Credit Acceptance (CACC) Insider Elliott Sells $2.1M of Stock

Insider Buying and Selling at Credit Acceptance Corporation

Nicholas Elliott, the Chief Transformation Officer at Credit Acceptance Corporation, sold 3,487 shares on June 24, 2026. The sale was valued at approximately $2,095,734.42, with an average sale price of $601.01 per share. This trade is part of a planned strategy, and it follows his previous sale of 2,306 shares just two days later, on June 26.

Other Insiders Making Moves

On the same day as Elliott's sale, Chief Financial Officer Jay Martin sold 3,000 shares at an average price of $601.04, totaling about $1,803,118.50. Additionally, Jonathan Lum, the Chief Operating Officer, sold 6,000 shares at $600.00 each, bringing in $3,600,000. On June 26, Erin Kerber, the Chief Legal Officer, bought 5,720 shares at an average price of $403.33, valued at over $2.3 million, while also selling 5,720 shares on the same day. This insider trading activity reflects a mix of buying and selling among the company's top executives.

How Credit Acceptance Corporation Stock Has Traded

Credit Acceptance Corporation's stock is currently priced at $628.86, which is quite close to its 52-week high of $668.86. This suggests that the stock has been performing well recently. The average price over the last 50 days is $592.34, indicating a strong upward trend as it moves closer to its peak.

Analysts Set New Price Targets

On October 6, 2026, TD Cowen maintained a 'Hold' rating on Credit Acceptance, with a price target of $590. This rating reflects a cautious outlook, as the firm has adjusted its targets several times in recent months. The consensus across three analyst opinions is a 'Hold' recommendation, with a mean price target of $636.67, suggesting that analysts expect stable performance in the near term.

About Credit Acceptance Corporation

Credit Acceptance Corporation provides financing programs and related services to automobile dealers in the United States. It advances money to dealers for consumer loans and buys these loans, maintaining a focus on the automotive sector. This recent insider selling activity may indicate strategic moves as the company navigates its financial landscape.

What's Ahead for Credit Acceptance Corporation

Investors will be watching for the next earnings report scheduled for October 29, 2026. As a reminder, the recent insider trades reflect past positions and may not represent current holdings. With ongoing trading activity among insiders, it will be interesting to see how these dynamics play out in the coming months.