Goodnow Investment Group LLC Has Trimmed Position in Credit Accep Corp Mich (CACC) by $9.50 Million as Stock Rose

June 12, 2018 - By reb123z

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. Credit Suisse Ag owns 11,727 shares. Dupont Capital Corporation accumulated 0.01% or 1,846 shares. 975 were reported by Allen Investment Lc. Principal Group reported 1,954 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa invested in 21,351 shares or 0% of the stock. Two Sigma Securities Limited Liability Company holds 771 shares. Aperio Gru Ltd Liability Co reported 1,289 shares. Advisory Ntwk Ltd Llc holds 0.02% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 932 shares. California State Teachers Retirement Systems holds 17,238 shares. Employees Retirement Sys Of Ohio holds 0.01% or 4,273 shares. Rathbone Brothers Public Ltd Llc holds 0.01% or 750 shares. Pathstone Family Office Ltd Llc holds 125 shares or 0.02% of its portfolio. Vulcan Value Partners Limited Com holds 111,725 shares or 0.3% of its portfolio. 1,952 are owned by Pub Employees Retirement Association Of Colorado. 10,435 are held by Morgan Stanley.

Since February 5, 2018, it had 0 buys, and 3 selling transactions for $1.83 million activity. On Tuesday, March 6 the insider Booth Kenneth sold $669,000. 2,500 shares were sold by Soave John S., worth $842,525 on Friday, March 16.

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 $38.70 million 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: Nasdaq.com, which released: “Recent Analysis Shows Credit Acceptance, Hanmi Financial, Upland Software, John B. Sanfilippo & Son, Green, and …” on May 25, 2018. Globenewswire.com‘s article titled: “Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing” and published on May 24, 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 rating was maintained by Jefferies on Wednesday, January 10 with “Hold”. The rating was maintained by Oppenheimer with “Buy” on Thursday, April 12. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, January 31. The rating was maintained by Stephens with “Sell” on Tuesday, January 2. Oppenheimer initiated it with “Buy” rating and $355.0 target in Monday, January 8 report. Susquehanna maintained the shares of CACC in report on Thursday, January 4 with “Hold” rating. The firm has “Hold” rating given on Tuesday, January 30 by Susquehanna.

Credit Acceptance Corporation (NASDAQ:CACC) Institutional Positions Chart

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