Ultime notizie per Credit Acceptance (NASDAQ:CACC) Azioni

Credit Acceptance

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.

Credit Acceptance Corporation - Common Stock

Credit Acceptance Corp

TD Cowen analyst Moshe Orenbuch maintains Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) with a Sell and lowers the price target from $400 to $380.

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CACC

TD Cowen Maintains Sell on Credit Acceptance, Lowers Price Target to $380

Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) reported quarterly earnings of $8.79 per share which missed the analyst consensus estimate of $9.05 by 2.87 percent. The company reported quarterly sales of $550.300 million which beat the analyst consensus estimate of $545.890 million by 0.81 percent. This is a 14.98 percent increase over sales of $478.600 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Credit Acceptance Q3 2024 Adj. EPS $8.79 Misses $9.05 Estimate, Sales $550.300M Beat $545.890M Estimate

Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Credit Acceptance to report an earnings per share (EPS) of $9.05.
Credit Acceptance bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $1.38, leading to a 14.89% drop in the share price the following trading session.
Here's a look at Credit Acceptance's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>8.91</td>
<td>8.35</td>
<td>5.43</td>
<td>5.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>10.29</td>
<td>9.28</td>
<td>10.06</td>
<td>10.70</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-15.0%</td>
<td>-4.0%</td>
<td>7.000000000000001%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730224907_0.png" alt="eps graph" />
<h3>Market Performance of Credit Acceptance's Stock</h3>
Shares of Credit Acceptance were trading at $465.59 as of October 28. Over the last 52-week period, shares are up 10.56%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on Credit Acceptance</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Credit Acceptance.
Analysts have provided Credit Acceptance with 1 ratings, resulting in a consensus rating of Sell. The average one-year price target stands at $400.0, suggesting a potential 14.09% downside.
<h3>Analyzing Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of FirstCash Hldgs and Enova International, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>For FirstCash Hldgs, analysts project an Buy trajectory, with an average 1-year price target of $130.0, indicating a potential 72.08% downside.</li>
<li>Enova International is maintaining an Buy status according to analysts, with an average 1-year price target of $101.6, indicating a potential 78.18% downside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
The peer analysis summary presents essential metrics for FirstCash Hldgs and Enova International, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Credit Acceptance</td>
<td>Sell</td>
<td>12.42%</td>
<td>$330.70M</td>
<td>-2.94%</td>
</tr>
<tr>
<td>FirstCash Hldgs</td>
<td>Buy</td>
<td>0.76%</td>
<td>$395.40M</td>
<td>3.26%</td>
</tr>
<tr>
<td>Enova International</td>
<td>Buy</td>
<td>25.13%</td>
<td>$323.45M</td>
<td>3.73%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Credit Acceptance ranks at the bottom for Revenue Growth among its peers. It also has the lowest Gross Profit margin. However, it has the highest Return on Equity compared to its peers.
<h3>All You Need to Know About Credit Acceptance</h3>
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.
<h3>Financial Milestones: Credit Acceptance's Journey</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Credit Acceptance displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 12.42%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Credit Acceptance's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -8.87%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Credit Acceptance's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.94%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Credit Acceptance's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.58%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 3.82, Credit Acceptance faces challenges in effectively managing its debt levels, indicating potential financial strain.
<a href="https://www.benzinga.com/quote/CACC/earnings">To track all earnings releases for Credit Acceptance visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Credit Acceptance's Earnings

Revealing a significant insider sell on September 19, Prescott General Partners LLC, 10% Owner at Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>), as per the latest SEC filing.
What Happened: LLC's decision to sell 11,586 shares of Credit Acceptance was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000885550/000110465924101329//Archives/edgar/data/885550/000110465924101329/0001104659-24-101329-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $5,154,730.
Monitoring the market, Credit Acceptance's shares down by 0.0% at $464.21 during Friday's morning.
<h3>Discovering Credit Acceptance: A Closer Look</h3>
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.
<h3>Key Indicators: Credit Acceptance's Financial Health</h3>
Revenue Growth: Over the 3 months period, Credit Acceptance showcased positive performance, achieving a revenue growth rate of 12.42% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 62.24%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Credit Acceptance's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of -3.83.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 3.82, caution is advised due to increased financial risk.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 33.04 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 2.97, Credit Acceptance's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 42.5 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Delving Into the Significance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000885550">Check Out The Full List Of Credit Acceptance's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Insider Decision: Prescott General Partners LLC Offloads $5.15M Worth Of Credit Acceptance Stock

