CREDIT ACCEP CORP MICH CACC
COM · Common Stock · CUSIP 225310101 · ISIN US2253101016
Auto finance company providing automobile loans and other related financial products
- SectorFinancials
- IndustryPersonal Credit Institutions
- HeadquartersSouthfield, MI
- Founded1972
- Websitecreditacceptance.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.2m this quarter). Holder counts are more reliable. Shares outstanding: 12.1m as of 2024-07-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $514.68. Options: 11 managers hold calls ($30.8m notional), 12 hold puts ($25.4m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 248 |
| Q4 2022 | 232 |
| Q1 2023 | 234 |
| Q2 2023 | 227 |
| Q3 2023 | 211 |
| Q4 2023 | 228 |
| Q1 2024 | 264 |
| Q2 2024 | 233 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 92 | 133 |
| Q1 2023 | 113 | 103 |
| Q2 2023 | 95 | 117 |
| Q3 2023 | 80 | 108 |
| Q4 2023 | 100 | 85 |
| Q1 2024 | 113 | 99 |
| Q2 2024 | 95 | 127 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $52.7m | $105.1m | 1.99 |
| Q4 2023 | $72.7m | $42.7m | 0.59 |
| Q1 2024 | $51.0m | $28.6m | 0.56 |
| Q2 2024 | $30.8m | $25.4m | 0.82 |
Biggest buyers
| MIG Capital, LLC | Added | +31.5k |
| BlackRock Inc. | Added | +29.2k |
| Alpha Wave Global, LP | New | +28.7k |
| BECK MACK & OLIVER LLC | Added | +18.3k |
| Alfreton Capital LLP | Added | +18.1k |
| Quantum Capital Management, LLC / NJ | Added | +15.2k |
| Smead Capital Management, Inc. | Added | +10.5k |
| Gobi Capital LLC | Added | +8.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +8.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +7.1k |
Biggest sellers
| MORGAN STANLEY | Reduced | -168.7k |
| JPMORGAN CHASE & CO | Reduced | -31.4k |
| Quadrature Capital Ltd | Sold out | -12.4k |
| Cantillon Capital Management LLC | Reduced | -12.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -10.8k |
| KIZE CAPITAL LP | Reduced | -10.0k |
| Qube Research & Technologies Ltd | Reduced | -9.9k |
| Campbell & CO Investment Adviser LLC | Reduced | -9.6k |
| CITADEL ADVISORS LLC | Reduced | -9.5k |
| Ruane, Cunniff & Goldfarb L.P. | Reduced | -9.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.9m27.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $5.1m10.0k shares |
| PEAK6 Investments LLC | Reduced | $5.0m9.7k shares |
| CITADEL ADVISORS LLC | Reduced | $2.8m5.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0m2.0k shares |
| Balyasny Asset Management L.P. | New | $823.5k1.6k shares |
| Walleye Trading LLC | Added | $772.0k1.5k shares |
| WOLVERINE TRADING, LLC | New | $514.7k1.0k shares |
| Squarepoint Ops LLC | Reduced | $411.7k800 shares |
| HRT FINANCIAL LP | New | $360.0k700 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $8.4m16.3k shares |
| PEAK6 Investments LLC | Unchanged | $6.3m12.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.2m8.2k shares |
| SpiderRock Advisors, LLC | Unchanged | $1.7m3.3k shares |
| Walleye Trading LLC | Reduced | $1.5m3.0k shares |
| Balyasny Asset Management L.P. | New | $1.2m2.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $772.0k1.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $617.6k1.2k shares |
| Squarepoint Ops LLC | Reduced | $360.3k700 shares |
| TWO SIGMA SECURITIES, LLC | New | $257.3k500 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Donald A. Foss 2009 Annuity Trust
13D · may seek influence
-0.1 pts · filed 2026-06-05
Stated purposeThis Schedule 13D is being filed to report a change in the shares beneficially owned by the Reporting Persons. The Reporting Persons intend to evaluate on an ongoing basis the investments in the Issuer and their options with respect to such investments. The Reporting Persons may from time to time, acquire additional common stock from time to time for investment purposes if market conditions are favorable, in the open market, in privately negotiated transactions or otherwise. The Reporting Persons may also dispose of some or all of the Issuer's common stock that the Reporting Persons beneficially own, periodically, by public or private sale (registered or unregistered and with or without the simultaneous sale of newly-issued common stock by the Issuer), gift, expiration of options, forfei… Full filing |
19.8% |
Watson Jill Foss
13D · may seek influence
filed 2026-06-05
Stated purposeThis Schedule 13D/A is being filed to report a change in the shares beneficially owned by the Reporting Persons. The Reporting Persons intend to evaluate on an ongoing basis the investments in the Issuer and their options with respect to such investments. The Reporting Persons may from time to time, acquire additional common stock from time to time for investment purposes if market conditions are favorable, in the open market, in privately negotiated transactions or otherwise. The Reporting Persons may also dispose of some or all of the Issuer's common stock that the Reporting Persons beneficially own, periodically, by public or private sale (registered or unregistered and with or without the simultaneous sale of newly-issued common stock by the Issuer), gift, expiration of options, forf… Full filing |
