Positive Press Coverage Somewhat Unlikely to Affect Credit Acceptance (CACC) Share Price

News articles about Credit Acceptance (NASDAQ:CACC) have been trending positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Credit Acceptance earned a news impact score of 0.27 on Accern’s scale. Accern also assigned news articles about the credit services provider an impact score of 46.3562688101265 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Credit Acceptance (CACC) traded down $0.29 on Wednesday, reaching $308.78. The company’s stock had a trading volume of 192,131 shares, compared to its average volume of 214,602. Credit Acceptance has a 52 week low of $182.50 and a 52 week high of $310.99. The company has a debt-to-equity ratio of 2.12, a current ratio of 17.63 and a quick ratio of 17.63. The stock has a market capitalization of $5,906.61, a price-to-earnings ratio of 15.21, a PEG ratio of 1.25 and a beta of 0.53.

Credit Acceptance (NASDAQ:CACC) last issued its quarterly earnings results on Monday, October 30th. The credit services provider reported $5.43 earnings per share for the quarter, topping the consensus estimate of $5.15 by $0.28. The business had revenue of $283.90 million during the quarter, compared to the consensus estimate of $281.03 million. Credit Acceptance had a return on equity of 32.08% and a net margin of 35.29%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $4.53 earnings per share. research analysts predict that Credit Acceptance will post 20.84 earnings per share for the current fiscal year.

A number of analysts have weighed in on CACC shares. BMO Capital Markets reiterated a “hold” rating and issued a $238.00 target price on shares of Credit Acceptance in a research note on Friday, October 6th. Bank of America increased their target price on Credit Acceptance from $195.00 to $230.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 31st. Credit Suisse Group increased their target price on Credit Acceptance from $200.00 to $225.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered Credit Acceptance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $260.00 target price (up previously from $240.00) on shares of Credit Acceptance in a research note on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $229.78.

ILLEGAL ACTIVITY WARNING: “Positive Press Coverage Somewhat Unlikely to Affect Credit Acceptance (CACC) Share Price” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.chaffeybreeze.com/2017/12/06/positive-press-coverage-somewhat-unlikely-to-affect-credit-acceptance-cacc-share-price.html.

About Credit Acceptance

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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