Credit Acceptance Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 93.63
Dividend & YieldN/A$ (N/A)
Beta 1.37
Market capitalization 6.09B
Operating cash flow 1.08B
ESG Scores unknown

Company description

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was founded in 1972 and is headquartered in Southfield, Michigan.

Sector: Financial Services - Industry: Credit Services

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 41.6M 17.3M -18.4M -10.7M
Total Cashflows From Investing Activities -1.24B -1.02B -673.5M 437.3M
Net Borrowings 749.7M 726.8M 67.1M 8.5M
Total Cash From Financing Activities 599.9M 400.3M -433.2M -1.47B
Change To Operating Activities -4.4M 6M 1.5M -19.8M
Issuance Of Stock 11.8M 11.8M 11.8M 11.8M
Net Income 574M 656.1M 421M 958.3M
Change In Cash 65.5M 188.4M -121.5M 38M
Effect Of Exchange Rate
Total Cash From Operating Activities 703.9M 812.3M 985.2M 1.07B
Depreciation 19.5M 22.4M 23.8M 26.3M
Change To Account Receivables
Other Cashflows From Financing Activities -20.7M -26.1M -19.5M -17.2M
Change To Netincome 116.3M 171.1M 638.1M 77.5M
Capital Expenditures -25.1M -26.8M -8.5M -7.6M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 755.1M 855.9M 549.5M 1.26B
Net Income 574M 656.1M 421M 958.3M
Selling General Administrative 291.2M 328.6M 325.6M 383.7M
Gross Profit 1.05B 1.19B 882.5M 1.64B
Ebit
Operating Income 755.1M 857.7M 556.9M 1.26B
Interest Expense
Income Tax Expense 181.1M 199.8M 128.5M 302.6M
Total Revenue 1.07B 1.22B 920.4M 1.68B
Cost Of Revenue 26M 30.1M 37.9M 38.8M
Total Other Income ExpenseNet -3.6M -7.4M
Net Income From Continuing Ops 574M 656.1M 421M 958.3M
Net Income Applicable To Common Shares 574M 656.1M 421M 958.3M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 4.25B 5.07B 5.19B 5.23B
Total Stockholder Equity 1.99B 2.36B 2.3B 1.82B
Other Current Liabilities 47.4M 46.1M 51M 47.2M
Total Assets 6.24B 7.42B 7.49B 7.05B
Common Stock 200k 200k 200k 100k
Other Current Assets 303.6M 330.3M 380.2M 410.9M
Retained Earnings 1.84B 2.2B 2.14B 1.63B
Treasury Stock -300k 800k 1.6M 200k
Cash 25.7M 187.4M 16M 23.3M
Total Current Liabilities 188.9M 206.6M 186.9M 174.7M
Other Stockholder Equity -300k 800k 1.6M 200k
Property, Plant, and Equipment 40.2M 59.7M 59.4M 57.3M
Total Current Assets 6.1B 7.27B 7.33B 6.88B
Net Tangible Assets 1.99B 2.36B 2.3B 1.82B
Net Receivables 5.77B 6.75B 6.93B 6.45B
Accounts Payable 141.5M 160.5M 135.9M 125.6M


