Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Credit Acceptance Corp (NASDAQ: CACC) weakened of late. CACC’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Credit Acceptance Corp (NASDAQ: CACC) stock declined slightly by -0.9% on 8/9/24. The stock closed at $459.18. However, below average trading volume at 81% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -6.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CACC is expected to continue to be a major Value Builder.
Credit Acceptance has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Credit Acceptance has a neutral Appreciation Score of 54 and a neutral Power Rating of 42, with the Neutral Value Trend Rating the result.
Be the first to comment