| Credit Acceptance provides financing programs that enable automobile dealers to sell vehicles to consumers. Co. refers to automobile dealers who participate in its programs as Dealers. Co. has two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, Co. advances money to Dealers in exchange for the right to service the underlying retail installment contracts (Consumer Loans). Under the Purchase Program, Co. buys the Consumer Loans from the Dealers and keeps all the amounts collected from the consumer. Co. provides Dealers the ability to provide vehicle service contracts to consumers through its relationships with Third Party Providers. We show 48 historical shares outstanding datapoints in our CACC shares outstanding history coverage, used to compute CACC market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CACC market cap history over the course of time is important for investors
interested in comparing CACC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CACC versus a peer is one thing; comparing
CACC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CACC can fluctuate over the course of history.
With this page we aim to empower investors researching CACC by allowing them to research the CACC market cap history.