Erin Kerber Sells Shares of Credit Acceptance Corporation

Erin Kerber, the Chief Legal Officer of Credit Acceptance Corporation, has sold 8,656 shares of the company. The transaction, which took place on June 24, 2026, was part of a planned sale under Rule 10b5-1. The shares were sold at an average price of $600.94, amounting to a total value of approximately $5.2 million.

Insider Buying and Selling at Credit Acceptance Corporation

Erin Kerber's recent sale isn't her only recent transaction. On June 25, 2026, she also sold 2,937 shares at an average price of $627.19 under a planned sale. Additionally, she bought 2,937 shares at $403.37 on the same day, which wasn't part of a planned transaction.

Other Institutional Activity in Credit Acceptance Corporation

Boston Partners increased its holdings in Credit Acceptance Corporation by 103,955 shares, bringing its total to 560,208 shares, valued at about $237.2 million. Wellington Management Group LLP also added 21,256 shares, raising its stake to 258,898 shares worth approximately $109.6 million. In contrast, BlackRock, Inc. reduced its position by 9,467 shares, leaving it with 231,633 shares valued at $98.1 million. Beck Mack & Oliver LLC slightly trimmed its holdings by 1,364 shares, ending with 308,984 shares worth about $130.8 million.

Credit Acceptance Corporation Stock Up 5.7%

Shares of Credit Acceptance Corporation, trading under NasdaqGS:CACC, were priced near $623.7 on Saturday. The company has a market cap of approximately $6.52 billion and a P/E ratio of 15.55. The stock's 52-week range is between $401.9 and $630.64. It also has a 50-day moving average of $543.63 and a 200-day moving average of $487.96. The company's beta stands at 1.388, indicating moderate volatility compared to the market.

Recent Earnings

Credit Acceptance Corporation reported revenue of $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%. Its earnings per share were $40.1. The next earnings announcement is expected on July 30, 2026.

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

About Credit Acceptance Corporation

Credit Acceptance Corporation is a financial services company based in Southfield, Michigan. It provides auto financing programs and related services across the United States, working primarily with automobile dealers. Founded in 1972, the company also reinsures vehicle service contracts sold by dealers. Credit Acceptance is led by CEO Mr. Vinayak R. Hegde and employs over 2,300 people.

Bottom Line

Erin Kerber's insider sale is part of planned transactions, reflecting personal financial planning rather than a strategic company move. Credit Acceptance Corporation remains a key player in the auto finance industry, with its stock showing moderate volatility and a stable financial performance. Investors should note that insider transactions and institutional activities offer insights but aren't direct indicators of stock performance.