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Credit Acceptance Corp. (NASDAQ:CACC) was downgraded by investment analysts at Bank of America to an “underperform” rating in a note issued to investors on Thursday.

Separately, analysts at Compass Point initiated coverage on shares of Credit Acceptance Corp. in a research note on Tuesday, July 8th. They set a “sell” rating and a $104.00 price target on the stock. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $129.67.

Shares of Credit Acceptance Corp. (NASDAQ:CACC) traded down 1.72% during mid-day trading on Thursday, hitting $123.14. The stock had a trading volume of 16,213 shares. Credit Acceptance Corp. has a one year low of $106.60 and a one year high of $150.89. The stock’s 50-day moving average is $121.1 and its 200-day moving average is $130.6. The company has a market cap of $2.789 billion and a price-to-earnings ratio of 11.75.

Credit Acceptance Corp. (NASDAQ:CACC) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.08. The company had revenue of $179.80 million for the quarter, compared to the consensus estimate of $181.37 million. During the same quarter in the previous year, the company posted $2.56 earnings per share. On average, analysts predict that Credit Acceptance Corp. will post $11.92 earnings per share for the current fiscal year.

Credit Acceptance Corporation (NASDAQ:CACC) is a provider of auto loans to consumers.

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