Thomas W Smith, 10% Owner at Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>), executed a substantial insider sell on September 11, according to an SEC filing.
What Happened: Smith's decision to sell 1,200 shares of Credit Acceptance was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000885550/000110465924098951//Archives/edgar/data/885550/000110465924098951/0001104659-24-098951-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $541,208.
Monitoring the market, Credit Acceptance's shares down by 0.0% at $420.93 during Thursday's morning.
<h3>About Credit Acceptance</h3>
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far a source of revenue.
<h3>Financial Milestones: Credit Acceptance's Journey</h3>
Revenue Growth: Credit Acceptance's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 12.42%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 62.24%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Credit Acceptance exhibits below-average bottom-line performance with a current EPS of -3.83.
</li>
</ul>
Debt Management: Credit Acceptance's debt-to-equity ratio surpasses industry norms, standing at 3.82. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 30.04 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 2.7 is above industry norms, reflecting an elevated valuation for Credit Acceptance's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 40.63, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>Delving Into the Significance of Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Understanding Crucial Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000885550">Check Out The Full List Of Credit Acceptance's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Credit Acceptance 10% Owner Sold $541K In Company Stock

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Shares of bank stocks are trading lower in possible sympathy with Ally, which fell after the company's CFO noted credit challenges among borrowers. The sector earlier reacted to Fed Vice Chair for Supervision Barr previewing Basel and GSIB surcharge re-proposals.

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Shares of bank stocks are trading lower after Fed Vice Chair for Supervision Barr unveiled Basel and GSIB surcharge re-proposals.

Credit Acceptance shares are trading lower. The company reported Q2 financial results and TD Cowen lowered its price target on the stock from $440 to $400.

TD Cowen analyst Moshe Orenbuch maintains Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) with a Sell and lowers the price target from $440 to $400.

TD Cowen Maintains Sell on Credit Acceptance, Lowers Price Target to $400

Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) reported quarterly earnings of $10.29 per share which beat the analyst consensus estimate of $8.91 by 15.49 percent. This is a 3.74 percent decrease over earnings of $10.69 per share from the same period last year. The company reported quarterly sales of $538.200 million which beat the analyst consensus estimate of $479.028 million by 12.35 percent. This is a 12.62 percent increase over sales of $477.900 million the same period last year.

Credit Acceptance Q2 2024 Adj. EPS $10.29 Beats $8.91 Estimate, Sales $538.200M Beat $479.028M Estimate

