Credit Acceptance Corporation (CACC)

Market Cap	5.13B
Revenue (ttm)	846.10M
Net Income (ttm)	189.60M
Shares Out	12.11M
EPS (ttm)	15.07
PE Ratio	28.11
Forward PE	12.49
Dividend	n/a
Ex-Dividend Date	n/a

Volume	87,564
Open	415.00
Previous Close	417.33
Day's Range	414.17 - 425.60
52-Week Range	406.53 - 616.66
Beta	1.43
Analysts	Strong Sell
Price Target	380.00 (-10.3%)
Earnings Date	Oct 30, 2024

About CACC

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company serves independent and franchised ...

• Industry: Credit Services
• Sector: Financials
• IPO Date: Jun 5, 1992
• Employees: 2,232
• Stock Exchange: NASDAQ
• Ticker Symbol: CACC
• Website: https://www.creditacceptance.com

Financial Performance

In 2023, Credit Acceptance's revenue was $899.20 million, a decrease of -24.08% compared to the previous year's $1.18 billion. Earnings were $286.10 million, a decrease of -46.60%.

Analyst Forecast

According to one analyst, the rating for CACC stock is "Strong Sell" and the 12-month stock price forecast is $380.0.

Price Target

$380.0

(-10.30% downside)

Analyst Consensus: Strong Sell