Jill Foss Watson, identified as a 10% owner of Credit Acceptance Corp (NASDAQ:CACC), sold a total of 11,100 shares of common stock on July 2, 2026. These transactions amounted to a total value of $7,185,656.
The shares were sold in multiple transactions at prices ranging from $646.77 to $666.22 per share. The timing of the sale is notable, as the stock is currently trading near its 52-week high of $668.86, having surged 48% year-to-date. According to InvestingPro analysis, CACC appears overvalued at current levels, with one InvestingPro Tip indicating the RSI suggests overbought territory. Investors can access 12 additional ProTips and comprehensive Fair Value analysis on InvestingPro.
The sales were conducted indirectly. A total of 6,600 shares were owned of record by Jill Foss Watson, as Trustee of the Jill Foss Watson Living Trust. An additional 4,500 shares were owned of record by Todd Watson, spouse of Jill Foss Watson, as trustee of the Jill Foss Watson Irrevocable Trust.
Following these transactions, Jill Foss Watson’s indirect holdings in Credit Acceptance Corp common stock stand at 85,607 shares through the Jill Foss Watson Living Trust and 49,346 shares through the Jill Foss Watson Irrevocable Trust.
In other recent news, Credit Acceptance Corporation reported its first-quarter 2026 earnings, posting an adjusted earnings per share of $10.71, which exceeded the analysts’ forecast of $10.5. This outcome highlights the company’s strategic focus on stabilizing its loan portfolio and improving operational efficiencies. Additionally, Credit Acceptance has extended the maturity date of its revolving secured line of credit facility from June 2028 to June 2029, and the interest rate on borrowings under this facility has been reduced. The company currently has $270.5 million outstanding under the facility. Credit AcceptanceFollowAnalyze CACCIncluded in our AI-picked strategies·Review strategies646.58▼-10.62(-1.62%)Closed·15:59:59·USD646.53▼-0.05(-0.01%)After Hours·16:29:291D1W1M6M1Y5YMaxCreated with Highcharts 11.4.813:3014:0014:3015:3016:0017:0018:0018:3019:0019:30640650660Analyze CACCIn another development, Credit Acceptance announced the appointment of Joe Billante as Chief Financial Officer, effective July 27, 2026. Billante will succeed Jay Martin, who will retire after a 23-year tenure with the company. These recent developments reflect Credit Acceptance’s ongoing efforts to strengthen its financial leadership and enhance its operational strategies.
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