A portfolio of publicly traded auto finance companies has generated a strong return in 2015, although much of that seems to have come from one company: Credit Acceptance Corp.
The portfolio of nine companies, at some of which auto finance is only a part of the overall business, yielded a return to date in 2015 of nearly 12%. That compares to a -1.83% return for the S&P 500 through yesterday.
The public companies in Auto Finance News‘s stock portfolio are:
- Ally Financial Inc
- Atlanticus Holdings Corp
- Consumer Portfolio Services, Inc.
- Credit Acceptance Corp.
- Mint Leasing Inc
- Nicholas Financial, Inc.
- RIFCO INC COM NPV
- Santander Consumer USA Holdings Inc
- Sten Corporation
Credit Acceptance Corp. has been the strongest performer. It is up 55% this year. The stock [ticker: CACC] is now trading at $211 per share and the company enjoys a market capitalization of $4.3 billion.
But CACC masks the poor performance of Ally, Santander, Consumer Portfolio Services, and Nicholas. Ally has lost 22% of its value so far this year; Santander 21%. CPS is down nearly 30% on the year, while Nicholas is off nearly 20%.
