Nicholas Elliott Sells Shares of Credit Acceptance Corporation

Nicholas Elliott, the Chief Transformation Officer at Credit Acceptance Corporation, sold 3,487 shares of the company on June 24, 2026. The shares were sold at an average price of $601.01, totaling approximately $2.10 million. This transaction was part of a planned sale under a Rule 10b5-1 plan.

Insider Buying and Selling at Credit Acceptance Corporation

In addition to Elliott's sale, other insider activity includes Erin Kerber, the Chief Legal Officer, who conducted multiple transactions on June 25, 2026. Kerber sold 2,937 shares at $627.19 in a planned sale and bought the same amount at $403.37 in an unplanned transaction. Elliott also bought 1,183 shares at $333.94 in an unplanned purchase.

Other Institutional Activity in Credit Acceptance Corporation

Among institutional investors, Boston Partners increased its holdings in Credit Acceptance by 103,955 shares, bringing its total to 560,208 shares valued at approximately $237.17 million, marking a 22.8% increase. Wellington Management Group also raised its stake by 21,256 shares to a total of 258,898 shares worth about $109.63 million, reflecting an 8.9% increase. Meanwhile, Beck Mack & Oliver LLC reduced its position by 1,364 shares to 308,984 shares, valued at $130.84 million, a slight decrease of 0.4%. BlackRock, Inc. trimmed its holdings by 9,467 shares, ending with 231,633 shares valued at $98.09 million, a 3.9% decrease.

Credit Acceptance Corporation Stock Up 5.7%

Shares of NasdaqGS:CACC traded near $628.86 on Saturday. Credit Acceptance Corporation has a market capitalization of $6.58 billion and a P/E ratio of 15.68. The stock's 52-week range is between $401.90 and $638.55, with a 50-day moving average of $546.26 and a 200-day moving average of $488.51. The company's current ratio is 3.87, and its quick ratio is 3.63, with a high debt-to-equity ratio of 423.26.

Analysts Set New Price Targets

On May 6, 2026, TD Cowen maintained its hold rating on Credit Acceptance Corporation with a price target of $500. Similarly, Stephens & Co. also maintained a hold rating with a target of $540 on April 17, 2026. The consensus among analysts is to hold, with an average price target of $536.67 based on three analyst opinions.

About Credit Acceptance Corporation

Credit Acceptance Corporation, based in Southfield, Michigan, provides financing programs and related services in the United States. The company partners with automobile dealers to finance consumer loans, either advancing funds in exchange for servicing rights or purchasing the loans outright. Credit Acceptance also reinsures vehicle service contracts sold by dealers. Founded in 1972, the company is led by CEO Vinayak R. Hegde and employs over 2,300 people.

Bottom Line

Nicholas Elliott's planned sale of shares in Credit Acceptance Corporation is part of routine insider transactions. Investors often track such sales for insights, although these transactions don't necessarily indicate future stock performance. The company's stock remains actively traded, with institutional investors adjusting their positions and analysts maintaining a cautious outlook.