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Credit Acceptance Corporation – Consenus Indicates Potential -11.4% Downside

Credit Acceptance Corporation with ticker code (CACC) have now 8 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 472 and 290 with the average target price sitting at 381.38. Given that the stocks previous close was at 430.55 this is indicating there is a potential downside of -11.4%. The 50 day MA is 443.32 and the 200 day MA is 466.4. The market cap for the company is $8,104m. 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.