 |
 Video: What is a Stock Split?
|
|
|
| Credit Acceptance provides financing programs that enable automobile dealers to sell vehicles to consumers. Co.'s financing programs are provided through a network of automobile dealers. 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 Consumer Loans. Under the Purchase Program, Co. buys the Consumer Loans from the Dealers and keeps all amounts collected from the consumer. According to our CACC split history records, Credit Acceptance has had 3 splits. | |
|
Credit Acceptance (CACC) has 3 splits in our CACC split history database. The first split for CACC took place on March 18, 1993. This was a 2 for 1
split, meaning for each share of CACC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CACC's second split took place on December 27, 1993. This was a 3 for 2
split, meaning for each 2
shares of CACC owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. CACC's third split took place on December 21, 1994. This was a 2 for 1
split, meaning for each share of CACC owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as Credit Acceptance splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the CACC split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Credit Acceptance shares, starting with a $10,000 purchase of CACC, presented on a split-history-adjusted basis factoring in the complete CACC split history.
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
03/27/2013 |
|
| End date: |
03/24/2023 |
|
| Start price/share: |
$122.75 |
|
| End price/share: |
$405.73 |
|
| Dividends collected/share: |
$0.00 |
|
| Total return: |
230.53% |
|
| Average Annual Total Return: |
12.70% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$33,044.33 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 03/18/1993 | 2 for 1
| | 12/27/1993 | 3 for 2
| | 12/21/1994 | 2 for 1
|
|
|
Free CACC Email Alerts:
