Large Inflow of Money Detected in Credit Acceptance Corporation

Credit Acceptance Corporation (CACC) : Credit Acceptance Corporation (CACC) had a healthy money flow of $0.45 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $0.63 million, whereas, investors only sold shares worth $0.18 million on downticks. The stock closed the day with an up-down ratio of 3.47.The money flow in the block trades to the tune of $0.1 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.1 million worth of transactions were on upticks. Credit Acceptance Corporation (CACC) stock slid $1.08 intraday and traded at 189.5, a change of -0.57% over previous days close. However, for the week, the company shares are 2.73% compared to previous weeks close.


The stock has recorded a 20-day Moving Average of 8.75% and the 50-Day Moving Average is 7.37%. Shares have dropped -26.49% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $259.53 and the one year low was seen on Nov 12, 2015. The 50-Day Moving Average price is $179.64 and the 200 Day Moving Average price is recorded at $187.61.

Credit Acceptance Corporation (NASDAQ:CACC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $192.06 and $187.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $194.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $193.33, notching a gain of 1.44% for the day. The total traded volume was 118,422 . The stock had closed at $190.58 on the previous day.

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.

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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.