Credit Acceptance (CACC) Insider Elliott Sells $1.5M of Stock

Nicholas Elliott's Recent Sale

Nicholas Elliott, the Chief Transformation Officer at Credit Acceptance Corporation (CACC), sold 2,306 shares on June 26, 2026. The sale was valued at approximately $1,452,750, with the shares selling at an average price of $629.99. This transaction is part of a planned strategy and comes as the stock trades at $636.74 on the NasdaqGS.

Insider Buying and Selling at Credit Acceptance Corporation

Elliott's sale adds to a series of insider transactions at Credit Acceptance. On the same day, Chief Legal Officer Erin Kerber purchased 5,720 shares for over $2.3 million. Additionally, on June 24, 2026, other insiders, including Chief Financial Officer Jay Martin and Chief Operating Officer Jonathan Lum, sold shares valued at over $4 million combined. Martin sold 3,000 shares for about $1.8 million, while Lum sold 6,000 shares valued at $3.6 million. These activities indicate ongoing trading among executives at the company.

How Credit Acceptance Corporation Stock Has Traded

Credit Acceptance's stock is currently priced at $636.74, which is near its 52-week high of $668.86. The stock has shown strong performance, having grown significantly since its 52-week low of $401.90. The company's market capitalization stands at about $5.86 billion, reflecting its solid position in the financial services sector.

Analysts Set New Price Targets

Analysts have maintained a hold rating on Credit Acceptance. On October 6, 2026, TD Cowen maintained its hold rating with a price target of $590. This follows earlier ratings where the target was raised from $575 to $600 on August 5, 2026. The consensus price target among analysts is $636.67, showing a cautious outlook on the stock's future performance.

About Credit Acceptance Corporation

Credit Acceptance Corporation provides financing programs and related services to automobile dealers in the United States. The company plays a key role in advancing money to dealers in exchange for servicing consumer loans, as well as buying those loans from dealers. This strategic position is crucial for its growth and profitability in the financial services industry.

What's Ahead for Credit Acceptance Corporation

Investors will be watching for Credit Acceptance's next earnings report scheduled for October 29, 2026. As a reminder, the recent insider transactions reflect positions as of June 26, 2026, and may not represent current holdings. The ongoing trading activity among insiders could provide insights into the company's future direction.