Credit Acceptance (CACC) CLO Erin Kerber Buys $2.3M of Stock
Chief Legal Officer Erin Kerber purchased shares valued at over $2.3 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Erin Kerber, Chief Legal Officer at Credit Acceptance Corporation ($CACC), bought 5,720 shares at an average price of $403.33, worth about $2.31 million, on June 26, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $CACC is up 4.5% after 1 week, down 12.1% after 1 month and down 14.0% to date (from the $628.86 close on Jun 26, 2026).
CACC
Credit Acceptance Corporation
Key Points
- Erin Kerber, the Chief Legal Officer of Credit Acceptance Corporation, bought 5,720 shares on June 26, 2026, for about $2.31 million.
- The stock is currently trading at $636.74, well above its 52-week low of $401.90.
- Analysts maintain a 'Hold' rating on the stock, with a mean price target of $636.67.
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Insider Buying and Selling at Credit Acceptance Corporation
On June 26, 2026, Erin Kerber, the Chief Legal Officer of Credit Acceptance Corporation (CACC) on NasdaqGS, bought 5,720 shares at an average price of $403.33. This purchase totaled about $2.31 million, reflecting her confidence in the company’s future.
Recent Insider Activity
Kerber's buy comes amid other notable insider transactions at Credit Acceptance. On the same day, Nicholas Elliott, the Chief Transformation Officer, sold 2,306 shares in a planned transaction. Earlier on June 24, 2026, Jay Martin, the Chief Financial Officer, made headlines by purchasing 3,000 shares for over $1 million. Additionally, Martin sold 3,000 shares for about $1.8 million on the same day. These trades indicate a mix of buying and selling among executives at the company.
How Credit Acceptance Corporation Stock Has Traded
Credit Acceptance's stock is currently priced at $636.74, which is significantly above its 52-week low of $401.90. The stock's performance is notable, particularly as it has seen fluctuations between a high of $668.86 and a low of $401.90 over the past year. Given the recent insider transactions, investors might be paying closer attention to how these activities align with the company's stock performance.
Analysts Set New Price Targets
Analysts have maintained a 'Hold' rating on Credit Acceptance, with TD Cowen adjusting its price target to $590.00 on October 6, 2026, down from $600.00. The firm's previous target was $575.00 on July 7, 2026. This consensus suggests a cautious approach as the stock trades near its target mean price of $636.67.
What Credit Acceptance Corporation Does
Credit Acceptance Corporation provides financing programs and related services primarily for automobile dealers in the United States. The company buys consumer loans from dealers and services those loans, making it a key player in the credit services industry. This recent insider activity may reflect the executives' outlook on the company's prospects amid changing market conditions.
What's Next for Credit Acceptance Corporation
Looking ahead, investors will be focused on the next earnings report scheduled for October 29, 2026. As always, the backward-looking nature of insider trading and 13F filings means these transactions might not represent current positions. The ongoing insider activity could offer insights into how executives view the company's future performance.
Related Filing Alerts
Source: Erin Kerber's Form 4 filing on $CACC (Jun 26, 2026). Find the original filing: CACC Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts