Credit Acceptance Stock Hits New 52-Week High (CACC)

NEW YORK ( TheStreet) -- Credit Acceptance Corporation (Nasdaq: CACC) hit a new 52-week high Wednesday as it traded at $75.73 compared with its previous 52-Week high of $75.65. Credit Acceptance is changing hands at $75.73 with 1,260 shares traded as of 10:33 a.m. ET. Average volume has been 32,000 shares over the past 30 days.

Credit Acceptance has a market cap of $2 billion and is part of the financial sector and financial services industry. Shares are up 20% year to date as of the close of trading on Tuesday.

Credit Acceptance Corporation provides auto loans to consumers primarily in the United States. The company primarily provides the portfolio and purchase programs. The company has a P/E ratio of 13.2, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates Credit Acceptance as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Credit Acceptance Ratings Report.

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