As Credit Accep Corp Mich (CACC) Shares Rose, Shareholder Goodnow Investment Group LLC Has Trimmed Its Position

June 12, 2018 - By Clifton Ray

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.18, from 1.04 in 2017Q4. It dropped, as 32 investors sold CACC shares while 55 reduced holdings. 29 funds opened positions while 46 raised stakes. 11.67 million shares or 9.12% less from 12.84 million shares in 2017Q4 were reported. Manufacturers Life Insur The invested in 0% or 578 shares. California State Teachers Retirement Sys reported 17,238 shares. Dimensional Fund Advsrs Ltd Partnership invested in 0.03% or 204,745 shares. Ingalls And Snyder Ltd Liability Company stated it has 1.26% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Envestnet Asset Mngmt Incorporated invested in 2,298 shares or 0% of the stock. Mariner Limited Liability Co invested in 2,547 shares. Bank & Trust Of Montreal Can accumulated 1,019 shares. Verition Fund Management Limited Liability Corporation invested 0.02% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). 50,019 were accumulated by Quantum Capital Mgmt Lc Nj. Hanseatic Management Inc holds 0.04% or 112 shares in its portfolio. Cibc Asset Inc holds 0% or 669 shares in its portfolio. Lmr Ptnrs Limited Liability Partnership has invested 2.99% in Credit Acceptance Corporation (NASDAQ:CACC). Hsbc Public Limited Liability holds 0.05% or 111,326 shares. Smith Thomas W holds 110,678 shares. Swiss Comml Bank has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 11,777 shares.

Since February 5, 2018, it had 0 insider buys, and 3 insider sales for $1.83 million activity. Shares for $319,860 were sold by BUSK DOUGLAS W. Shares for $842,525 were sold by Soave John S..

Edward Goodnow decreased its stake in Credit Accep Corp Mich (CACC) by 14.34% based on its latest 2018Q1 regulatory filing with the SEC. Goodnow Investment Group Llc sold 28,799 shares as the company’s stock rose 13.61% while stock markets declined. The hedge fund run by Edward Goodnow held 172,059 shares of the consumer services company at the end of 2018Q1, valued at $56.85M, down from 200,858 at the end of the previous reported quarter. Goodnow Investment Group Llc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $7.10B market cap company. The stock decreased 0.02% or $0.09 during the last trading session, reaching $365.8. About 15,046 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 65.09% since June 12, 2017 and is uptrending. It has outperformed by 52.52% the S&P500.

Goodnow Investment Group Llc, which manages about $697.23M and $533.73 million US Long portfolio, upped its stake in Carvana Co by 717,525 shares to 1.69M shares, valued at $38.70M in 2018Q1, according to the filing.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on July, 30. They expect $6.47 EPS, up 23.95 % or $1.25 from last year’s $5.22 per share. CACC’s profit will be $125.58 million for 14.13 P/E if the $6.47 EPS becomes a reality. After $6.11 actual EPS reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 5.89 % EPS growth.

More news for Credit Acceptance Corporation (NASDAQ:CACC) were recently published by: Globenewswire.com, which released: “Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing” on May 24, 2018. Nasdaq.com‘s article titled: “Recent Analysis Shows Credit Acceptance, Hanmi Financial, Upland Software, John B. Sanfilippo & Son, Green, and …” and published on May 25, 2018 is yet another important article.

Credit Acceptance Corporation (NASDAQ:CACC) Ratings Coverage

Among 5 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Credit Acceptance Corp had 7 analyst reports since January 2, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, January 10 by Jefferies. The rating was initiated by Oppenheimer with “Buy” on Monday, January 8. Oppenheimer maintained it with “Buy” rating and $36500 target in Thursday, April 12 report. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, January 31. Susquehanna maintained the stock with “Hold” rating in Thursday, January 4 report. The company was maintained on Tuesday, January 2 by Stephens. Susquehanna maintained Credit Acceptance Corporation (NASDAQ:CACC) on Tuesday, January 30 with “Hold” rating.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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