So far this year, <a href="https://www.benzinga.com/news/23/01/30593128/people-arent-keeping-up-with-car-payments-and-it-hasnt-been-this-bad-since-2009">car repossessions are up</a> 23% compared with the same period last year. 
What Happened: According <a href="https://www.bloomberg.com/news/articles/2024-07-16/car-repossessions-surge-23-as-amer[…]nd-on-payments-lyoklofb?srnd=homepage-americas&amp;sref=TBDibEcD">to</a> Bloomberg, citing data from Cox Automotive, vehicle repossessions <a href="https://www.benzinga.com/news/23/12/36097900/repo-rates-spike-are-lessons-of-the-2019-funding-crisis-being-heeded">began increasing in 2023</a>. They&#8217;re up 14% from the first half of 2019, exceeding pre-pandemic levels.
Vehicle seizures, which usually happen after three months of missed car payments, fell during the pandemic. Recall how lenders became more lenient and stimulus checks boosted borrowers' finances.
Also Read: <a href="https://www.benzinga.com/government/24/06/39453493/how-are-byd-xiaomi-and-nio-boosting-car-sales">How Are BYD, Xiaomi And Nio Boosting Car Sales?</a>
But the Federal Reserve&#8217;s refusing to cut interest rates have led to heftier car payments. The average interest rate for a new car is currently 7.3% and 11.5%, according to Edmunds data. 
As a result, the average monthly car payment has reached $739 for a new car and $549 for a used car.
The percentage of subprime auto borrowers who were at least 60 days late on their bills in June was 5.62%. That&#8217;s down just slightly from a record in February, according to Fitch Ratings, Bloomberg reported.
The Fed is expected to begin lowering its key interest rate ranging from 5.25% to 5.50% in September as inflation shows signs of cooling, a move that could give borrowers the chance to refinance or buy something else.
Price Action: Credit Acceptance Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>), a Michigan-based auto finance company, rose 3.89% to $607.72 by late-afternoon trading on Tuesday.
Exchange-traded funds (ETFs) that track Credit Acceptance also trended upward.
SRH U.S. Quality ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHRU#NYSE">SHRU</a>) gained 0.61 as IQ Candriam U.S. Mid Cap Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IQSM#NYSE">IQSM</a>) moved up 0.33% and RiverNorth Patriot ETF (FLDZ) improved 0.20%. Schwab Fundamental U.S. Small Company ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNDA#NYSE">FNDA</a>) jumped 2.94% and John Hancock Multifactor Small Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHSC#NYSE">JHSC</a>) picked up 2.63%.
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As of July 15, 2024, five stocks in the financials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Root Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>)</h3>
<ul>
<li>On June 5, TD Cowen analyst Andrew Kligerman maintained Root with a Hold and raised the price target from $11 to $51. The company's stock gained around 57% over the past month and has a <a href="https://www.benzinga.com/quote/ROOT">52-week high of $86.57</a>.</li>
<li>RSI Value: 71.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>ROOT Price Action: Shares of Root gained 9.7% to close at $69.41 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Bank of New York Mellon Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>)</h3>
<ul>
<li>On July 12, the finance behemoth reported second-quarter adjusted earnings per share of $1.51, beating the street view of $1.43. "Halfway through the year, we're pleased with the progress we have made, but we are focused on running our company better and the hard work ahead. As highlighted in our improved financial performance to-date, we are starting to demonstrate the power of BNY's franchise to our clients and shareholders, and we remain in execution mode to unlock the company's full potential," said Robin Vince, President and Chief Executive Officer. The company's stock gained around 7% over the past five days and <a href="https://www.benzinga.com/quote/BK">has a 52-week high</a> of $64.92.</li>
<li>RSI Value: 77.99</li>
<li>BK Price Action: Shares of Bank of New York Mellon gained 5.2% to close at $64.69 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Credit Acceptance Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>)</h3>
<ul>
<li>On June 20, Credit Acceptance announced the completion of $550.0 million asset-backed financing. The company's stock gained around 21% over the past month and has a <a href="https://www.benzinga.com/quote/CACC">52-week high </a> of $616.66.</li>
<li>RSI Value: 82.70</li>
<li>CACC Price Action: Shares of Credit Acceptance gained 2.9% to close at $576.77 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Northern Trust Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>)</h3>
<ul>
<li>On July 2, Goldman Sachs analyst Alexander Blostein maintained Northern Trust with a Neutral and lowered the price target from $94 to $84. The company's stock jumped around 7% over the past five days and has a 52-week high of $89.73.</li>
