NEW YORK ( TheStreet) -- Credit Acceptance Corporation (Nasdaq: CACC) hit a new 52-week high Tuesday as it is currently trading at $78.19, above its previous 52-week high of $78.10 with 2,043 shares traded as of 11:31 a.m. ET. Average volume has been 33,800 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 21.6% year to date as of the close of trading on Monday. 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 13.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 16.7.
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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 good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Credit Acceptance Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.