Press coverage about Credit Acceptance (NASDAQ:CACC) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Credit Acceptance earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the credit services provider an impact score of 45.4412095664235 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research firms have recently commented on CACC. JMP Securities lifted their price objective on Credit Acceptance from $195.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, January 31st. BidaskClub lowered Credit Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Credit Suisse Group restated a “sell” rating and set a $270.00 price target on shares of Credit Acceptance in a research note on Monday, January 8th. Zacks Investment Research lowered Credit Acceptance from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th. Finally, Oppenheimer assumed coverage on Credit Acceptance in a research note on Monday, January 8th. They set a “buy” rating and a $355.00 price target on the stock. Five analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $283.22.
CACC traded down $10.56 on Friday, hitting $316.26. 93,917 shares of the stock traded hands, compared to its average volume of 89,097. Credit Acceptance has a 52 week low of $185.52 and a 52 week high of $377.82. The company has a quick ratio of 24.00, a current ratio of 24.00 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $6,310.91, a price-to-earnings ratio of 15.47, a P/E/G ratio of 0.70 and a beta of 0.53.
Credit Acceptance (NASDAQ:CACC) last issued its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $5.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.53 by ($0.37). Credit Acceptance had a net margin of 42.36% and a return on equity of 30.18%. The firm had revenue of $287.30 million for the quarter, compared to the consensus estimate of $287.37 million. During the same quarter in the prior year, the firm earned $4.79 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. equities research analysts expect that Credit Acceptance will post 26.15 EPS for the current year.
In other news, insider Douglas W. Busk sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $319.86, for a total value of $319,860.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John S. Soave sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $337.01, for a total value of $842,525.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,500 shares of company stock worth $1,831,385. Corporate insiders own 5.80% of the company’s stock.
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Credit Acceptance Company Profile
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.
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