Jonathan Lum, an insider at Credit Acceptance Corp (CACC), sold 35,899 shares of the company on August 24, 2025, at a price of $509.79 per share, totaling approximately $18.30 million. Following this transaction, Lum retains 35,899 shares of the company.
This sale underscores the complexity of insider trading, which can stem from various personal reasons such as diversification, tax planning, or financial needs. While significant selling activity can draw attention, it does not inherently signal negative sentiment towards the company.
Insider transactions are reported to the SEC, providing transparency into the actions of company executives and board members. However, investors are encouraged to consider these transactions as part of a broader analysis, looking at patterns across multiple insiders and time periods rather than isolated events.
Credit Acceptance Corp operates in the financial services sector, specializing in dealer financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history. The company, headquartered in Southfield, Michigan, employs 2,431 full-time staff and has a market cap of $4.7 billion. With a P/E ratio of 10.30 and an EPS of 38.18, the firm is set to report its upcoming earnings on July 29, 2026, with an estimated EPS of $10.62 and revenue expectations of $540.5 million.