Media stories about Credit Acceptance (NASDAQ:CACC) have been trending positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Credit Acceptance earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 46.4460791845085 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

CACC has been the topic of several analyst reports. Zacks Investment Research lowered shares of Credit Acceptance from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Credit Suisse Group boosted their price target on shares of Credit Acceptance from $200.00 to $225.00 and gave the company an “underperform” rating in a report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and issued a $260.00 price target (up previously from $240.00) on shares of Credit Acceptance in a report on Tuesday, October 10th. Bank of America boosted their price target on shares of Credit Acceptance from $195.00 to $230.00 and gave the company an “underperform” rating in a report on Tuesday, October 31st. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $252.00 price target (up previously from $238.00) on shares of Credit Acceptance in a report on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Credit Acceptance currently has a consensus rating of “Hold” and an average target price of $229.78.

Credit Acceptance (CACC) traded up $1.37 on Friday, hitting $304.27. 286,861 shares of the stock traded hands, compared to its average volume of 222,548. The company has a current ratio of 17.63, a quick ratio of 17.63 and a debt-to-equity ratio of 2.12. Credit Acceptance has a fifty-two week low of $182.50 and a fifty-two week high of $308.19. The company has a market cap of $5,849.06, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53.

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

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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.

Insider Buying and Selling by Quarter for Credit Acceptance (NASDAQ:CACC)

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