Credit Acceptance Reaches New 52-Week High (CACC)

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.

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, increase in net income 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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