Credit Acceptance Corporation found using ticker (CACC) now have 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 495 and 340 and has a mean target at 429.25. Given that the stocks previous close was at 437.81 this would imply there is a potential downside of -2.0%. The day 50 moving average is 458.86 and the 200 moving average now moves to 471.49. The market capitalisation for the company is $8,328m. 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.