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Credit Acceptance Corporation – Consenus Indicates Potential -10.3% Downside

Credit Acceptance Corporation found using ticker (CACC) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 472 and 290 with the average target price sitting at 380.13. Given that the stocks previous close was at 423.62 this indicates there is a potential downside of -10.3%. The 50 day moving average now sits at 452.23 and the 200 day MA is 470.1. The market capitalisation for the company is $8,340m. Visit the company website at: http://www.creditacceptance.com

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was founded in 1972 and is headquartered in Southfield, Michigan.