Credit Acceptance Corp [NASDAQ: CACC] gained 0.82% or 4.11 points to close at $503.99 with a heavy trading volume of 111283 shares.
It opened the trading session at $501.0, the shares rose to $510.03 and dropped to $500.13, the range by which the price of stock traded the whole day. The daily chart for CACC points out that the company has recorded 3.79% gains over the past six months.
If we look at the average trading volume of 136.84K shares, CACC reached to a volume of 111283 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Credit Acceptance Corp [CACC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CACC shares is $486.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CACC stock is a recommendation set at 3.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stephens have made an estimate for Credit Acceptance Corp shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on November 13, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Underperform. The new note on the price target was released on November 01, 2023, representing the official price target for Credit Acceptance Corp stock. Previously, the target price had yet another raise to $394, while Janney analysts kept a Neutral rating on CACC stock.
The Average True Range (ATR) for Credit Acceptance Corp is set at 15.24, with the Price to Sales ratio for CACC stock in the period of the last 12 months amounting to 2.63. The Price to Book ratio for the last quarter was 3.46, with the Price to Cash per share for the same quarter was set at 97.67. Price to Free Cash Flow for CACC in the course of the last twelve months was 4.99 with Quick ratio for the last quarter at 1.87.
Trading performance analysis for CACC stock
Credit Acceptance Corp [CACC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.79. With this latest performance, CACC shares gained by 0.27% in over the last four-week period, additionally plugging by 3.79% over the last 6 months – not to mention a rise of 6.99% in the past year of trading.
Credit Acceptance Corp [CACC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Credit Acceptance Corp [CACC] shares currently have an operating margin of 38.26% and a Gross Margin at 98.76%. Credit Acceptance Corp’s Net Margin is presently recorded at 13.03%.
Return on Equity for this stock inclined to 3.34%, with Return on Assets sitting at 3.34%.
Credit Acceptance Corp [CACC]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CACC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Credit Acceptance Corp go to 16.93%.
An analysis of Institutional ownership at Credit Acceptance Corp [CACC]
There are presently around $73.20%, or 122.27%% of CACC stock, in the hands of institutional investors. The top three institutional holders of CACC stocks are: PRESCOTT GENERAL PARTNERS LLC with ownership of 1.56 million shares, which is approximately 12.7014%. CERITY PARTNERS LLC, holding 0.8 million shares of the stock with an approximate value of $$410.73 million in CACC stocks shares; and CERITY PARTNERS LLC, currently with $$364.87 million in CACC stock with ownership which is approximately 5.772%.
