Erin Kerber Buys Shares of Credit Acceptance Corporation

On June 25, 2026, Erin Kerber, the Chief Legal Officer of Credit Acceptance Corporation, bought 2,937 shares of the company. The shares were purchased at an average price of $403.37 each, bringing the total transaction value to approximately $1.18 million. This purchase was not part of a pre-arranged trading plan.

Insider Buying and Selling at Credit Acceptance Corporation

Erin Kerber, Chief Legal Officer, made multiple transactions on June 24 and 25, 2026. On June 25, she purchased 2,937 shares at $403.37 each. The day before, she bought 8,656 shares at an average price of $403.35. These transactions were not planned under Rule 10b5-1.

Other Institutional Activity in Credit Acceptance Corporation

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

Credit Acceptance Corporation Stock Up 5.7%

Shares of NasdaqGS:CACC traded near $623.70 on Saturday. Credit Acceptance Corporation, with a market capitalization of approximately $6.52 billion, has a P/E ratio of 15.55 and a forward P/E of 11.39. The stock's beta is 1.388, indicating its volatility relative to the market. It has a 52-week low of $401.90 and a high of $630.64, with a 50-day moving average of $543.63 and a 200-day moving average of $487.96. The company's current ratio is 3.87, and its quick ratio is 3.63, with a debt-to-equity ratio of 423.26.

Recent Earnings

Credit Acceptance Corporation reported revenue of $1.28 billion, with a revenue growth rate of 12.7%. The company achieved a net margin of 35.54% and a return on equity of 28.12%. Its earnings per share stood at $40.10. The next earnings report is scheduled for July 30, 2026.

Analysts Set New Price Targets

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

About Credit Acceptance Corporation

Credit Acceptance Corporation provides financing programs and services in the United States, primarily focusing on the automotive sector. It offers loans to car dealers, allowing them to finance vehicles for consumers. The company also reinsures coverage under vehicle service contracts. Founded in 1972, Credit Acceptance is headquartered in Southfield, Michigan, and is led by CEO Vinayak R. Hegde. It employs approximately 2,314 people.

Bottom Line

Erin Kerber's recent insider purchase at Credit Acceptance Corporation highlights ongoing interest in the company's shares. Institutional activity shows mixed moves, with some funds increasing stakes while others trim positions. Investors often track insider and institutional actions for potential insights, but it's important to remember these filings are historical and may not reflect current positions.