Credit Acceptance Corp. Now Covered by Analysts at Jefferies Group (CACC)
Equities research analysts at Jefferies Group assumed coverage on shares of Credit Acceptance Corp. (NASDAQ:CACC) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Bank of America downgraded shares of Credit Acceptance Corp. to an “underperform” rating in a research note on Thursday, August 28th. 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 investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $129.67.
Shares of Credit Acceptance Corp. (NASDAQ:CACC) traded down 0.30% during mid-day trading on Thursday, hitting $123.24. 60,558 shares of the company’s stock traded hands. Credit Acceptance Corp. has a 1-year low of $107.10 and a 1-year high of $150.89. The stock has a 50-day moving average of $121.2 and a 200-day moving average of $130.3. The company has a market cap of $2.792 billion and a P/E ratio of 11.60.
Credit Acceptance Corp. (NASDAQ:CACC) last issued its quarterly earnings data 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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