Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Credit Acceptance Corp. before investing.

In this article, we go over a few key elements for understanding Credit Acceptance Corp.’s stock price such as:

• Credit Acceptance Corp.’s current stock price and volume
• Why Credit Acceptance Corp.’s stock price changed recently
• Upgrades and downgrades for CACC from analysts
• CACC’s stock price momentum as measured by its relative strength

About Credit Acceptance Corp. (CACC)

Before we jump into Credit Acceptance Corp.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Credit Acceptance Corporation is engaged in offering that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a nationwide network of automobile dealers. Its loan portfolio consists of two portfolio segments: dealer loans and purchased loans. The Company offers two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers and keeps all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.

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Credit Acceptance Corp.’s Stock Price as of Market Close

As of July 25, 2024, 4:00 PM, CST, Credit Acceptance Corp.’s stock price was $573.93.

Credit Acceptance Corp. is up 4.2% from its previous closing price of $550.78.

During the last market session, Credit Acceptance Corp.’s stock traded between $548.61 and $559.96. Currently, there are 12.48 million shares of Credit Acceptance Corp. stock available for purchase.

Credit Acceptance Corp.’s price-earnings (P/E) ratio is currently at 28.2, which is high compared to the Consumer Lending industry median of 10. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Credit Acceptance Corp. Stock Price History

Credit Acceptance Corp.’s (CACC) price is currently up 11.51% so far this month.

During the month of July, Credit Acceptance Corp.’s stock price has reached a high of $614.96 and a low of $512.28.

Over the last year, Credit Acceptance Corp. has hit prices as high as $616.66 and as low as $379.77. Year to date, Credit Acceptance Corp.’s stock is up 20.98%.

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What Caused Credit Acceptance Corp. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 24, 2024, there were 0 analysts who downgraded Credit Acceptance Corp.’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Credit Acceptance Corp.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Credit Acceptance Corp.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Credit Acceptance Corp.’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Credit Acceptance Corp. (CACC) by visiting AAII Stock Evaluator.

Relative Price Strength of Credit Acceptance Corp.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 24, 2024, Credit Acceptance Corp. has a weighted four-quarter relative price strength of -3.05%, which translates to a Momentum Score of 51 and is considered to be Average.

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Credit Acceptance Corp. Stock Price: Bottom Line

As of July 25, 2024, Credit Acceptance Corp.’s stock price is $573.93, which is up 4.2% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Credit Acceptance Corp. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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