Credit Acceptance Corp (NASDAQ: CACC) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Recent important positive changes in fundamentals have benefitted Credit Acceptance Corp (NASDAQ: CACC): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
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
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Credit Acceptance has a neutral Appreciation Score of 44 but a good Power Rating of 74, producing the High Neutral Value Trend Rating.
Recent Price Action
Credit Acceptance Corp (NASDAQ: CACC) stock closed at $584.96 on 7/15/24 after an increase of 1.4%. NORMAL trading volume accompanied the advance. The stock has risen 12.2% during the last week and has been strong relative to the market over the last nine months.
Be the first to comment