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Andrew K. Rostami, Chief Mktg and Product Officer at Credit Acceptance Corp (NASDAQ:CACC), sold 375 shares of common stock on June 20, 2025, at a price of $505.29, for a total transaction value of $189483. The transaction occurred with the stock trading near its 52-week range of $409-$615, in a company currently valued at approximately $5.8 billion. According to InvestingPro analysis, CACC shows strong financial health with a "GOOD" overall rating. Following the transaction, Rostami directly owns 25478.5 shares
Rostami also holds an option to purchase 16,000 shares
In other recent news, Credit Acceptance Corporation reported its first-quarter earnings for 2025, revealing an earnings per share (EPS) of $9.35, which fell short of the $9.66 forecast by analysts. However, the company slightly exceeded revenue expectations with $571.1 million against a forecast of $570.97 million. The loan portfolio also reached a record $9.1 billion, marking a 10% increase from the previous year. Additionally, Credit Acceptance Corporation conducted its Annual Meeting of Shareholders, where six directors were elected to serve until the 2026 annual meeting. Shareholders also approved the compensation of named executive officers on an advisory basis and ratified Grant Thornton LLP as the independent registered public accounting firm for fiscal year 2025. The advisory vote on executive compensation received 5,864,978 votes in favor, while the ratification of the accounting firm received 8,688,617 votes in favor. Despite the mixed earnings results, the company continues to focus on investments in technology and innovation. Analysts from firms like TD Cowen and Autonomous Research have noted the challenges Credit Acceptance faces due to economic volatility and increased competition.
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