Credit acceptance corp chief alignment officer sells $150,600 in stock

Nicholas J. Elliott, Chief Alignment Officer at Credit Acceptance Corp (NASDAQ:CACC), recently sold 300 shares of common stock. The transaction, which took place on March 20, 2025, was executed at a price of $502 per share, totaling $150,600. The stock, currently trading at $512.02 with a market capitalization of $6.2 billion, has shown significant price volatility with a beta of 1.52. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score.

Following this sale, Elliott holds 19,384.86 shares directly. Additionally, he has indirect ownership of 306 shares through the Credit Acceptance Stock Fund of the company’s 401(k) Profit Sharing Plan and Trust. The shares owned directly include 18,373 unvested restricted stock units granted under the company’s Incentive Compensation Plan. Each restricted stock unit is equivalent to one share of Credit Acceptance Corporation’s common stock. For comprehensive insider trading analysis and more exclusive insights, investors can access detailed reports through InvestingPro, which offers extensive coverage of 1,400+ US stocks.

Elliott also retains 13,950 shares in the form of Employee Stock Options, which are exercisable at a price of $333.94 per share, with an expiration date set for December 30, 2026. The company maintains strong liquidity with a current ratio of 5.17, trading at a P/E ratio of 25.37.

In other recent news, Credit Acceptance Corporation reported impressive fourth-quarter results for 2024, with earnings per share (EPS) of $10.17, surpassing analyst expectations of $7.93. The company’s revenue reached $565.9 million, exceeding the anticipated $522.6 million. Credit Acceptance also announced an increase in its senior notes offering to $500 million, up from the initially planned $400 million. The proceeds from this offering are intended primarily to redeem existing senior notes due in 2026 and cover related fees and expenses.

In addition to financial developments, Credit Acceptance expanded its loan portfolio to a record $8.9 billion, marking a 15% increase year-over-year. The company also increased its market share in used vehicle subprime financing to 6.1%. Furthermore, Credit Acceptance added 902 new dealers, bringing its total to 10,149 active dealers. The company’s strategic moves and financial performance drew attention from analysts, with firms like TD Cowen and Janney Montgomery and Scott raising questions about recent scorecard changes and their impact on growth.

Credit Acceptance’s recent activities, including the upsized notes offering and strong earnings performance, underscore its ongoing efforts to strengthen its financial position and expand its market presence. These developments reflect the company’s strategic focus on maximizing intrinsic value and adapting to competitive dynamics in the subprime financing sector.

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