<li>RSI Value: 70.43</li>
<li>NTRS Price Action: Shares of Northern Trust gained 2.8% to close at $89.28 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Heartland Financial USA Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLF#NASDAQ">HTLF</a>)</h3>
<ul>
<li>On May 31, Keefe, Bruyette &amp; Woods analyst Damon Delmonte upgraded Heartland Financial from Market Perform to Outperform and raised the price target from $51 to $54. The company's stock jumped around 10% over the past five days and <a href="https://www.benzinga.com/quote/HTLF">has a 52-week high</a> of $48.57.</li>
<li>RSI Value: 72.40</li>
<li>HTLF Price Action: Shares of Heartland Financial gained 1.2% to close at $48.17 on Friday.</li>
</ul>
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Credit Acceptance Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cacc#NASDAQ">CACC</a>) is well-poised for top-line growth, supported by decent demand for auto loans, along with increases in dealer enrollments and active dealers. The company&#39;s share buyback policy also seems impressive. 
However, elevated expenses will likely hurt the company&#39;s profitability to some extent. Weak credit quality and high debt levels are other concerns. 
The Zacks Consensus Estimate for CACC&#39;s 2024 earnings has been unchanged over the past 30 days. Hence, the company currently carries a Zacks Rank #3 (Hold). 
Over the past six months, shares of Credit Acceptance have gained 8.5% compared with the 18.6% growth of the industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/15/68285.jpg?v=1265647569" /> 
Image Source: Zacks Investment Research
Looking at its fundamentals, supported by an increase in finance charges, Credit Acceptance&#39;s revenues witnessed a seven-year (2016-2023) compound annual growth rate (CAGR) of 10.1%, with the uptrend continuing in the first quarter of 2024. 
In first-quarter 2024, finance charges accounted for 92.4% of total revenues. While finance charges are likely to witness headwinds from macroeconomic factors in the near term, the same will rebound once the operating backdrop improves completely. We anticipate the company&#39;s total GAAP revenues to rise 9.5% this year, 6.3% in 2025 and 3.7% in 2026. 
As of Mar 31, 2024, CACC had total debt of $5.60 billion, significantly higher than cash and cash equivalents (including restricted cash and restricted securities) of $667.5 million. Nevertheless, the company has a revolving secured line of credit facility and some Warehouse facilities, which reflect that its current liquidity position is sufficient to meet near-term debt obligations, even if the economic situation worsens. 
Further, Credit Acceptance believes in returning capital to shareholders through stock repurchases instead of paying dividends. In August 2023, it authorized an additional 2 million shares to be repurchased. As of Mar 31, 2024, the company had 1.5 million shares left to be repurchased. Despite having a substantial debt burden, its high cash flow generating business model and low capital expenditure are likely to help sustain share buybacks. 
However, the company&#39;s operating expenses witnessed a CAGR of 10.4% over the last six years (2017-2023), with the uptrend continuing in the first quarter of 2024. The increase has been mainly due to a rise in salaries and wages, and sales and marketing expenses. Owing to the company&#39;s continued efforts to hire additional team members and sales force, expenses are expected to be elevated. We project total expenses to witness a CAGR of 5.2% over the next three years. 
Also, Credit Acceptance&#39;s asset quality has been a cause of concern. While provision for credit losses declined in 2018, the same witnessed a substantial rise in 2020 on account of the coronavirus-related concerns. The upward trend persisted in 2022, 2023 and the first three months of 2024. Given the rise in loan balances and tough macroeconomic outlook, provisions are expected to be elevated in the near term.
<h3>Stocks to Consider</h3>
A couple of better-ranked stocks from the finance space are T. Rowe Price Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trow#NASDAQ">TROW</a>) and Artisan Partners Asset Management Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apam#NYSE">APAM</a>). 
Earnings estimates for TROW have been revised 13% upward for the current year over the past 60 days. The company&#39;s share price has increased 16.9% over the past six months. TROW currently flaunts a Zacks Rank #1 (Strong Buy). 
Artisan Partners presently carries a Zacks Rank #2 (Buy). Its earnings estimates have been revised upward by 3% for the current year over the past 60 days. In the last six months, APAM&#39;s share price increased 12.1%.
<a href="https://www.zacks.com/stock/news/2284736/auto-loan-demand-aids-credit-acceptance-cacc-amid-cost-woes?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2284736">To read this article on Zacks.com click here.</a>

