Credit Acceptance (CACC) Given Sell Rating at Credit Suisse Group

Mae Love
January 13, 2018

Cna Finl Corp Com now has $14.37B valuation. The latest exchange of 0.05 Million shares is below its average trading activity of 72.61 Million shares. 122,700 shares of the stock were exchanged, compared to its average volume of 149,613. Vipshop Holdings Limited (NYSE:VIPS) has risen 27.19% since January 10, 2017 and is uptrending. It has underperformed by 8.31% the S&P500.

Edward Goodnow decreased its stake in Credit Accep Corp Mich (CACC) by 2.32% based on its latest 2017Q3 regulatory filing with the SEC. Aperio Group Llc sold 7,889 shares as Cna Finl Corp Com (CNA)'s stock rose 5.99%. The institutional investor held 458,071 shares of the consumer services company at the end of 2017Q3, valued at $128.34M, down from 460,004 at the end of the previous reported quarter. Mark Sheptoff Financial Planning Llc who had been investing in Conagra Brands Inc for a number of months, seems to be less bullish one the $15.02 billion market cap company. It closed at $331.88 lastly. It has outperformed by 86.50% the S&P500. Therefore 43% are positive. The stock of Vipshop Holdings Limited (NYSE:VIPS) has "Hold" rating given on Wednesday, August 17 by Deutsche Bank.

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. The firm earned "Sell" rating on Monday, September 26 by UBS. As per Thursday, July 23, the company rating was initiated by DA Davidson. Jefferies maintained the shares of CACC in report on Wednesday, January 10 with "Hold" rating. The rating was downgraded by Citigroup to "Neutral" on Thursday, October 29. The firm earned "Hold" rating on Tuesday, August 1 by Raymond James. Credit Suisse Group raised their price objective on shares of Credit Acceptance from $200.00 to $225.00 and gave the stock an "underperform" rating in a report on Tuesday, October 31st. Jefferies Group analyst J. Hecht now expects that the credit services provider will post earnings per share of $6.67 for the year, up from their previous forecast of $6.11. Moreover, Yorktown And Research Co has 0.06% invested in The Procter & Gamble Company (NYSE:PG) for 2,700 shares. The insider McLaughlin Gregory sold $188,320. The firm has a market capitalization of $6,560.00, a PE ratio of 17.60, a P/E/G ratio of 1.30 and a beta of 0.54. Clearbridge Investments Limited Company reported 148 shares. Allen Investment Management LLC now owns 3,002 shares of the credit services provider's stock worth $772,000 after purchasing an additional 658 shares in the last quarter. 253,932 are owned by Canada Pension Plan Board. Blackrock Inc accumulated 478,152 shares or 0.01% of the stock. Fiduciary Tru accumulated 1.44% or 514,923 shares. Chicago Equity Prtn Limited accumulated 8,065 shares or 0.07% of the stock. Parametric Assocs Ltd owns 62,392 shares for 0.01% of their portfolio. Teachers Retirement System Of The State Of Kentucky invested in 0.04% or 11,269 shares. Schwab Charles Invest invested 0.01% of its portfolio in CNA Financial Corporation (NYSE:CNA). After $0.10 actual earnings per share reported by Vipshop Holdings Limited for the previous quarter, Wall Street now forecasts 50.00% EPS growth. Rathbone Brothers Plc reported 750 shares. Edgemoor Inv Advsrs has invested 1.39% of its portfolio in Realty Income Corporation (NYSE:O). Price Michael F owns 100,000 shares for 0.05% of their portfolio. Panagora Asset Management holds 1,055 shares or 0% of its portfolio. Credit Acceptance Corporation (NASDAQ:CACC) has risen 27.46% since January 10, 2017 and is uptrending. CACC's profit will be $107.07 million for 15.02 P/E if the $5.53 EPS becomes a reality. World Acceptance's revenue for the quarter was up 1.3% compared to the same quarter last year. equities analysts anticipate that World Acceptance will post 6.88 EPS for the current year.

Since August 1, 2017, it had 0 buys, and 5 selling transactions for $31.05 million activity. Therefore 8% are positive. Credit Acceptance Corp had 27 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was downgraded by Macquarie Research to "Underperform" on Wednesday, May 11. As per Tuesday, October 31, the company rating was maintained by Bank of America. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned "Neutral" rating by Compass Point on Tuesday, November 10. The rating was downgraded by Compass Point to "Sell" on Tuesday, September 6. The stock has "Neutral" rating by Susquehanna on Monday, January 23. Goldman Sachs Group Inc. now owns 138,545 shares of the credit services provider's stock valued at $35,626,000 after acquiring an additional 114,632 shares in the last quarter. TH Capital maintained the shares of CHKE in report on Tuesday, October 20 with "Buy" rating. The rating was maintained by BMO Capital Markets with "Sell" on Friday, October 6.

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Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on January, 30.

Jefferies Group also issued estimates for World Acceptance's Q4 2018 earnings at $3.23 EPS, Q1 2019 earnings at $1.72 EPS, Q2 2019 earnings at $1.60 EPS, Q3 2019 earnings at $1.05 EPS, Q4 2019 earnings at $3.32 EPS and FY2019 earnings at $7.68 EPS. Its down 0.54, from 1.22 in 2017Q2.

A number of institutional investors have recently added to or reduced their stakes in CACC. 14 funds opened positions while 38 raised stakes.

Among 5 analysts covering World Acceptance (NASDAQ:WRLD), 1 have Buy rating, 3 Sell and 1 Hold. Envestnet Asset Mngmt accumulated 2,407 shares. (NASDAQ:ENT). Tower Research Capital Limited Liability Company (Trc) holds 0% or 11,874 shares. 96 are held by Ftb Advisors Incorporated. Alliancebernstein Lp stated it has 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Qs Investors Ltd Liability Co holds 0% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC) for 733 shares. Columbia Wanger Asset Management Lc reported 99,024 shares or 0.41% of all its holdings. Renaissance Limited Liability Corp holds 428,475 shares. C M Bidwell & Associates Ltd. purchased a new stake in shares of World Acceptance in the second quarter worth approximately $211,000. Maverick holds 11,540 shares or 0.04% of its portfolio. Credit Suisse Ag has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 8,874 shares. Municipal Employees Retirement System of MI now owns 2,240 shares of the credit services provider's stock worth $186,000 after buying an additional 830 shares during the period. The stock of Credit Acceptance Corporation (NASDAQ:CACC) has "Market Underperform" rating given on Wednesday, March 16 by JMP Securities.

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