Nicholas Elliott Purchases Shares in Credit Acceptance Corporation

Nicholas Elliott, the Chief Transformation Officer of Credit Acceptance Corporation (NasdaqGS: CACC), made a notable purchase of company shares. On June 25, 2026, Elliott acquired 1,183 shares at an average price of $333.94 each, totaling approximately $395,051. This transaction was not part of a pre-planned trading scheme.

Other Institutional Activity in Credit Acceptance Corporation

Boston Partners increased its holdings in Credit Acceptance by 103,955 shares, now owning 560,208 shares worth about $237.17 million, marking a 22.8% increase. Wellington Management Group LLP also boosted its stake by 21,256 shares, resulting in 258,898 shares valued at $109.63 million, reflecting an 8.9% increase. Meanwhile, Beck Mack & Oliver LLC slightly reduced its position by 1,364 shares, ending with 308,984 shares valued at $130.84 million, a 0.4% decrease. BlackRock, Inc. trimmed its stake by 9,467 shares, holding 231,633 shares worth $98.09 million, a 3.9% decrease.

Credit Acceptance Corporation Stock Up 5.7%

Shares of Credit Acceptance Corporation traded near $628.86 on Saturday. The company has a market cap of approximately $6.58 billion and a P/E ratio of 15.68. Its forward P/E is 11.49, and the beta is 1.388. The stock has experienced a 52-week low of $401.90 and a high of $638.55. The 50-day moving average stands at $546.26, while the 200-day moving average is $488.51. The company maintains a strong current ratio of 3.872 and a quick ratio of 3.634, with a debt-to-equity ratio at 423.261.

Recent Earnings

Credit Acceptance Corporation reported revenue of approximately $1.28 billion, with a growth rate of 12.7%. The company achieved an EPS of $40.11 and a net margin of 35.5%. Its return on equity stands at 28.1%. The next earnings report is scheduled for July 30, 2026.

Insider Buying and Selling at Credit Acceptance Corporation

On June 25, 2026, Nicholas Elliott, Chief Transformation Officer, purchased 1,183 shares at an average price of $333.94, totaling about $395,051. On the same day, Erin Kerber, Chief Legal Officer, bought 2,937 shares at $403.37 each. Both transactions were not part of pre-planned trading schemes.

Analysts Set New Price Targets

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

About Credit Acceptance Corporation

Credit Acceptance Corporation, based in Southfield, Michigan, provides financing programs and related services across the United States. Founded in 1972, it partners with automobile dealers to advance money in exchange for servicing consumer loans and also purchases loans from dealers. The company is involved in reinsuring coverage under vehicle service contracts and serves both independent and franchised dealers. Led by CEO Vinayak R. Hegde, Credit Acceptance employs over 2,300 people.

Bottom Line

Nicholas Elliott's recent share purchase highlights insider confidence in Credit Acceptance Corporation. Investors track such insider moves as potential indicators of a company's future performance. However, it's important to remember that these transactions are reported after the fact and may not reflect current positions.