Insider Transactions

Here are the insider transactions of stock shares related to Credit Acceptance Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
VASSALLUZZO SCOTT JSale at price 483.77 per share.I2022-11-16Director and Beneficial Owner of more than 10% of a Class of Security12k
SMITH THOMAS WILLIAMSale at price 505.74 per share.I2022-11-14Beneficial Owner of more than 10% of a Class of Security20k
SMITH THOMAS WILLIAMSale at price 482.54 per share.I2022-11-10Beneficial Owner of more than 10% of a Class of Security40k
PRESCOTT GENERAL PARTNERS L L CSale at price 441.46 - 446.34 per share.I2022-11-08Beneficial Owner of more than 10% of a Class of Security75k
ROSTAMI ANDREW KStock Award(Grant) at price 0.00 per share.D2022-10-31Officer4k
PRESCOTT GENERAL PARTNERS L L CSale at price 604.99 per share.I2022-05-17Beneficial Owner of more than 10% of a Class of Security11.21k
PRESCOTT GENERAL PARTNERS L L CSale at price 587.29 per share.I2022-05-11Beneficial Owner of more than 10% of a Class of Security14.65k
PRESCOTT GENERAL PARTNERS L L CSale at price 597.21 - 608.37 per share.I2022-05-06Beneficial Owner of more than 10% of a Class of Security49.63k
BUSK DOUGLAS WSale at price 616.31 - 627.91 per share.D2022-05-04Officer5k
BUSK DOUGLAS WConversion of Exercise of derivative security at price 333.94 per share.D2022-05-04Officer5k
FLANAGAN GLENDA JStock Award(Grant) at price 0.00 per share.D2022-01-28Director300
SMITH THOMAS WILLIAMStock Gift at price 0.00 per share.I2021-12-21Beneficial Owner of more than 10% of a Class of Security20k
SMITH THOMAS WILLIAMSale at price 649.68 per share.I2021-12-10Beneficial Owner of more than 10% of a Class of Security1.1k
TRYFOROS THOMAS NSale at price 660.28 - 661.14 per share.I2021-12-09Director2.35k
TRYFOROS THOMAS NSale at price 660.32 - 663.10 per share.I2021-12-08Director12.65k
SMITH THOMAS WILLIAMSale at price 648.50 per share.I2021-12-02Beneficial Owner of more than 10% of a Class of Security7k
SMITH THOMAS WILLIAMSale at price 653.12 - 672.51 per share.I2021-11-11Beneficial Owner of more than 10% of a Class of Security3k
SMITH ARTHUR LSale at price 647.42 - 661.92 per share.D2021-11-10Officer2.47k
TRYFOROS THOMAS NSale at price 652.13 - 702.20 per share.I2021-11-08Director3.03k
BOOTH KENNETH SSale at price 668.00 - 700.00 per share.D2021-11-05Chief Executive Officer5.5k
ULATOWSKI DANIEL ASale at price 701.91 per share.D2021-11-05Officer1k
FOSS DONALD ASale at price 670.94 - 691.76 per share.D2021-11-04Beneficial Owner of more than 10% of a Class of Security39k
ULATOWSKI DANIEL ASale at price 691.00 per share.D2021-11-04Officer1k
BUSK DOUGLAS WSale at price 661.14 - 664.03 per share.D2021-11-03Officer1.39k
LUM JONATHANStock Gift at price 0.00 per share.D2021-11-03Chief Operating Officer250
LUM JONATHANSale at price 665.85 - 678.67 per share.D2021-11-03Chief Operating Officer2.65k
PRESCOTT GENERAL PARTNERS L L CSale at price 650.46 - 651.19 per share.I2021-09-09Beneficial Owner of more than 10% of a Class of Security32.4k
BUSK DOUGLAS WSale at price 635.14 per share.D2021-09-02Officer500
BOOTH KENNETH SSale at price 659.75 - 661.33 per share.D2021-09-02Chief Executive Officer3k
MARTIN JAY D.Sale at price 653.44 - 654.92 per share.D2021-09-02Officer2k
ULATOWSKI DANIEL ASale at price 600.00 per share.D2021-09-01Officer1.5k
WATSON JILL FOSSSale at price 558.46 - 564.02 per share.I2021-08-13Beneficial Owner of more than 10% of a Class of Security5k
WATSON JILL FOSSSale at price 555.54 - 562.28 per share.I2021-08-12Beneficial Owner of more than 10% of a Class of Security10k
WATSON JILL FOSSSale at price 547.42 - 549.48 per share.I2021-08-10Beneficial Owner of more than 10% of a Class of Security15k
WATSON JILL FOSSSale at price 548.56 - 557.05 per share.I2021-08-09Beneficial Owner of more than 10% of a Class of Security13.5k
WATSON JILL FOSSSale at price 548.44 - 558.62 per share.I2021-08-09Beneficial Owner of more than 10% of a Class of Security1.5k
WATSON JILL FOSSSale at price 551.65 - 557.54 per share.I2021-08-06Beneficial Owner of more than 10% of a Class of Security5k
BUSK DOUGLAS WSale at price 510.26 - 540.19 per share.D2021-08-04Officer1k
ULATOWSKI DANIEL ASale at price 550.00 per share.D2021-08-04Officer1.5k
WATSON JILL FOSSSale at price 536.48 - 543.79 per share.I2021-08-03Beneficial Owner of more than 10% of a Class of Security7.6k
ULATOWSKI DANIEL ASale at price 500.00 per share.D2021-08-02Officer1.5k
SMITH ARTHUR LSale at price 500.00 - 525.00 per share.D2021-08-02Officer2k
WATSON JILL FOSSSale at price 470.31 - 480.13 per share.I2021-07-23Beneficial Owner of more than 10% of a Class of Security10k
WATSON JILL FOSSSale at price 466.32 - 475.98 per share.I2021-07-21Beneficial Owner of more than 10% of a Class of Security11.1k
WATSON JILL FOSSSale at price 465.54 - 476.66 per share.I2021-07-20Beneficial Owner of more than 10% of a Class of Security8.9k
SMITH ARTHUR LSale at price 475.00 per share.D2021-07-20Officer1k
WATSON JILL FOSSSale at price 451.63 - 464.35 per share.I2021-07-16Beneficial Owner of more than 10% of a Class of Security10k
WATSON JILL FOSSSale at price 450.39 - 459.68 per share.I2021-07-12Beneficial Owner of more than 10% of a Class of Security21.6k
WATSON JILL FOSSSale at price 443.36 - 447.94 per share.I2021-07-09Beneficial Owner of more than 10% of a Class of Security18k
WATSON JILL FOSSSale at price 443.36 - 447.94 per share.I2021-07-09Beneficial Owner of more than 10% of a Class of Security10.8k
SMITH ARTHUR LSale at price 450.00 per share.D2021-06-24Officer1k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Credit Acceptance Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Credit Acceptance Corp

