Jay Martin Buys Shares of Credit Acceptance Corporation

Jay Martin, the Chief Financial Officer of Credit Acceptance Corporation, made a significant purchase on June 24, 2026. He bought 3,000 shares of the company at an average price of $333.94 each, totaling $1,001,820. This transaction was not part of a pre-arranged trading plan.

Other Institutional Activity in Credit Acceptance

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

Credit Acceptance Corporation Stock Up 5.7%

Shares of NasdaqGS:CACC traded near $628.86 on Saturday. Credit Acceptance Corporation has a market cap of approximately $6.58 billion. It maintains a P/E ratio of 15.7 and a forward P/E of 11.5, indicating investor expectations of future earnings growth. The stock's beta is 1.39, suggesting moderate volatility compared to the broader market. Over the past year, the stock has ranged from a low of $401.90 to a high of $638.55, with a 50-day moving average of $546.26 and a 200-day moving average of $488.51.

Recent Earnings

Credit Acceptance reported revenue of about $1.28 billion, reflecting a growth rate of 12.7%. The company's net margin stands at 35.5%, with a return on equity of 28.1%. Earnings per share (EPS) was $40.11. 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. Stephens & Co. also kept a hold rating on April 17, 2026, with a target of $540. The consensus among analysts is a hold rating, with an average target price of $536.67 from three analysts.

About Credit Acceptance Corporation

Credit Acceptance Corporation, headquartered in Southfield, Michigan, operates within the financial services sector, primarily offering credit services. The company provides financing programs and related products to automobile dealers, allowing them to offer loans to consumers. In addition, it purchases consumer loans from dealers and manages the collection process. The company, led by CEO Vinayak R. Hegde, employs over 2,300 people and has been in operation since 1972.

Bottom Line

Jay Martin's recent purchase underscores his confidence in Credit Acceptance Corporation's prospects. The company, well-regarded in the credit services sector, continues to attract institutional interest and analyst attention. As always, remember that insider transactions are disclosed after they occur, and 13F filings reflect past positions.