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CACC Stock News Image - Zacks Investment Research

Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research 2024 Mar 01
CACC Stock News Image - Zacks Investment Research

Credit Acceptance (CACC) records a rise in revenues and operating expenses in the fourth quarter of 2023.

Zacks Investment Research 2024 Feb 01
CACC Stock News Image - Seeking Alpha

Credit Acceptance Corporation (CACC) Q4 2023 Earnings Call Transcript

Seeking Alpha 2024 Jan 31
CACC Stock News Image - Zacks Investment Research

While the top- and bottom-line numbers for Credit Acceptance (CACC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks Investment Research 2024 Jan 31
CACC Stock News Image - Zacks Investment Research

Credit Acceptance (CACC) came out with quarterly earnings of $7.29 per share, beating the Zacks Consensus Estimate of $4.52 per share. This compares to earnings of $9.58 per share a year ago.

Zacks Investment Research 2024 Jan 31
CACC Stock News Image - GlobeNewsWire

Southfield, Michigan, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our fourth quarter 2023 earnings on Wednesday, January 31, 2024, after the market closes. A webcast is scheduled for Wednesday, January 31, 2024, at 5:00 p.m. Eastern Time to discuss fourth quarter 2023 earnings.

GlobeNewsWire 2024 Jan 24
CACC Stock News Image - Zacks Investment Research

Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research 2023 Nov 29
CACC Stock News Image - Seeking Alpha

Economic indicators provide a mixed perspective: consumer confidence is declining, and interest rates are high. On the flip side, we observe growth catalysts: decreased used car prices and the expected decline in interest rates next year. However, when considering the decision to invest in Credit Acceptance or its industry peers, I lean towards choosing the latter.

Seeking Alpha 2023 Nov 16
CACC Stock News Image - Seeking Alpha

Credit Acceptance stock has underperformed the S&P 500 by a wide margin in the last two years due to the surge of interest rates to a 16-year high. High interest rates have impacted some of the customers of CACC, but the stock is now cheaply valued, at only 10.4 times its earnings. The company's proven ability to forecast collection rates and its consistent performance make it an attractive investment option.

Seeking Alpha 2023 Nov 15
CACC Stock News Image - InvestorPlace

The stock market has been on a downswing throughout the fall. High interest rates, inflation, and geopolitical tensions are among the factors weighing on investor sentiment.

InvestorPlace 2023 Nov 07
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