Credit Acceptance Corporation with ticker code (CACC) now have 7 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 472 and 290 calculating the mean target price we have 377.57. With the stocks previous close at 428.27 this is indicating there is a potential downside of -11.8%. The 50 day moving average now sits at 434.32 and the 200 day MA is 461.88. The company has a market cap of $8,176m. 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.