Director Kenneth Booth Sells $4.43M in Stock After Option Exercise
CACC sits 39% above its 52-week low of $401.9.
Summary
Director Kenneth Booth sold $4.43 million worth of Credit Acceptance Corp stock after exercising options, contributing to a pattern of insider selling.
Key Events · Ownership and Investor Activity · CACC
-
Director Sells Shares
Director Kenneth Booth sold 8,000 shares of common stock for a total of $4,432,000.00 on May 18-19, 2026.
-
Option Exercise Preceded Sale
The sale followed the exercise of 8,000 employee stock options at an exercise price of $333.94 per share, totaling $2,671,520.00.
-
Transaction Near 52-Week High
The transaction occurred while the stock is trading near its 52-week high of $565.14, potentially indicating the insider is locking in gains.
-
Adds to Insider Distribution Trend
This sale contributes to a net insider distribution of over $23 million in open-market sales over the last 90 days, as noted in recent insider activity.
Analysis · CACC · Finance
Director Kenneth Booth exercised options and immediately sold a significant amount of stock, totaling $4.43 million. This transaction, occurring near the company's 52-week high, represents a substantial liquidity event for the insider and adds to the recent trend of insider distribution.
At the time of this filing, CACC was trading at $557.94 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $401.90 to $565.14. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.