Erin Kerber Buys Shares in Credit Acceptance Corporation

Erin Kerber, the Chief Legal Officer of Credit Acceptance Corporation, made a significant purchase of the company's stock. On June 24, 2026, Kerber bought 8,656 shares at an average price of $403.35 each, amounting to a total investment of approximately $3.49 million. This transaction was not part of a pre-planned trading program.

Other Institutional Activity in Credit Acceptance Corporation

Prescott General Partners LLC maintained its position in Credit Acceptance Corporation, holding steady at 1,436,951 shares valued at about $608.49 million. Boston Partners, on the other hand, increased its stake by 103,955 shares, bringing its total to 560,208 shares worth approximately $237.17 million, marking a 22.8% increase. Wellington Management Group LLP also added 21,256 shares, now holding 258,898 shares valued at around $109.63 million, reflecting an 8.9% increase. Meanwhile, Beck Mack & Oliver LLC slightly reduced its holdings by 1,364 shares, ending with 308,984 shares valued at $130.84 million.

Credit Acceptance Corporation Stock Up 5.7%

Shares of Credit Acceptance Corporation (NasdaqGS:CACC) traded near $623.70 on Saturday. The company, with a market cap of approximately $6.52 billion, has a price-to-earnings ratio of 15.55 and a forward P/E of 11.39. It has a beta of 1.39, indicating higher volatility compared to the market. The stock's 52-week range is between $401.90 and $630.64, with a 50-day moving average of $543.63 and a 200-day moving average of $487.96. 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.

Recent Earnings

In its recent financial results, Credit Acceptance Corporation reported revenue of approximately $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%, with earnings per share at $40.10. The next earnings report is scheduled for July 30, 2026.

Insider Buying and Selling at Credit Acceptance Corporation

Erin Kerber, the Chief Legal Officer, has been active in trading Credit Acceptance Corporation shares. On June 24 and June 25, 2026, Kerber made several transactions, including buying 8,656 shares at $403.35 each and selling 2,937 shares at $627.19 as part of a planned sale.

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. Stephens & Co. also maintained a hold rating on April 17, 2026, with a target price of $540. The consensus among analysts is a hold rating, with a mean price target of $536.67 based on three analyst opinions.

About Credit Acceptance Corporation

Credit Acceptance Corporation, headquartered in Southfield, Michigan, operates within the financial services sector, specifically in credit services. Founded in 1972, the company provides financing programs and related services to automobile dealers across the United States. It advances funds to dealers in exchange for the right to service consumer loans and also purchases loans from dealers. The company, led by CEO Vinayak R. Hegde, employs approximately 2,314 people.

Bottom Line

Erin Kerber's recent stock purchase reflects a notable insider activity at Credit Acceptance Corporation. Investors often track insider transactions for potential signals of confidence or strategic moves. The company's stock, trading near its 52-week high, continues to be watched closely by analysts and institutional investors alike. As always, it's important to remember that insider trades are disclosed after the fact and may not indicate future performance.