price target of $500. Stephens & Co. also maintained a hold rating on April 17, 2026, with a target of $540. The consensus among analysts gives the stock a target mean price of $536.67 based on three opinions.

About Credit Acceptance Corporation

Credit Acceptance Corporation, headquartered in Southfield, Michigan, provides financing programs and related products to automobile dealers in the United States. It advances funds to dealers in exchange for the right to service consumer loans and also purchases loans from dealers. Additionally, the company is involved in reinsuring vehicle service contracts sold by dealers. Founded in 1972, it serves both independent and franchised automobile dealers.

Bottom Line

The recent insider purchase by Nicholas Elliott highlights an interest in Credit Acceptance Corporation's future. Investors often track such insider activities to gauge executive confidence. However, it's important to remember that this information reflects past transactions and may not indicate current positions or future movements.