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Credit Acceptance Corp. (CACC) Stock Split History

Credit Acceptance Corp. has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on March 18, 1993 with the ratio of 2-for-1, meaning that for 1 share of CACC owned pre-split, shareholders then owned 2 shares. 2 more splits have been implemented since then. The most recent stock split took place on December 21, 1994 on a 2-for-1 basis.

These splits have increased CACC stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Credit Acceptance Corp.'s total market capitalization.

For more detailed information of Credit Acceptance Corp.'s stock splits, view the table below:

CACC stock split list

Date Split Ratio
1994-12-21 2 - for - 1
1993-12-27 3 - for - 2
1993-03-18 2 - for - 1

Will Credit Acceptance Corp. Stock Split in 2024?

The answer will depend on the decisions of the company's managers and market volatility. Credit Acceptance Corp. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when CACC stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Credit Acceptance Corp.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.

Stock Splits of Industry Leaders

Ticker Symbol Latest Split Date Split Ratio
V 2015-03-19 4 - for - 1
MA 2014-01-22 10 - for - 1
AXP 2000-05-11 3 - for - 1
COF 1999-06-02 3 - for - 1
IX 2000-06-06 6 - for - 5
ALLY 2014-04-10 310 - for - 1
CACC 1994-12-21 2 - for - 1
FCFS 2006-02-22 2 - for - 1
SLM 2003-06-23 3 - for - 1
AGM 1999-08-02 3 - for - 1
$8.17
price up icon 0.12%
$36.21
price up icon 0.58%
credit_services SYF
$40.12
price up icon 1.06%
credit_services IX
$103.97
price down icon 0.47%
credit_services DFS
$121.71
price up icon 1.37%
credit_services COF
$135.52
price up icon 0.71%
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