News stories about Credit Acceptance (NASDAQ:CACC) have trended positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Credit Acceptance earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned headlines about the credit services provider an impact score of 47.0814402376465 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages have recently issued reports on CACC. BidaskClub downgraded shares of Credit Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Credit Suisse Group reiterated a “sell” rating and set a $270.00 price target on shares of Credit Acceptance in a research note on Monday, January 8th. BMO Capital Markets reissued a “market perform” rating and set a $252.00 price objective (up from $238.00) on shares of Credit Acceptance in a report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and set a $260.00 price objective (up from $240.00) on shares of Credit Acceptance in a report on Tuesday, October 10th. Finally, Oppenheimer assumed coverage on Credit Acceptance in a report on Monday, January 8th. They issued a “buy” rating and a $355.00 price target for the company. Four analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $263.50.
Credit Acceptance (NASDAQ:CACC) opened at $340.99 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 17.63 and a quick ratio of 17.63. Credit Acceptance has a 12-month low of $182.50 and a 12-month high of $344.21. The stock has a market capitalization of $6,584.52, a P/E ratio of 16.96, a P/E/G ratio of 1.04 and a beta of 0.54.
Credit Acceptance (NASDAQ:CACC) last issued its quarterly earnings data on Monday, October 30th. The credit services provider reported $5.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.15 by $0.28. The business had revenue of $283.90 million during the quarter, compared to analyst estimates of $281.03 million. Credit Acceptance had a return on equity of 32.08% and a net margin of 35.29%. Credit Acceptance’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.53 EPS. research analysts anticipate that Credit Acceptance will post 20.74 earnings per share for the current fiscal year.
In other news, major shareholder Jill Foss Watson sold 18,106 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $326.06, for a total transaction of $5,903,642.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 114,925 shares of company stock worth $37,901,719. Company insiders own 5.80% of the company’s stock.
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Credit Acceptance Company Profile
Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans.
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