NEW YORK ( TheStreet) -- Credit Acceptance Corporation (Nasdaq: CACC) hit a new 52-week high Friday as it is currently trading at $94.54, above its previous 52-week high of $93.10 with 23,317 shares traded as of 12:49 p.m. ET. Average volume has been 27,100 shares over the past 30 days. Credit Acceptance has a market cap of $2.09 billion and is part of the financial sector and financial services industry. Shares are up 3.8% year to date as of the close of trading on Thursday. Credit Acceptance Corporation provides auto loans, and related products and services to consumers in the United States. The company offers loans in two programs, including portfolio program and purchase program. The company has a P/E ratio of 12.8, above the average financial services industry P/E ratio of 11.9 and below the S&P 500 P/E ratio of 17.7.
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