Credit Acceptance (CACC) CLO Erin Kerber Buys $1.2M of Stock

Erin Kerber Buys Credit Acceptance Stock

Credit Acceptance Corporation (NasdaqGS:CACC) recently saw notable insider activity as Chief Legal Officer Erin Kerber picked up shares. On June 25, 2026, Kerber acquired 2,937 shares of the company. The purchase came out to a total value of $1.18 million, with an average price of $403.37 per share.

Recent Insider Transactions at Credit Acceptance

This purchase fits into a wider pattern of executive trading at Credit Acceptance Corporation during late June. On June 26, 2026, Erin Kerber made headlines again by buying another 5,720 shares worth roughly $2.31 million, alongside a separate disposition of 5,720 shares on the same date. Other executives have also adjusted their holdings recently. Chief Transformation Officer Nicholas Elliott sold 2,306 shares for about $1.45 million on June 26, 2026, following an earlier sale of 3,487 shares valued at approximately $2.1 million on June 24, 2026. Chief Financial Officer Jay Martin added 3,000 shares for over $1 million on June 24, 2026, while Chief Operating Officer Jonathan Lum sold 6,000 shares on the same day.

Credit Acceptance Stock Performance

Credit Acceptance Corporation shares change hands around $628.86. The company carries a trailing P/E ratio of 12.45 and a forward P/E ratio of 10.30. Over the past year, the stock has moved within a 52-week range spanning from a low of $401.90 up to a high of $668.86.

Analysts Set New Price Targets

Wall Street firms continue to monitor the financial services provider closely. TD Cowen maintains a hold rating on Credit Acceptance Corporation, recently adjusting its price target to $590.00 on October 6, 2026, up from an earlier target of $600.00 set on August 5, 2026, and $575.00 on July 7, 2026. The broader consensus recommendation sits at hold, with a mean price target of $636.67 derived from three analyst opinions.

Credit Acceptance Business Overview

Headquartered in Southfield, Michigan, Credit Acceptance Corporation provides financing programs and related services across the United States. Founded in 1972, the firm works with automobile dealers to buy and service consumer loans, helping independent and franchised dealers offer financing solutions to car buyers.

What to Watch Next for Credit Acceptance

Investors can look ahead to the company's next earnings report scheduled for October 29, 2026, to check on ongoing financial performance. Insider transactions will continue to provide a window into how company leaders manage their personal holdings, though these reports reflect past decisions rather than future guarantees.