Insider sales are small relative to market cap and likely driven by option exercise and portfolio diversification. The securitization filing is routine for CACC's funding model. No strong bearish signal; monitor for any earnings or credit quality updates.
Price Chart
Executive Summary
Two insiders at Credit Acceptance Corp. sold a total of ~$5.94M in shares over a week, including Director Kenneth Booth and Chief Legal Officer Erin Kerber. The sales represent about 0.1% of market cap and occurred after the company filed a routine securitization agreement (Credit Acceptance Auto Loan Trust 2026-1).
Key Financial Metrics
Key Facts
- Director Kenneth Booth sold 10,000 shares ($5.52M) on May 14, 18, and 19.
- CLO Erin Kerber sold 755 shares ($415K) on May 18.
- Total open-market sales: ~$5.94M (0.1% of $5.7B market cap).
- Sales followed an 8-K filing on May 5, 2026, for a securitization trust agreement.
- Booth exercised derivative securities at $333.94/share, selling at ~$554/share.
Financial Impact
~$5.94M in insider sales; ~0.1% of market cap.
Risk Factors
- Continued insider selling could indicate management concern about future performance.
- Consumer credit environment may pressure CACC's loan portfolio.
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-1779307527700 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $545.04 | awaiting T+60 | — | $537.38 (−1.41%) |
Oct 6, 2026 20d ago | 144 | $536.58 | awaiting T+60 | — | $537.38 (+0.15%) |
Oct 1, 2026 25d ago | Court Ruling | $527.50 | awaiting T+60 | — | $537.38 (+1.87%) |
Sep 22, 2026 4w ago | Press Release | $555.13 | awaiting T+60 | — | $537.38 (−3.20%) |
Sep 18, 2026 5w ago | 8-K | $564.27 | awaiting T+60 | — | $537.38 (−4.77%) |
Sep 17, 2026 5w ago | Press Release | $590.41 | awaiting T+60 | — | $537.38 (−8.98%) |
Sep 15, 2026 5w ago | Press Release | $601.54 | awaiting T+60 | — | $537.38 (−10.67%) |
Sep 15, 2026 5w ago | Court Ruling | $601.54 | awaiting T+60 | — | $537.38 (−10.67%) |
Sep 4, 2026 7w ago | 8-K | $593.78 | awaiting T+60 | — | $537.38 (−9.50%) |
Aug 15, 2026 10w ago | Institutional Cluster | $573.09 | awaiting T+60 | — | $537.38 (−6.23%) |
US Market Status
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