On 8/1/24, Credit Acceptance Corp (NASDAQ: CACC) stock suffered a major decline of -14.9%, closing at $489.29. Moreover, trading volume in this decline was exceptionally high at 460% of normal. The stock has performed in line with the market over the last nine months and has declined -11.2% 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 (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 45 but a good Power Rating of 74, producing the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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