Credit Acceptance Corporation found using ticker (CACC) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 472 and 290 and has a mean target at 381.38. Now with the previous closing price of 429.02 this would indicate that there is a downside of -11.1%. The 50 day moving average now sits at 445.88 while the 200 day moving average is 468.15. The market capitalisation for the company is $8,083m. You can visit the company’s website by visiting: 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.