Credit Acceptance (CACC) CLO Erin Kerber Buys $3.5M of Stock

Erin Kerber's Recent Purchase

On June 24, 2026, Erin Kerber, the Chief Legal Officer of Credit Acceptance Corporation (CACC) listed on NasdaqGS, bought 8,656 shares valued at approximately $3.49 million. She acquired these shares at an average price of $403.35 each. This purchase adds to her existing stake in the company, showing her continued confidence in its prospects.

Insider Buying and Selling at Credit Acceptance Corporation

Erin Kerber has been active in the market recently. Just two days after her purchase, on June 26, 2026, she sold 5,720 shares for about $2.3 million at an average price of $403.33. This followed a series of transactions by other executives, including Jay Martin, the Chief Financial Officer, who bought 3,000 shares on the same day as Kerber's purchase, valued at over $1 million. Nicholas Elliott, the Chief Transformation Officer, also sold shares around the same time, indicating a mix of buying and selling among the leadership team.

How Credit Acceptance Corporation Stock Has Traded

Currently, Credit Acceptance's shares trade at $628.86, a substantial increase from its 52-week low of $401.90. The stock has shown resilience, moving well above its 50-day moving average of $592.34. This upward trend could reflect positive market sentiment or company performance, making Kerber's purchase particularly noteworthy.

Analysts Set New Price Targets

Analysts are generally cautious about Credit Acceptance. On October 6, 2026, TD Cowen maintained a 'Hold' rating with a price target of $590, slightly down from a previous target of $600. This followed earlier ratings adjustments throughout the summer, suggesting a steady outlook but limited expectations for rapid growth. The consensus price target among analysts is $636.67, based on three opinions, indicating moderate optimism for the stock's future performance.

What Credit Acceptance Corporation Does

Credit Acceptance Corporation provides financing solutions for automobile dealers across the United States. The company buys consumer loans from dealers and offers related products and services. Founded in 1972 and based in Southfield, Michigan, it has a significant presence in the credit services industry.

What's Ahead for Credit Acceptance Corporation

Investors will be watching for further insider activity and the next earnings report, scheduled for October 29, 2026. The recent insider transactions reflect ongoing engagement from the company's leadership, and with the 13F filings, it’s essential to remember that these reports reflect past holdings and may not represent current positions.