APAM

TROW

Auto Loan Demand Aids Credit Acceptance Amid Cost Woes

TD Cowen analyst Moshe Orenbuch maintains Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) with a Sell and lowers the price target from $465 to $420.

TD Cowen Maintains Sell on Credit Acceptance, Lowers Price Target to $420

Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) reported quarterly earnings of $9.28 per share which beat the analyst consensus estimate of $8.35 by 11.14 percent. This is a 4.43 percent decrease over earnings of $9.71 per share from the same period last year. The company reported quarterly sales of $508.000 million which beat the analyst consensus estimate of $455.758 million by 11.46 percent. This is a 11.94 percent increase over sales of $453.800 million the same period last year.

Credit Acceptance Q1 2024 Adj EPS $9.28 Beats $8.35 Estimate, Sales $508.000M Beat $455.758M Estimate

Douglas W Busk, Chief Treasury Officer at Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>), executed a substantial insider sell on February 6, according to an SEC filing.
What Happened: Busk's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000885550/000088555024000024//Archives/edgar/data/885550/000088555024000024/0000885550-24-000024-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday unveiled the sale of 500 shares of Credit Acceptance. The total transaction value is $289,990.
At Wednesday morning, Credit Acceptance shares are down by 0.0%, trading at $554.51.
<h3>Delving into Credit Acceptance's Background</h3>
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.
<h3>Credit Acceptance: A Financial Overview</h3>
Decline in Revenue: Over the 3 months period, Credit Acceptance faced challenges, resulting in a decline of approximately 0.0% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 65.87%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Credit Acceptance exhibits below-average bottom-line performance with a current EPS of 7.33.
</li>
</ul>
Debt Management: Credit Acceptance's debt-to-equity ratio stands notably higher than the industry average, reaching 2.89. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Credit Acceptance's current Price to Earnings (P/E) ratio of 25.27 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 3.94 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Credit Acceptance's EV/EBITDA ratio, surpassing industry averages at 39.71, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>Delving Into the Significance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000885550">Check Out The Full List Of Credit Acceptance's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Douglas W Busk Executes Sell Order: Offloads $289K In Credit Acceptance Stock

Highlighted on February 6, it was unveiled in an SEC filing that Rummler, Chief People Officer at Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>), executed a significant transaction involving the exercise of company stock options.
What Happened: A notable Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000885550/000088555024000020//Archives/edgar/data/885550/000088555024000020/0000885550-24-000020-index.htm">U.S. Securities and Exchange Commission</a> revealed that Rummler, Chief People Officer at Credit Acceptance, exercised stock options for 1,500 shares of CACC, resulting in a transaction value of $330,855.
During Wednesday's morning session, Credit Acceptance shares down by 0.0%, currently priced at $554.51. Considering the current price, Rummler's 1,500 shares have a total value of $330,855.
<h3>About Credit Acceptance</h3>
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.
<h3>Unraveling the Financial Story of Credit Acceptance</h3>
Revenue Growth: Credit Acceptance's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately 0.0%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 65.87%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Credit Acceptance exhibits below-average bottom-line performance with a current EPS of 7.33.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.89, caution is advised due to increased financial risk.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Credit Acceptance's current Price to Earnings (P/E) ratio of 25.27 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 3.94, Credit Acceptance's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 39.71, Credit Acceptance demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000885550">Check Out The Full List Of Credit Acceptance's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Wendy A Rummler At Credit Acceptance Decides to Exercises Options Worth $330K

