Tuesday, March 06, 2018 10:15 PM ET
Insider Selling at Credit Acceptance (CACC) Continues with Significant Sale
An insider — Kenneth Booth, Officer — sold 4,000 shares of Credit Acceptance having a market value of approximately $1,338,000 today, as indicated in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 157,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 161,000 shares and have averaged 53,667 shares per transaction over this time period.
Insider buy/sell trading at Credit Acceptance is higher than the 7 peer company average over the last 90-day period. The Consumer Leasing peer group saw 6 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Credit Acceptance insiders was also higher. Within the peer group there were 0 shares purchased and 157,000 shares sold with company insiders disposing of 26,167 shares on average.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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