14.5% |
Prescott General Partners LLC
13D · may seek influence
+1.2 pts · filed 2026-07-07
Stated purposeItem 4 of the Schedule 13D is hereby amended and restated in its entirety as follows: "As described more fully in Item 5 below, as general partner of the Partnerships, PGP may be deemed to beneficially own 1,427,060 shares of Common Stock held by the Partnerships. PIPS may be deemed to beneficially own 41,437 shares of Common Stock held on behalf of the employee profit-sharing plan participants. Messrs. Smith and Vassalluzzo may be deemed to beneficially own 83,123 and 2,758 shares of Common Stock, respectively, in their capacities as investment managers for several managed accounts, which consist of investment accounts for: (i) a private charitable foundation established by Mr. Smith and for which Mr. Smith acts as trustee (the "Foundation") and (ii) certain family members of Mr. Vassall… Full filing |
13.6% |
| Neary John P 13G · passive investor -0.5 pts · filed 2026-08-13 | 6.3% |
| BlackRock, Inc. 13G · institution new · filed 2026-07-27 | 6.0% |
| Boston Partners 13G · institution new · filed 2026-05-14 | 5.1% |
Fell to 5% or below in the last year: Ruane, Cunniff & Goldfarb L.P. (4.9%, 2026-02-12)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $39.1m | — |
| Q1 2023 | 0 | — | 1 | $1.3m | — |
| Q2 2023 | 0 | — | 2 | $2.1m | $230.5k |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 4 | $3.1m | — |
| Q1 2024 | 0 | — | 5 | $13.8m | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| Prescott General Partners LLC 49.12% of their portfolio | 1.6m $802.9m | Unchanged |
| Cerity Partners LLC 1.11% of their portfolio | 798.0k $410.7m | Reduced -290 |
| Ruane, Cunniff & Goldfarb L.P. 5.69% of their portfolio | 708.9k $364.9m | Reduced -9.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 621.4k $319.8m | Added +4.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 484.7k $249.5m | Reduced -2.5k |
| Gobi Capital LLC 12.21% of their portfolio | 374.5k $192.8m | Added +8.8k |
| BECK MACK & OLIVER LLC 3.86% of their portfolio | 361.7k $186.2m | Added +18.3k |
| BlackRock Inc. 0.00% of their portfolio | 292.7k $150.6m | Added +29.2k |
| Cantillon Capital Management LLC 0.81% of their portfolio | 233.9k $120.4m | Reduced -12.0k |
| Smead Capital Management, Inc. 1.61% of their portfolio | 200.8k $103.4m | Added +10.5k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 179.7k $92.5m | Added +7.1k |
| ABRAMS BISON INVESTMENTS, LLC 8.84% of their portfolio | 175.0k $90.1m | Unchanged |
| RV Capital AG 17.05% of their portfolio | 137.7k $70.9m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 112.4k $57.8m | Added +2.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 108.9k $56.0m | Added +849 |
| MIG Capital, LLC 6.73% of their portfolio | 98.1k $50.5m | Added +31.5k |
| Alfreton Capital LLP 20.86% of their portfolio | 98.1k $50.5m | Added +18.1k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 92.1k $47.3m | Unchanged |
| INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV 2.97% of their portfolio | 92.0k $47.4m | Unchanged |
| Quantum Capital Management, LLC / NJ 4.61% of their portfolio | 79.1k $40.7m | Added +15.2k |
| GOODNOW INVESTMENT GROUP, LLC 4.68% of their portfolio | 78.5k $40.4m | Added +4.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 75.5k $38.9m | Added +27 |
| Crow's Nest Holdings LP 7.81% of their portfolio | 67.5k $34.7m | Unchanged |
| JARISLOWSKY, FRASER Ltd 0.21% of their portfolio | 66.8k $34.4m | Reduced -2.9k |
| KIZE CAPITAL LP 30.19% of their portfolio | 62.3k $32.1m | Reduced -10.0k |
| MORGAN STANLEY 0.00% of their portfolio | 60.1k $30.9m | Reduced -168.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 33.7k $17.4m | Added +1.7k |
| INGALLS & SNYDER LLC 0.73% of their portfolio | 32.9k $16.9m | Reduced -167 |
| Alpha Wave Global, LP 4.94% of their portfolio | 28.7k $14.8m | New |
| Hyperion Capital Advisors LP 6.82% of their portfolio | 28.2k $14.5m | Reduced -433 |
| Invesco Ltd. 0.00% of their portfolio | 27.3k $14.1m | Reduced -1.8k |
| UBS Group AG 0.00% of their portfolio | 26.6k $13.7m | Added +1.7k |
| Giverny Capital Inc. 0.55% of their portfolio | 25.1k $12.9m | Added +947 |
| WINMILL & CO. INC 4.40% of their portfolio | 25.1k $12.9m | Reduced -1.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 23.7k $12.2m | Added +951 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 23.2k $11.9m | Added +8.3k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 18.8k $9.7m | Added +6.5k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 17.8k $9.2m | Added +4.7k |
| BloombergSen Inc. 0.86% of their portfolio | 17.6k $9.1m | Reduced -584 |
