CACC Buoys Portfolio of Public Auto Finance Companies in 2015 | Auto Finance News | Auto Finance News

CACC Buoys Portfolio of Public Auto Finance Companies in 2015

canstockphoto9098950A 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%.

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