Credit Acceptance (CACC) COO Jonathan Lum Sells $3.6M of Stock

Executive Stock Sale at Credit Acceptance

Credit Acceptance Corporation Chief Operating Officer Jonathan Lum sold 6,000 shares of the company on June 24, 2026. The transaction was executed at an average price of $600.00 per share, bringing the total value to $3.6 million. The disposal was carried out under a pre-arranged trading plan.

Busy Period of Insider Transactions

This sale is part of a wider wave of executive transactions at Credit Acceptance Corporation during late June. On the same day as Lum's transaction, Chief Financial Officer Jay Martin sold 3,000 shares at $601.04 each for a total of $1.8 million, alongside buying 3,000 shares at $333.94. Chief Transformation Officer Nicholas Elliott also sold 3,487 shares at $601.01 on June 24 for $2.1 million, and later sold another 2,306 shares on June 26 at $629.99 for $1.45 million. Chief Legal Officer Erin Kerber bought 5,720 shares at $403.33 on June 26, valued at over $2.3 million, and also reported a disposition of 5,720 shares on the same date.

Valuation and Market Position

Credit Acceptance Corporation shares recently traded at $628.86 on the NasdaqGS. The company has a trailing P/E ratio of 12.45 and a forward P/E ratio of 10.30, while its 50-day moving average sits at $592.34 and the 200-day moving average rests at $526.53. The stock has moved between a 52-week low of $401.90 and a high of $668.86.

Analysts Set New Price Targets

Wall Street firms tracking Credit Acceptance maintain a cautious outlook on the stock. TD Cowen maintained a hold rating on the company while adjusting its price targets across recent months, setting a target of $590.00 on October 6, 2026, up from earlier targets of $600.00 in August and $575.00 in July. The consensus recommendation currently stands at a hold, with a mean price target of $636.67.

Financing Programs and Business Scope

Credit Acceptance Corporation provides financing programs and related products across the United States. The firm advances funds to automobile dealers in exchange for the right to service underlying consumer loans, and also buys consumer loans directly from dealers while keeping collections. Founded in 1972 and headquartered in Southfield, Michigan, the company employs over 2,300 people.

What to Watch at Credit Acceptance Corporation

Investors will look toward the company's next earnings report scheduled for October 29, 2026, for further details on financial performance. Insider filings will continue to provide visibility into how executives manage their personal equity holdings.