Credit Acceptance (CACC) CFO Jay Martin Sells $1.8M of Stock

Credit Acceptance CFO Sells Shares in Late June

Credit Acceptance Corporation Chief Financial Officer Jay Martin sold 3,000 shares of the company stock on June 24, 2026. The transaction brought in roughly $1.8 million, with the shares trading at an average price of $601.04. This sale was handled through a pre-arranged trading plan, letting insiders sell shares according to a set schedule without running afoul of rules around inside information.

A Busy Month of Executive Stock Moves

This sale is part of a larger cluster of insider activity at Credit Acceptance during late June. On the very same day, Chief Operating Officer Jonathan Lum sold 6,000 shares for a total value of $3.6 million, and Chief Transformation Officer Nicholas Elliott sold 3,487 shares valued at $2.1 million. Elliott returned a few days later on June 26 to sell another 2,306 shares worth about $1.45 million. Chief Legal Officer Erin Kerber also made news on June 26 by acquiring 5,720 shares before disposing of a matching block of 5,720 shares. All of these summer transactions were carried out under planned trading arrangements.

Stock Performance and Valuation Context

Credit Acceptance shares change hands around $628.86, sitting well above their 52-week low of $401.90 and near the upper end of their 52-week high of $668.86. The company carries a price-to-earnings ratio of 12.45 based on trailing earnings, alongside a forward price-to-earnings ratio of 10.30. Its beta stands at 1.35, pointing to more price swing than the broader market.

Wall Street Ratings and Price Targets

Analyst coverage from TD Cowen shows a cautious approach to the stock through recent months. On July 7, 2026, TD Cowen maintained its hold rating while lifting its price target from $500.00 to $575.00. The firm adjusted its target higher again on August 5, 2026, to $600.00, and later moved it to $590.00 on October 6, 2026, while keeping the hold rating in place.

Financing Programs for Automobile Dealers

Founded in 1972 and headquartered in Southfield, Michigan, Credit Acceptance Corporation runs financing programs that help independent and franchised car dealers offer loans to consumers. The firm advances money to dealers in exchange for the right to service the underlying loans, and it also reinsures coverage under vehicle service contracts.

What to Watch Next for Credit Acceptance

Investors tracking executive sales can watch for future Form 4 filings with the SEC to see if other members of the leadership team adjust their holdings. The company's next quarterly earnings report is scheduled for October 29, 2026, which will offer fresh numbers on revenue and net income.