Credit Acceptance (NASDAQ:CACC – Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $7.61 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Credit Acceptance (NASDAQ:CACC – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $10.29 EPS for the quarter, beating the consensus estimate of $7.20 by $3.09. Credit Acceptance had a net margin of 9.01% and a return on equity of 30.77%. The business had revenue of $538.20 million for the quarter, compared to the consensus estimate of $525.03 million. During the same period in the prior year, the company posted $10.69 earnings per share. Credit Acceptance’s revenue was up 12.6% compared to the same quarter last year. On average, analysts expect Credit Acceptance to post $39 EPS for the current fiscal year and $42 EPS for the next fiscal year.
Credit Acceptance Stock Performance
NASDAQ CACC opened at $469.83 on Monday. The firm has a 50-day moving average price of $455.64 and a two-hundred day moving average price of $492.00. Credit Acceptance has a 12-month low of $379.77 and a 12-month high of $616.66. The company has a market capitalization of $5.69 billion, a P/E ratio of 24.11 and a beta of 1.42. The company has a quick ratio of 19.15, a current ratio of 19.15 and a debt-to-equity ratio of 3.77.
Insider Transactions at Credit Acceptance
Analysts Set New Price Targets
Separately, TD Cowen reduced their price target on Credit Acceptance from $440.00 to $400.00 and set a “sell” rating on the stock in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Credit Acceptance has a consensus rating of “Hold” and an average target price of $395.67.
Credit Acceptance Company Profile
Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. The company advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers.
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