Here is the result of two systematic investment strategies applied to Credit Acceptance Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Credit Acceptance Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Credit Acceptance Corp:

Credit Acceptance Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 76.1% on the backtest period.

Performance at glance

Performance

76.1 %

Latent gain

2074.79 $

Invested capital

2726.51 $

Annualized return

18.56 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Credit Acceptance Corp

This is the result of two momentum investment strategies applied to Credit Acceptance Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Credit Acceptance Corp

The following chart shows all the entries opened by the momentum investment system on Credit Acceptance Corp:

Credit Acceptance Corp momentum entries
  • The first momentum investment strategy would give 67.91% of return on Credit Acceptance Corp. That represents 6657.75$ of latent gain with 9803.85$ of employed capital.
  • The second momentum investment strategy would give 62.9% of return on Credit Acceptance Corp. That represents 2913.32$ of latent gain with 4631.58$ of employed capital.
Performance at glance (1Q Momentum)

Performance

67.91 %

Latent gain

6657.75 $

Invested capital

9803.85 $

Annualized return

38.7 %
Performance at glance (2Q Momentum)

Performance

62.9 %

Latent gain

2913.32 $

Invested capital

4631.58 $

Annualized return

17.38 %

Momentum equity curve on Credit Acceptance Corp

The following chart shows the equity curve of the two momentum strategies applied to Credit Acceptance Corp:

Credit Acceptance Corp momentum equity

Note: the dividends potentially given by Credit Acceptance Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Credit Acceptance Corp

The following chart shows the employed capital evolution of the two momentum strategies on Credit Acceptance Corp since the beginning:

Credit Acceptance Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Credit Acceptance Corp

Buy the dip entry openings on Credit Acceptance Corp

Credit Acceptance Corp

The performance achieved by the robo-advisor on Credit Acceptance Corp is 81.28%. That represents 1230.15$ of latent gain with 1513.45$ of employed capital. The following chart shows Credit Acceptance Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Credit Acceptance Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

81.28 %

Latent gain

1230.15 $

Invested capital

1513.45 $

Annualized return

38.7 %

Equity curve of the strategy applied to Credit Acceptance Corp

The following chart shows the result of the investment strategy applied to Credit Acceptance Corp:

Credit Acceptance Corp

Note: the dividends potentially given by Credit Acceptance Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Credit Acceptance Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Credit Acceptance Corp:

Credit Acceptance Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Credit Acceptance Corp

In this section, I will compare the three previous investment strategies applied to Credit Acceptance Corp.

Equity curve comparison on Credit Acceptance Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Credit Acceptance Corp investment strategy comparison

Employed capital comparison on Credit Acceptance Corp

Credit Acceptance Corp investment comparison

Performance comparison on Credit Acceptance Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 76.1% 2074.79$ 2726.51$ 18.56%
Momentum 1 quarter 67.91% 6657.75$ 9803.85$ 17.59%
Momentum 2 quarters 62.9% 2913.32$ 4631.58$ 17.38%
Non-directional 81.28% 1230.15$ 1513.45$ 38.7%
Annualized return comparison

Automatic investment

18.56 %

Momentum 1Q

17.38 %

Momentum 2Q

17.38 %

Non-directional

38.7 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Credit Acceptance Corp:

Positive correlations

Most correlated stocks this year

  • Credit Acceptance Corp

  • Most correlated stocks last 3 months

  • Credit Acceptance Corp
  • Sangamo Therapeutics Inc
  • PRIME DIVIDEND CORP. CL A

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • Direxion Daily Junior Gold Miners Index Bear -2X S
  • DRAGON MINING

  • Note: The algorithm computes the probability of correlation between Credit Acceptance Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Credit Acceptance Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Credit Acceptance Corp
    Country United States
    City Southfield
    Address 25505 West Twelve Mile Road
    Phone 248 353 2700
    Website www.creditacceptance.com
    FullTime employees 2073
    Industry Credit Services
    Sector Financial Services
    Exchange XNAS
    Ticker CACC
    Market www.nasdaq.com

    Credit Acceptance Corp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown