Credit Acceptance Reaches New 52-Week High (CACC)

NEW YORK ( TheStreet) -- Credit Acceptance Corporation (Nasdaq: CACC) hit a new 52-week high Thursday as it is currently trading at $96.08, above its previous 52-week high of $95.80 with 8,212 shares traded as of 1:25 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 13% year to date as of the close of trading on Wednesday.

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 12.9, 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, growth in earnings per share, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Credit Acceptance Ratings Report.

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