Nicholas Elliott Sells Shares of Credit Acceptance Corporation $CACC
Key Points
- Nicholas Elliott sold 36 shares of Credit Acceptance Corporation ($CACC) worth $20,806.37.
- $CACC last traded around $563.32.
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Nicholas Elliott, Chief Transformation Officer at Credit Acceptance Corporation ($CACC), sold 36 shares at an average price of $577.95, for a total transaction of $20,806.37. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Credit Acceptance Corporation Stock Down 5.3%
Shares of Credit Acceptance Corporation ($CACC) traded around $563.32 on Wednesday, down 5.3% for the day.
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About Credit Acceptance Corporation
Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. It advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. The company is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. It serves independent and franchised automobile dealers. The company was founded in 1972 and is headquartered in Southfield, Michigan.
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