Erin Kerber Increases Stake in Credit Acceptance Corp

On June 26, 2026, Erin Kerber, the Chief Legal Officer of Credit Acceptance Corporation, bought 5,720 shares of the company. The transaction was valued at approximately $2.31 million, with an average price of $403.33 per share. 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 a significant purchase of 5,720 shares on June 26, 2026, at an average price of $403.33 per share. This transaction was not under a Rule 10b5-1 plan. On the same day, Nicholas Elliott, Chief Transformation Officer, sold 2,306 shares at a price of $629.99 per share, with part of the sale conducted under a pre-arranged plan.

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 approximately $237.17 million. Wellington Management Group also expanded its position by 21,256 shares, now holding 258,898 shares worth about $109.63 million. In contrast, Beck Mack & Oliver reduced its stake by 1,364 shares, ending with 308,984 shares valued at $130.84 million. BlackRock, Inc. also trimmed its position by 9,467 shares, holding 231,633 shares worth about $98.09 million.

Credit Acceptance Corporation Stock Up 6.2%

Shares of NasdaqGS:CACC traded near $638.23 on Wednesday. Credit Acceptance Corporation has a market cap of approximately $6.58 billion and a P/E ratio of 15.68. The stock's 52-week range spans from $401.90 to $638.55, with 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.

Recent Earnings

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

Analysts Set New Price Targets

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

About Credit Acceptance Corporation

Credit Acceptance Corporation, headquartered in Southfield, Michigan, provides financing programs and related services in the U.S. Founded in 1972, the company partners with automobile dealers to offer consumer loans and reinsurance coverage under vehicle service contracts. Led by CEO Vinayak R. Hegde, the company employs over 2,300 people and works with both independent and franchised dealers.

Bottom Line

Erin Kerber's recent share purchase highlights insider confidence in Credit Acceptance Corporation. The company's strong financial position and consistent institutional interest make it a stock to watch. As always, remember that insider transactions are disclosed after the fact and should be considered as part of a broader investment strategy.