Credit Acceptance Corp (NASDAQ: CACC) has benefited from extremely meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Credit Acceptance has a neutral Appreciation Score of 50 but a good Power Rating of 73, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 3/8/24, Credit Acceptance Corp (NASDAQ: CACC) stock declined slightly by -0.9%, closing at $556.51. However, this decline was accompanied by below average trading volume at 73% of normal. Relative to the market the stock has been strong over the last nine months and has risen 0.5% during the last week.
Be the first to comment