Major 10% Shareholder Files Intent to Sell $56.1M in Stock
CACC sits 40% above its 52-week low of $401.9.
Summary
A 10% shareholder, Allan V. Apple, has filed a Form 144 to sell $56.1 million worth of Credit Acceptance Corp stock, continuing a trend of significant insider selling near the stock's 52-week high.
Key Events · Ownership and Investor Activity · CACC
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Intent to Sell Significant Stake
Allan V. Apple, a 10% stockholder, intends to sell 100,000 shares of common stock, valued at approximately $56.1 million, through the writing of OTC call options.
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Continues Insider Selling Trend
This filing adds to a recent pattern of substantial insider selling, with over $32 million in net sales by insiders in the last 90 days, and follows other recent Form 144 filings from officers.
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Stock Trading Near 52-Week High
The proposed sale occurs while the company's stock is trading near its 52-week high, potentially indicating the shareholder is locking in gains.
Analysis · CACC · Finance
Allan V. Apple, a 10% stockholder, has filed a Form 144 indicating an intent to sell 100,000 shares of common stock, valued at approximately $56.1 million. This proposed sale, which involves writing OTC call options, represents a significant disposition by a major shareholder, especially as the stock trades near its 52-week high. It adds to a recent pattern of substantial insider selling, despite the company's recent positive financial results and successful financing.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CACC was trading at $561.67 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.9B. The 52-week trading range was $401.90 to $579.80. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.