The insider selling cluster is modest in size and not a strong bearish signal on its own. However, the 10% owner's large concurrent sale (per cross-filing context) warrants monitoring for any subsequent disclosures or news that may explain the selling. Traders should watch for upcoming earnings or material events that could have prompted the insider activity.
Price Chart
Executive Summary
A cluster of insider selling at Credit Acceptance Corp (CACC) totaling $1.19M was filed, with three insiders selling shares. The largest seller was a 10% owner who also executed a separate large sale of ~$7.2M on the same day per cross-filing context, though the filing itself only captures a small portion. The total selling is modest relative to the $6.9B market cap (0.02% from the filing, ~0.12% including cross-filing context), and insider sales are generally weak directional signals, so the cluster is not strongly bearish.
Key Financial Metrics
Key Facts
- Three insiders sold shares: 10% owner Watson Jill Foss (53 shares, $34K), Chief Legal Officer Erin J. Kerber (1.1K shares, $723K), and Chief Transformation Officer Nicholas J. Elliott (683 shares, $430K).
- Total selling value in the filing is $1.19M, representing approximately 0.02% of CACC's $6.9B market cap.
- Cross-filing context reveals a separate large sale by Watson Jill Foss on the same day totaling ~$7.2M across 20 trades, increasing the cluster's total to ~$8.3M (0.12% of market cap).
- Insider sales are historically weak predictors of future stock performance, especially when dollar amounts are modest relative to market cap.
Financial Impact
Total insider selling of $1.19M (filing) or ~$8.3M including cross-filing context, representing 0.02%-0.12% of market cap.
Risk Factors
- Insider selling, especially by a 10% owner, could indicate a negative outlook not yet public.
- The cluster may be part of a pre-arranged 10b5-1 plan, reducing its informational value.
- Low analyst bullishness (0% buy ratings) suggests limited upside conviction from the Street.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CACC-1783490842468 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $545.04 | awaiting T+60 | — | $545.04 (−0.00%) |
Oct 6, 2026 20d ago | 144 | $536.58 | awaiting T+60 | — | $545.04 (+1.58%) |
Oct 1, 2026 26d ago | Court Ruling | $527.50 | awaiting T+60 | — | $545.04 (+3.33%) |
Sep 22, 2026 4w ago | Press Release | $555.13 | awaiting T+60 | — | $545.04 (−1.82%) |
Sep 18, 2026 5w ago | 8-K | $564.27 | awaiting T+60 | — | $545.04 (−3.41%) |
Sep 17, 2026 5w ago | Press Release | $590.41 | awaiting T+60 | — | $545.04 (−7.68%) |
Sep 15, 2026 5w ago | Press Release | $601.54 | awaiting T+60 | — | $545.04 (−9.39%) |
Sep 15, 2026 6w ago | Court Ruling | $601.54 | awaiting T+60 | — | $545.04 (−9.39%) |
Sep 4, 2026 7w ago | 8-K | $593.78 | awaiting T+60 | — | $545.04 (−8.21%) |
Aug 15, 2026 10w ago | Institutional Cluster | $573.09 | awaiting T+60 | — | $545.04 (−4.89%) |
US Market Status
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