Credit Acceptance Corp. (CACC) : Investmentaktiengesellschaft Fuer Langfristige Investoren… scooped up 10,000 additional shares in Credit Acceptance Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 85,503 shares of Credit Acceptance Corp. which is valued at $16,781,674.Credit Acceptance Corp. makes up approximately 4.42% of Investmentaktiengesellschaft Fuer Langfristige Investoren…’s portfolio.
Credit Acceptance Corp. closed down -4.12 points or -2.10% at $192.15 with 2,07,605 shares getting traded on Monday. Post opening the session at $196.01, the shares hit an intraday low of $189.925 and an intraday high of $199.335 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in CACC in the latest quarter, The investment management firm added 1,038 additional shares and now holds a total of 1,480 shares of Credit Acceptance Corp. which is valued at $292,404.First Manhattan Co boosted its stake in CACC in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 300 shares of Credit Acceptance Corp. which is valued at $59,271.Horizon Kinetics reduced its stake in CACC by selling 155 shares or 5.57% in the most recent quarter. The Hedge Fund company now holds 2,627 shares of CACC which is valued at $499,104. Credit Acceptance Corp. makes up approx 0.01% of Horizon Kinetics’s portfolio. Simplex Trading sold out all of its stake in CACC during the most recent quarter. The investment firm sold 770 shares of CACC which is valued $146,292.
Many Wall Street Analysts have commented on Credit Acceptance Corp.. Credit Acceptance Corp. was Downgraded by JMP Securities to ” Mkt Underperform” on Mar 16, 2016. Company shares were Reiterated by Compass Point on Feb 16, 2016 to “Neutral”, Firm has raised the Price Target to $ 160 from a previous price target of $150 .Credit Acceptance Corp. was Downgraded by Raymond James to ” Underperform” on Feb 3, 2016.
Credit Acceptance Corporation (Credit Acceptance) is a provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The Company’s financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers and from sales to customers responding to advertisements for it products. The Company has two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program it advances money to dealer (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program the Company buys the consumer loans from the dealer (Purchased Loan) and keeps all amounts collected from the consumer. Its target market is independent and franchised automobile dealers in the United States. It provides dealers the ability to offer vehicle service contracts to consumers through its relationships with third-party providers (TPPs).