| Allianz Asset Management GmbH 0.01% of their portfolio | 17.4k $9.0m | Added +4.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 16.2k $8.4m | Reduced -870 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 15.1k $7.8m | Reduced -960 |
| California Public Employees Retirement System 0.01% of their portfolio | 13.8k $7.1m | Reduced -73 |
| Swiss National Bank 0.00% of their portfolio | 13.3k $6.8m | Reduced -400 |
| Mraz, Amerine & Associates, Inc. 1.40% of their portfolio | 13.3k $6.8m | Reduced -204 |
| National Philanthropic Trust 0.13% of their portfolio | 12.9k $6.6m | Added +588 |
| Squarepoint Ops LLC 0.02% of their portfolio | 9.9k $5.1m | Reduced -5.5k |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 9.9k $5.1m | Added +2.6k |
| BLAIR WILLIAM & CO/IL 0.02% of their portfolio | 9.7k $5.0m | Added +6 |
| MARSHALL WACE, LLP 0.01% of their portfolio | 9.5k $4.9m | Added +4.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 9.4k $4.8m | Reduced -9.5k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 9.4k $4.8m | Added +226 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 9.2k $4.8m | Added +844 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 8.8k $4.5m | Added +2.3k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 8.2k $4.2m | Added +5.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.9k $4.1m | Reduced -31.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 7.9k $4.1m | Added +2.2k |
| Legal & General Group Plc 0.00% of their portfolio | 7.1k $3.7m | Reduced -3.2k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 6.7k $3.3m | Added +1.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 6.6k $3.4m | Added +253 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 6.6k $3.4m | Reduced -287 |
| CITIGROUP INC 0.00% of their portfolio | 5.7k $2.9m | Added +276 |
| Ascent Group, LLC 0.23% of their portfolio | 5.6k $2.9m | Added +611 |
| PDT Partners, LLC 0.26% of their portfolio | 5.4k $2.8m | Reduced -2.1k |
| Greenline Partners, LLC 0.40% of their portfolio | 5.1k $2.6m | Added +4.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 4.8k $2.4m | Reduced -169 |
| Gotham Asset Management, LLC 0.03% of their portfolio | 4.6k $2.4m | Unchanged |
| ERn Financial, LLC 0.18% of their portfolio | 4.2k $2.2m | Added +2.1k |
| Paralel Advisors LLC 0.10% of their portfolio | 4.1k $2.1m | Reduced -247 |
| Clarkston Capital Partners, LLC 0.04% of their portfolio | 4.0k $2.1m | Unchanged |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 3.9k $2.0m | Reduced -1.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 3.8k $2.0m | Reduced -3.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 3.5k $1.8m | Reduced -3.7k |
| Global Endowment Management, LP 0.19% of their portfolio | 3.5k $1.8m | Added +284 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 3.5k $1.8m | Reduced -17 |
| Treasurer of the State of North Carolina 0.01% of their portfolio | 3.5k $1.8m | Added +220 |
| SpiderRock Advisors, LLC 0.05% of their portfolio | 3.4k $1.7m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 3.4k $1.7m | Added +106 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.1k $1.6m | Added +25 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 3.1k $1.6m | Reduced -341 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.13% of their portfolio | 3.0k $1.6m | Reduced -2.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 3.0k $1.6m | Reduced -1.6k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 3.0k $1.5m | Reduced -532 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 3.0k $1.5m | Reduced -42 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 2.9k $1.5m | Added +386 |
| JLB & ASSOCIATES INC 0.20% of their portfolio | 2.9k $1.5m | Reduced -3.3k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 2.8k $1.5m | New |
| BARCLAYS PLC 0.00% of their portfolio | 2.8k $1.5m | Reduced -300 |
| EverSource Wealth Advisors, LLC 0.10% of their portfolio | 2.7k $1.6m | Added +2.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 2.6k $1.3m | Added +1.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 2.5k $1.3m | Reduced -359 |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.02% of their portfolio | 2.5k $1.3m | Added +9 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 2.2k $1.1m | Added +3 |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 2.2k $1.1m | Added +7 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 2.1k $1.1m | Added +292 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 2.0k $1.1m | Reduced -132 |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 2.0k $1.0m | Unchanged |
| GROUP ONE TRADING LLC 0.03% of their portfolio | 2.0k $1.0m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.9k $992.8k | Reduced -689 |
| Edgestream Partners, L.P. 0.05% of their portfolio | 1.9k $983.0k | Reduced -798 |