Credit Acceptance Corporation found using ticker (CACC) now have 7 analysts covering the stock with the consensus suggesting a rating of ‘Underperform’. The range between the high target price and low target price is between 419 and 290 calculating the average target price we see 368.57. With the stocks previous close at 391.97 this now indicates there is a potential downside of -6.0%. The day 50 moving average is 428.19 while the 200 day moving average is 442.43. The company has a market cap of $6,444m. 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.