News articles about Credit Acceptance Corporation (NASDAQ:CACC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Credit Acceptance Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the credit services provider an impact score of 47.2845772440604 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Credit Acceptance Named to the Detroit Free Press 2017 Top Workplaces List (finance.yahoo.com)
- Credit Acceptance Corporation (CACC) Expected to Post Quarterly Sales of $289.56 Million (americanbankingnews.com)
- Analysts Expect Credit Acceptance Corporation (CACC) Will Post Earnings of $5.26 Per Share (americanbankingnews.com)
- Credit Acceptance Corporation (CACC) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Credit Acceptance Corp. :CACC-US: Earnings Analysis: Q3, 2017 By the Numbers : November 2, 2017 (finance.yahoo.com)
Several equities research analysts have recently weighed in on CACC shares. BidaskClub downgraded shares of Credit Acceptance Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reissued a “hold” rating and issued a $215.00 target price on shares of Credit Acceptance Corporation in a research report on Friday, July 14th. Credit Suisse Group reissued an “underperform” rating and issued a $200.00 target price (up previously from $190.00) on shares of Credit Acceptance Corporation in a research report on Tuesday, August 1st. Raymond James Financial, Inc. raised shares of Credit Acceptance Corporation from an “underperform” rating to a “market perform” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets boosted their price objective on shares of Credit Acceptance Corporation from $226.00 to $238.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $229.78.
Shares of Credit Acceptance Corporation (NASDAQ:CACC) opened at $284.15 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 17.63 and a current ratio of 17.63. Credit Acceptance Corporation has a 1 year low of $163.17 and a 1 year high of $299.92. The firm has a market cap of $5,498.20, a PE ratio of 14.16, a P/E/G ratio of 1.16 and a beta of 0.51.
Credit Acceptance Corporation (NASDAQ:CACC) last announced its quarterly earnings data on Monday, October 30th. The credit services provider reported $5.43 earnings per share for the quarter, beating analysts’ consensus estimates of $5.15 by $0.28. The business had revenue of $283.90 million during the quarter, compared to the consensus estimate of $281.03 million. Credit Acceptance Corporation had a net margin of 35.29% and a return on equity of 32.08%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.53 EPS. research analysts expect that Credit Acceptance Corporation will post 20.84 earnings per share for the current year.
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Credit Acceptance Corporation Company Profile
Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans.
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