Kenneth Booth - Credit Acceptance CFO and Chief Accounting Officer

CACC Stock  USD 551.55  0.05  0.01%   

CFO

Mr. Kenneth S. Booth serves as Chief Financial Officer of Credit Acceptance Corporationration Mr. Booth joined Credit Acceptance in January 2004 as Director of Internal Audit. He was named Chief Accounting Officer in May 2004 and to his present position in December 2004. From August 1991 until joining us, Mr. Booth worked in public accounting, most recently as a senior manager at PricewaterhouseCoopers LLP. since 2004.
Age 57
Tenure 20 years
Address 25505 West Twelve Mile Road, Southfield, MI, United States, 48034-8339
Phone248 353 2700
Webhttps://www.creditacceptance.com

Credit Acceptance Management Efficiency

The company has return on total asset (ROA) of 0.0394 % which means that it generated a profit of $0.0394 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1694 %, meaning that it created $0.1694 on every $100 dollars invested by stockholders. Credit Acceptance's management efficiency ratios could be used to measure how well Credit Acceptance manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.1. The current year's Return On Assets is expected to grow to 0.06. At present, Credit Acceptance's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 132.7 M, whereas Other Assets are forecasted to decline to about 313.7 M.
The company currently holds 5.07 B in liabilities with Debt to Equity (D/E) ratio of 3.15, implying the company greatly relies on financing operations through barrowing. Credit Acceptance has a current ratio of 29.55, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Credit Acceptance until it has trouble settling it off, either with new capital or with free cash flow. So, Credit Acceptance's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Credit Acceptance sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Credit to invest in growth at high rates of return. When we think about Credit Acceptance's use of debt, we should always consider it together with cash and equity.

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Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company was founded in 1972 and is headquartered in Southfield, Michigan. Credit Acceptance operates under Credit Services classification in the United States and is traded on NASDAQ Exchange. It employs 2073 people. Credit Acceptance (CACC) is traded on NASDAQ Exchange in USA. It is located in 25505 West Twelve Mile Road, Southfield, MI, United States, 48034-8339 and employs 2,232 people. Credit Acceptance is listed under Consumer Finance category by Fama And French industry classification.

Management Performance

Credit Acceptance Leadership Team

Elected by the shareholders, the Credit Acceptance's board of directors comprises two types of representatives: Credit Acceptance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Credit. The board's role is to monitor Credit Acceptance's management team and ensure that shareholders' interests are well served. Credit Acceptance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Credit Acceptance's outside directors are responsible for providing unbiased perspectives on the board's policies.
Scott Vassalluzzo, Independent Director
Wendy Rummler, Chief Officer
Douglas Busk, Senior Vice President Treasurer
Glenda Flanagan, Independent Director
Donald Foss, Chairman of the Board
Jonathan Lum, Chief Officer
Jay Martin, Senior Officer
Noah Kotch, Chief Officer
Brett Roberts, CEO and Executive Director
Ravi Mohan, Chief Officer
John Soave, CIO
Arthur Smith, Chief Analytics Officer
Steven Jones, President
Erin Kerber, Chief Officer
Andrew Rostami, Chief Officer
Daniel Ulatowski, Chief Sales Officer
Thomas Tryforos, Director, Chairman of Audit Committee, Member of Nominating Committee and Member of Executive Compensation Committee
Kenneth Booth, CFO and Chief Accounting Officer
Charles Pearce, Chief Legal Officer and Corporate Secretary
Nicholas Elliott, Chief Officer

Credit Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Credit Acceptance a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Credit Acceptance

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Credit Acceptance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Credit Acceptance will appreciate offsetting losses from the drop in the long position's value.

Moving together with Credit Stock

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The ability to find closely correlated positions to Credit Acceptance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Credit Acceptance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Credit Acceptance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Credit Acceptance to buy it.
The correlation of Credit Acceptance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Credit Acceptance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Credit Acceptance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Credit Acceptance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Credit Acceptance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Credit Acceptance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Credit Acceptance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Credit Acceptance Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credit Acceptance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.
Note that the Credit Acceptance information on this page should be used as a complementary analysis to other Credit Acceptance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Credit Stock analysis

When running Credit Acceptance's price analysis, check to measure Credit Acceptance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Credit Acceptance is operating at the current time. Most of Credit Acceptance's value examination focuses on studying past and present price action to predict the probability of Credit Acceptance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Acceptance's price. Additionally, you may evaluate how the addition of Credit Acceptance to your portfolios can decrease your overall portfolio volatility.
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Is Credit Acceptance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Credit Acceptance. If investors know Credit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Credit Acceptance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.24)
Earnings Share
22.01
Revenue Per Share
69.418
Quarterly Revenue Growth
(0.11)
Return On Assets
0.0394
The market value of Credit Acceptance is measured differently than its book value, which is the value of Credit that is recorded on the company's balance sheet. Investors also form their own opinion of Credit Acceptance's value that differs from its market value or its book value, called intrinsic value, which is Credit Acceptance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Credit Acceptance's market value can be influenced by many factors that don't directly affect Credit Acceptance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Credit Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credit Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credit Acceptance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.