Media coverage about Credit Acceptance (NASDAQ:CACC) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing 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 0.10 on Accern’s scale. Accern also assigned media coverage about the credit services provider an impact score of 45.2550399424256 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
A number of equities research analysts have recently commented on the company. BidaskClub raised Credit Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Zacks Investment Research raised Credit Acceptance from a “hold” rating to a “strong-buy” rating and set a $390.00 price objective on the stock in a research report on Friday, January 12th. Oppenheimer increased their price objective on Credit Acceptance from $355.00 to $387.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Credit Suisse Group reaffirmed a “sell” rating and set a $270.00 price objective on shares of Credit Acceptance in a research report on Monday, January 8th. Finally, Stephens set a $257.00 price objective on Credit Acceptance and gave the company a “sell” rating in a research report on Wednesday, January 3rd. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $280.78.
Shares of Credit Acceptance stock traded down $5.02 during trading on Wednesday, hitting $330.12. 87,960 shares of the company’s stock traded hands, compared to its average volume of 143,289. The company has a debt-to-equity ratio of 1.99, a current ratio of 24.00 and a quick ratio of 24.00. Credit Acceptance has a 1 year low of $201.74 and a 1 year high of $377.82. The stock has a market capitalization of $6,303.19, a PE ratio of 16.15, a price-to-earnings-growth ratio of 0.70 and a beta of 0.53.
Credit Acceptance (NASDAQ:CACC) last released its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $5.16 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 business had revenue of $287.30 million for the quarter, compared to analysts’ expectations of $287.37 million. During the same period last year, the business earned $4.79 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. sell-side analysts expect that Credit Acceptance will post 26.15 EPS for the current fiscal year.
In other Credit Acceptance news, insider Douglas W. Busk sold 1,000 shares of the stock in a transaction dated 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 filing with the SEC, which is accessible through this link. Also, insider John S. Soave sold 2,500 shares of the stock in a transaction dated 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. Insiders have sold 5,500 shares of company stock worth $1,831,385 over the last ninety days. 5.80% of the stock is currently owned by insiders.
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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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