In a new SEC filing on February 6, it was revealed that Kerber, Chief Legal Officer at Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>), executed a significant exercise of company stock options.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000885550/000088555024000022//Archives/edgar/data/885550/000088555024000022/0000885550-24-000022-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Kerber, Chief Legal Officer at Credit Acceptance, a company in the Financials sector, just exercised stock options worth 4,875 shares of CACC stock with an exercise price of $333.94.
The latest update on Wednesday morning shows Credit Acceptance shares down by 0.0%, trading at $554.51. At this price, Kerber's 4,875 shares are worth $1,075,278.
<h3>Get to Know Credit Acceptance Better</h3>
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.
<h3>Unraveling the Financial Story of Credit Acceptance</h3>
Revenue Growth: Credit Acceptance's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately 0.0%. This indicates a decrease in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 65.87%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Credit Acceptance's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 7.33.
</li>
</ul>
Debt Management: Credit Acceptance's debt-to-equity ratio surpasses industry norms, standing at 2.89. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Credit Acceptance's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 25.27.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 3.94 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 39.71 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000885550">Check Out The Full List Of Credit Acceptance's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Erin J Kerber At Credit Acceptance Capitalizes: Options Exercised, Resulting In $1.08M

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) fell sharply during Thursday&rsquo;s session after the company reported worse-than-expected fourth-quarter financial results.
C.H. Robinson Worldwide posted adjusted earnings of 50 cents per share, missing market estimates if 81 cents per share. The company&rsquo;s quarterly sales came in at $4.20 billion versus estimates of $4.34 billion.
C.H. Robinson Worldwide shares dipped 12.6% to $73.49 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Minim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/minm#NASDAQ">MINM</a>) shares climbed 57.3% to $6.45. David E. Lazar recently disclosed a 51% active stake in Minim.</li>
<li>Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) jumped 51% to $2.17. Clearmind Medicine announced long-term licensing agreement with BIRAD.</li>
<li>NeuroBo Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrbo#NASDAQ">NRBO</a>) climbed 52.9% to $5.00. NeuroBo Pharmaceuticals announced FDA clearance of IND for Phase 1 clinical trial of DA-1726 for the treatment of obesity.</li>
<li>FibroBiologics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fblg#NASDAQ">FBLG</a>) shares climbed 47.4% to $42.90. FibroBiologics announced direct listing on the NASDAQ.</li>
<li>Celularity Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/celu#NASDAQ">CELU</a>) rose 36% to $0.5191. Celularity said it sees FY24 net sales of $50 million to $56 million.</li>
<li>Cimpress plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmpr#NASDAQ">CMPR</a>) jumped 28.8% to $96.90 after the company reported better-than-expected second-quarter financial results and said the board authorized the repurchase of up to $150 million of company shares.</li>
<li>TuSimple Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsp#NASDAQ">TSP</a>) rose 28% to $0.2950.</li>
<li>Elevai Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elab#NASDAQ">ELAB</a>) gained 23.5% to $0.84 after gaining 8% on Wednesday.</li>
<li>Asset Entities Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asst#NASDAQ">ASST</a>) climbed 22.8% to $0.5650.</li>
<li>Kiora Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kprx#NASDAQ">KPRX</a>) shares jumped 20.4% to $0.6649. Kiora Pharmaceuticals announced a private placement of up to $45 million.</li>
<li>Evaxion Biotech A/S (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evax#NASDAQ">EVAX</a>) gained 19.5% to $4.70. Evaxion Biotech announced pricing of $15 million public offering of 3.750 million ADS at $4.00 per ADS.</li>
<li>Nextracker Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxt#NASDAQ">NXT</a>) rose climbed 18.8% to $53.79 after the company reported better-than-expected third-quarter financial results.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) jumped 18.1% to $3.5791.</li>
<li>BioRestorative Therapies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brtx#NASDAQ">BRTX</a>) gained 16.4% to $1.8850.</li>
<li>Corteva, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctva#NYSE">CTVA</a>) gained 16.2% to $52.84 after the company reported better-than-expected quarterly financial results, issued 2024 guidance and announced a $1 billion repurchase plan.</li>
<li>Nextracker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nxt#NYSE">NXT</a>) jumped 16.1% to $52.56 after the company reported better-than-expected quarterly financial results.</li>
<li>Yoshiharu Global Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yosh#NASDAQ">YOSH</a>) rose 15.9% to $5.10.</li>
<li>FuelCell Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fcel#NASDAQ">FCEL</a>) gained 15.7% to $1.3885.</li>
<li>Plug Power Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plug#NASDAQ">PLUG</a>) climbed 12.2% to $4.9900. Plug Power said it completed first customer fill of liquid green hydrogen at its Georgia plant.</li>
<li>Credit Acceptance Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cacc#NASDAQ">CACC</a>) jumped 11.9% to $605.43 following upbeat earnings.</li>
<li>Digi International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dgii#NASDAQ">DGII</a>) gained 11.7% to $27.17 following strong results.</li>
<li>Oragenics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogen#NYSE">OGEN</a>) gained 11.1% to $2.5561 after dipping around 34% on Wednesday. Oragenics recently announced termination of at-market offering program.</li>
