Jonathan Lum Sells Shares of Credit Acceptance Corporation
Credit Acceptance's COO, Jonathan Lum, sold 6,000 shares on June 24.
Key Points
- Jonathan Lum, COO of Credit Acceptance Corporation, sold 6,000 shares on June 24, 2026.
- Shares of NasdaqGS:CACC traded near $628.86 on Saturday with a market cap of $6.58 billion.
- Analysts from TD Cowen and Stephens & Co. have maintained their ratings with targets between $500 and $540.
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On June 24, 2026, Jonathan Lum, the Chief Operating Officer of Credit Acceptance Corporation, sold 6,000 shares of the company's stock. The shares traded on the NasdaqGS under the ticker CACC. The stock was priced near $628.86 on the day of the transaction.
Insider Buying and Selling at Credit Acceptance Corporation
In addition to Jonathan Lum's transaction, other recent insider activities include sales by Nicholas Elliott, Chief Transformation Officer, who sold 1,183 shares on June 25, 2026, at an average price of $627.01 under a planned sale. Erin Kerber, Chief Legal Officer, also sold 2,937 shares on the same day under a planned sale.
Credit Acceptance Corporation Stock Up 5.7%
Shares of Credit Acceptance Corporation (NasdaqGS:CACC) traded near $628.86 on Saturday. The company has 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 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. It has a beta of 1.39, indicating moderate volatility compared to the market. The company's current ratio is 3.87, and its debt-to-equity ratio stands at 423.26.
$CACC stock price
Daily closing prices, year to date. Not investment advice.
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. Previously, on April 17, 2026, Stephens & Co. also maintained a hold rating, setting a target price of $540. The consensus among analysts is a target mean price of $536.67.
About Credit Acceptance Corporation
Credit Acceptance Corporation, headquartered in Southfield, Michigan, provides auto financing programs and related services in the United States. Founded in 1972, the company partners with automobile dealers to offer financing solutions, advancing money to dealers in exchange for servicing consumer loans. It also purchases consumer loans from dealers and reinsures coverage under vehicle service contracts. Led by CEO Vinayak R. Hegde, Credit Acceptance serves both independent and franchised auto dealerships and employs over 2,300 people.
Bottom Line
Jonathan Lum's recent sale of shares is part of ongoing insider activity at Credit Acceptance Corporation. Investors often track insider transactions for potential insights into company sentiment. However, insider sales can occur for many reasons and do not necessarily indicate negative prospects. As always, it's important to consider a range of factors when evaluating a company's stock.
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