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The Schedule 13D/A (Amendment No. 13) discloses the updated equity positions of the Prescott investment entities and related individuals in Credit Acceptance Corporation (NASDAQ: CACC) as of 7 July 2025. Based on the issuer’s 11,603,475 outstanding shares (Form 10-Q filed 30 Apr 2025), Prescott General Partners LLC ("PGP") remains the largest holder in the group with 1,436,951 shares, or 12.4% of CACC’s common stock. Prescott Associates L.P. directly owns 911,132 shares (7.8%), while Prescott Investors Profit Sharing Trust holds 41,437 shares (0.4%). Individually, co-founder Thomas W. Smith reports 662,295 shares (5.7%) and director Scott J. Vassalluzzo reports 68,158 shares (0.6%). Combined, the managed accounts referenced in the filing control 1,576,044 shares, underscoring the group’s continued double-digit influence.
The amendment was triggered by a 42,329-share in-kind distribution by Prescott Associates on 2 Jul 2025 to satisfy a limited-partner withdrawal, valued at $509.43 per share. Funding for historical purchases totaled $20.46 million, sourced mainly from Prescott Associates ($9.54 million), Prescott Investors Profit Sharing Trust ($0.36 million), and personal funds from Smith ($8.25 million) and Vassalluzzo ($0.99 million). While the group affirms it may engage management or other shareholders to enhance value, it states no current plans to pursue corporate actions enumerated in Item 4 (e.g., mergers, board changes). Future buying or selling will depend on market conditions and alternative opportunities.
- Key stakes: PGP 12.4%, Prescott Associates 7.8%, Smith 5.7%, cumulative managed accounts 13.6%.
- Recent activity: 42,329-share distribution reduced Prescott Associates’ stake marginally.
- Potential activism: Group reserves right to discuss strategic options but disclaims any formal proposals at this time.
Credit Acceptance Corp (CACC) Chief Marketing and Product Officer Andrew K. Rostami reported insider trading activity on June 20, 2025. The executive sold 375 shares at $505.29 per share, resulting in a transaction value of approximately $189,484.
Following the transaction, Rostami holds 25,478.5 shares, including 23,572 unvested restricted stock units granted under the Company's Incentive Compensation Plan. Additionally, the executive maintains 16,000 stock options with an exercise price of $585.93, which vest in four equal annual installments starting April 18, 2023 and expire on April 18, 2028.
This Form 4 filing indicates a relatively small disposition of shares by a senior executive while maintaining a substantial equity position in the company through direct ownership, RSUs, and options, suggesting continued alignment with shareholder interests.
Credit Acceptance Corp (NASDAQ: CACC) has filed a Form 144 notice for a proposed sale of securities by an insider. The filing details plans to sell 375 shares of common stock with an aggregate market value of $189,483.75, representing a small portion of the total 11,603,475 shares outstanding.
The shares to be sold were acquired through two restricted stock vesting events:
- 90 shares vested on October 31, 2023
- 285 shares vested on April 18, 2024
The planned sale is scheduled for June 20, 2025 through Fidelity Brokerage Services. The securities were originally acquired as compensation through restricted stock vesting. The filing indicates no other sales by the insider in the past 3 months, suggesting this is an isolated transaction rather than part of a larger selling pattern.