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 a mean TP of 381.38. Given that the stocks previous close was at 432.28 this now indicates there is a potential downside of -11.8%. The day 50 moving average is 440.95 while the 200 day moving average is 464.1. The company has a market cap of $8,195m. Company Website: 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.