Nicholas Elliott Sells Shares of Credit Acceptance Corporation

Nicholas Elliott, the Chief Transformation Officer at Credit Acceptance Corporation, sold 2,306 shares of the company on June 26, 2026. This planned transaction was executed at an average price of $629.99, amounting to a total value of approximately $1.45 million.

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, a 22.8% increase. Wellington Management Group LLP also added 21,256 shares, resulting in a holding of 258,898 shares worth roughly $109.63 million, marking an 8.9% increase. Conversely, Beck Mack & Oliver LLC reduced its stake by 1,364 shares, ending with 308,984 shares valued at approximately $130.84 million, a 0.4% decrease. BlackRock, Inc. trimmed its position by 9,467 shares to 231,633 shares, valued at $98.09 million, reflecting a 3.9% decrease.

Credit Acceptance Corporation Stock Up 6.2%

Shares of NasdaqGS:CACC traded near $638.23 on Wednesday. Credit Acceptance Corporation boasts a market cap of approximately $6.58 billion, with a P/E ratio of 15.68 and a forward P/E of 11.49. The stock's 52-week range is between $401.90 and $638.55. It has a 50-day moving average of $546.26 and a 200-day moving average of $488.51. The company maintains a current ratio of 3.87 and a quick ratio of 3.63, with a debt-to-equity ratio of 423.26.

Insider Buying and Selling at Credit Acceptance Corporation

On June 26, 2026, Nicholas Elliott, Chief Transformation Officer, sold 2,306 shares at an average price of $629.99 in a planned transaction. On the same day, Erin Kerber, Chief Legal Officer, sold 5,720 shares at an average price of $629.80, also in a planned transaction.

Analysts Set New Price Targets

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

About Credit Acceptance Corporation

Credit Acceptance Corporation provides financing programs and related services in the U.S., primarily focusing on automobile dealers. It advances money to dealers in exchange for the right to service consumer loans and also purchases loans from dealers. The company, founded in 1972, is headquartered in Southfield, Michigan, and is led by CEO Vinayak R. Hegde. It employs around 2,314 people.

Bottom Line

Nicholas Elliott's sale of shares in Credit Acceptance Corporation is part of a planned transaction. Investors watch insider transactions closely for potential signals about a company's future. These activities, however, are just one piece of the puzzle, as 13F filings and analyst ratings also provide important insights. As always, these filings are backward-looking and may not reflect the current position or future plans of the insiders or the company.