NASDAQ: CACC       Credit Acceptance
Last Price Today's Change   Day's Range   Trading Volume
489.335   +0.585 (0.12%)  474.07 - 490.00  43,346


Avg Volume (4 weeks):86,200
4 Weeks Range:434.98 - 490.00
4 Weeks Price Volatility (%):
52 Weeks Range:299.00 - 490.00
52 Weeks Price Volatility (%):
Average Price Target: 142.00
Price Target Upside/Downside: -347.335


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Business Background

Credit Acceptance is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.

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