NEW YORK ( TheStreet) -- Credit Acceptance Corporation (Nasdaq: CACC) hit a new 52-week high Thursday as it is currently trading at $83.02, above its previous 52-week high of $82.29 with 16,604 shares traded as of 10:09 a.m. ET. Average volume has been 40,200 shares over the past 30 days. Credit Acceptance has a market cap of $2.1 billion and is part of the financial sector and financial services industry. Shares are up 29% year to date as of the close of trading on Wednesday. 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, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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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, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Credit Acceptance Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.