<li>Allegro MicroSystems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algm#NASDAQ">ALGM</a>) climbed 10.9% to $28.77 following upbeat earnings.</li>
<li>Ferrari N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/race#NYSE">RACE</a>) gained 10.4% to $382.17 after the company reported fourth-quarter financial results and issued 2024 guidance.</li>
<li>Etsy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etsy#NASDAQ">ETSY</a>) rose 9.6% to $72.95 after the company announced the appointment of Elliott Investment Management&rsquo;s Marc Steinberg to its board.</li>
<li>Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>) gained 8.4% to $77.79 following upbeat earnings.</li>
<li>Sally Beauty Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbh#NYSE">SBH</a>) jumped 7.4% to $13.24 following upbeat earnings.</li>
<li>EverQuote, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ever#NASDAQ">EVER</a>) gained 7.2% to $13.53.</li>
<li>Deutsche Bank Aktiengesellschaft (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/db#NYSE">DB</a>) shares gained 6.2% to $13.65 after the company posted fourth-quarter results and announced plans to cut 3,500 jobs. Deutsche Bank plans to increase both share repurchases and dividends by at least 50% year-over-year in 2024.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Revelation Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/revb#NASDAQ">REVB</a>) shares dipped 61.1% to $3.4268 after the company announced pricing of $6.2 million public offering.</li>
<li>InVivo Therapeutics Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nviv#NASDAQ">NVIV</a>) fell 49% to $0.3267. InVivo Therapeutics Holdings and subsidiary filed for Chapter 11 bankruptcy in Delaware but plan to continue operating under court supervision as a debtor-in-possession.</li>
<li>Hesai Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsai#NASDAQ">HSAI</a>) declined 28.2% to $4.1817. Hesai Group issued a statement on the U.S. Department of Defense &quot;Chinese Military Companies&quot; list.</li>
<li>FibroBiologics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fblg#NASDAQ">FBLG</a>) fell 27.4% to $21.12.</li>
<li>Volcon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vlcn#NASDAQ">VLCN</a>) shares dipped 24.3% to $0.1020 after the company announced a 1-for-45 reverse stock split.</li>
<li>Peloton Interactive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) fell 22.9% to $4.2850 after the company reported mixed second-quarter financial results and issued third-quarter revenue guidance below estimates.</li>
<li>CareMax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmax#NASDAQ">CMAX</a>) fell 21.4% to $8.10.</li>
<li>ADDvantage Technologies Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aey#NASDAQ">AEY</a>) shares declined 21.3% to $1.4320.</li>
<li>Earlyworks Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elws#NASDAQ">ELWS</a>) fell 21.2% to $0.44 after surging more than 55% on Wednesday.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) shares declined 20.6% to $1.0799 after surging over 115% on Wednesday.</li>
<li>Alaunos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcrt#NASDAQ">TCRT</a>) fell 19.3% to $2.0410.</li>
<li>Rocket Lab USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rklb#NASDAQ">RKLB</a>) shares declined 18.7% to $3.9450 after the company announced a proposed offering of $275 million convertible senior notes.</li>
<li>Bullfrog AI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfrg#NASDAQ">BFRG</a>) fell 18.4% to $3.9736 after declining 9% on Wednesday. Bullfrog AI Holdings recently filed shelf offering of 786,938 shares and accompanying warrants at $6.63 per share and accompanying warrant.</li>
<li>Thermon Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thr#NYSE">THR</a>) fell 16.2% to $27.45 following third-quarter results.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psny#NASDAQ">PSNY</a>) declined 15.9% to $1.8250 after Volvo Cars said it will no longer provide further funding to the company.</li>
<li>Surmodics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srdx#NASDAQ">SRDX</a>) fell 14.9% to $29.97 following first-quarter results.</li>
<li>MaxLinear, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mxl#NYSE">MXL</a>) shares dipped 14.4% to $17.83 after reporting fourth-quarter results.</li>
<li>8x8, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eght#NASDAQ">EGHT</a>) fell 13.5% to $2.9050 following weak sales.</li>
<li>New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>) dipped 13.5% to $5.60 after multiple firms downgraded the stock following the company&#39;s fourth-quarter results.</li>
<li>IHS Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ihs#NYSE">IHS</a>) fell 11.9% to $3.5050.</li>
<li>Western Alliance Bancorporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wal#NYSE">WAL</a>) dipped 10% to $57.58.</li>
<li>Aflac Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/afl#NYSE">AFL</a>) shares declined 9.7% to $76.17 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Markel Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkl#NYSE">MKL</a>) dipped 9.4% to $1,356.53 after the company reported 2023 financial results.</li>
<li>Wolfspeed, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wolf#NYSE">WOLF</a>) shares fell 9.2% to $29.56 following the company&#39;s second-quarter earnings.</li>
<li>Valley National Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vly#NASDAQ">VLY</a>) dipped 8% to $8.85.</li>
<li>Zions Bancorporation, National Association (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zion#NASDAQ">ZION</a>) fell 6.6% to $39.12.</li>
<li>ING Groep N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ing#NYSE">ING</a>) shares declined 5.9% to $13.37 following fourth-quarter results.</li>
<li>Sanofi (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sny#NASDAQ">SNY</a>) fell 3.2% to $48.33 after the company posted fourth-quarter results and named Fran&ccedil;ois-Xavier Roger as Chief Financial Officer.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/36889477/bitcoin-falls-following-jobless-claims-data-jupiter-ftx-token-among-top-losers"> Bitcoin Falls Following Jobless Claims Data; Jupiter, FTX Token Among Top Losers</a>

