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Credit Acceptance Corporation – Consenus Indicates Potential -2.7% Downside

Credit Acceptance Corporation with ticker code (CACC) now have 8 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 495 and 340 with a mean TP of 429.25. Now with the previous closing price of 441.25 this indicates there is a potential downside of -2.7%. The 50 day MA is 462.07 and the 200 moving average now moves to 472.01. The market capitalisation for the company is $8,236m. Find out more information 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.