Major Shareholder Trust Disposes of $36M in Stock
CACC sits 36% above its 52-week low of $401.9.
Summary
A trust associated with major shareholder Allan V. Apple has sold 66,300 shares of Credit Acceptance Corp stock, valued at approximately $36 million, reducing its stake.
Key Events · Ownership and Investor Activity · CACC
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Significant Share Disposition
The Marital Trust U/A Donald A. Foss Trust January 16, 1981 disposed of 66,300 shares between April 13, 2026, and June 5, 2026, at prices ranging from $471.50 to $560.84 per share, totaling approximately $36 million.
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Major Shareholder Activity
Allan V. Apple, as trustee for several Donald A. Foss trusts, beneficially owns 19.8% of the company's common stock. This filing updates the actual sales by one of these significant trusts.
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Follows Prior Intent to Sell
This disposition follows recent Form 144 filings by Allan V. Apple and other officers indicating an intent to sell company stock.
Analysis · CACC · Finance
Allan V. Apple, as trustee for the Donald A. Foss trusts, filed an amendment to report the disposition of 66,300 shares by the Marital Trust. These sales, valued at approximately $36 million, represent a significant reduction in holdings by a major shareholder group and follow recent Form 144 filings indicating intent to sell. This confirms actual selling activity by a key insider group.
At the time of this filing, CACC was trading at $544.71 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.7B. 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.