Credit Acceptance (NASDAQ:CACC – Get Rating) is set to post its quarterly earnings results after the market closes on Monday, May 2nd. Analysts expect Credit Acceptance to post earnings of $13.30 per share for the quarter.
Credit Acceptance (NASDAQ:CACC – Get Rating) last announced its earnings results on Monday, January 31st. The credit services provider reported $14.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $14.75 by ($0.49). Credit Acceptance had a return on equity of 38.72% and a net margin of 51.63%. The company had revenue of $463.20 million for the quarter, compared to the consensus estimate of $458.23 million. During the same period last year, the firm posted $10.75 EPS. On average, analysts expect Credit Acceptance to post $51 EPS for the current fiscal year and $51 EPS for the next fiscal year.
CACC stock traded down $9.45 on Tuesday, reaching $538.69. 232 shares of the company were exchanged, compared to its average volume of 94,736. Credit Acceptance has a 12 month low of $378.96 and a 12 month high of $703.27. The stock’s fifty day moving average price is $539.19 and its 200 day moving average price is $591.03. The firm has a market capitalization of $7.60 billion, a PE ratio of 9.07 and a beta of 1.25. The company has a debt-to-equity ratio of 2.53, a current ratio of 39.04 and a quick ratio of 39.04.
A number of brokerages recently issued reports on CACC. Zacks Investment Research raised shares of Credit Acceptance from a “sell” rating to a “hold” rating and set a $582.00 target price on the stock in a research report on Monday, April 4th. StockNews.com lowered shares of Credit Acceptance from a “buy” rating to a “hold” rating in a report on Monday, April 11th. Finally, BMO Capital Markets boosted their price target on shares of Credit Acceptance from $411.00 to $428.00 and gave the company a “market perform” rating in a report on Tuesday, February 1st. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, Credit Acceptance presently has an average rating of “Hold” and a consensus price target of $460.80.
About Credit Acceptance (Get Rating)
Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers.
- Get a free copy of the StockNews.com research report on Credit Acceptance (CACC)
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