Shares of Credit Acceptance Corporation (CACC) Sees Large Inflow of Net Money Flow

Credit Acceptance Corporation (CACC) : Tuesdays money flow indicated an uptick to downtick ratio was at 1.47. The total value of inflow transactions on upticks was $14.53 million, whereas, the total value of outflow trades on downticks was $9.86 million. The total money flow was $4.67 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $2.53 million. The total value of the trades done on upticks was $2.53 million. Credit Acceptance Corporation (CACC) was trading with a -0.48% change over previous days close. It fell $0.88 during the day and reached $183.59. The stock was 0.43% compared to the previous weeks close.


The company Insiders own 24.8% of Credit Acceptance Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 100% . Institutional Investors own 48.15% of Credit Acceptance Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -0.01%. In an insider trading activity, The Securities and Exchange Commission has divulged that Foss Donald A, director officer 10% owner (Chairman) of Credit Acceptance Corp, had unloaded 400 shares at an average price of $220.1 in a transaction dated on March 9, 2016. The total value of the transaction was worth $88,040.

Shares of Credit Acceptance Corp. rose by 8.17% in the last five trading days and 4.95% for the last 4 weeks. Credit Acceptance Corp. is up 1.86% in the last 3-month period. Year-to-Date the stock performance stands at -12.61%.

Credit Acceptance Corporation (NASDAQ:CACC): stock turned positive on Tuesday. Though the stock opened at $183.78, the bulls momentum made the stock top out at $189 level for the day. The stock recorded a low of $182.23 and closed the trading day at $187.03, in the green by 1.87%. The total traded volume for the day was 389,430. The stock had closed at $183.59 in the previous days trading.

Credit Acceptance Corporation (Credit Acceptance) is a provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The Companys 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).

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