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Why C.H. Robinson Shares Are Trading Lower By Over 12%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Credit Acceptance shares are trading higher after the company reported better-than-expected Q4 financial results.

Credit Acceptance Non-GAAP EPS of $8.79, revenue of $550.3M

Credit Acceptance Corporation (CACC) Q3 2024 Earnings Call Transcript

Credit Acceptance ( ($CACC) ) has released its Q3 earnings. Here is a breakdown of the information Credit Acceptance presented to its investors. Cr...

Credit Acceptance's Q3 2024 Revenue Rises Amid Challenges

TD Cowen lowered the firm's price target on Credit Acceptance (CACC) to $380 from $400 and keeps a Sell rating on the shares. The firm reduced its ...

Credit Acceptance price target lowered to $380 from $400 at TD Cowen

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Credit Acceptance initiated with an Equal Weight at Stephens

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Financing

Press Releases

Credit Acceptance Announces Completion of $600.0 Million Asset-Backed Financing

Credit Acceptance Named One of America's Top 200 Most Loved Workplaces® by Newsweek

Credit Acceptance Named a Top Workplace for Remote Work by Monster

Credit Acceptance Announces Timing of Third Quarter 2024 Earnings Release and Webcast

Credit Acceptance Again Named a Best Workplace for Women™ by Fortune

Credit Acceptance Announces Third Quarter 2024 Results

Credit Acceptance Named a 2024 Top Workplace in Michigan by the Detroit Free Press

Credit Acceptance Announces Increase and Extension of Revolving Secured Warehouse Facility

Credit Acceptance Celebrates its 10th Year as a Best Place to Work in IT by Computerworld

Credit Acceptance Announces Completion of $300.0 Million Asset-Backed Financing

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