Credit Acceptance (CACC) to Release Earnings on Monday

Credit Acceptance (NASDAQ:CACC) is set to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Credit Acceptance to post earnings of $7.93 per share for the quarter.

Credit Acceptance (NASDAQ:CACC) last posted its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $7.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $7.45 by $0.40. The business had revenue of $342.80 million for the quarter, compared to the consensus estimate of $338.73 million. Credit Acceptance had a return on equity of 29.89% and a net margin of 44.64%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.16 EPS. On average, analysts expect Credit Acceptance to post $34 EPS for the current fiscal year and $37 EPS for the next fiscal year.

Credit Acceptance stock traded up $10.28 during trading hours on Tuesday, hitting $481.30. 24,046 shares of the stock traded hands, compared to its average volume of 81,301. The company has a debt-to-equity ratio of 1.83, a quick ratio of 17.07 and a current ratio of 17.07. The company has a market cap of $8.84 billion, a PE ratio of 16.95, a PEG ratio of 0.87 and a beta of 0.68. Credit Acceptance has a 1 year low of $299.00 and a 1 year high of $472.18.



Several analysts have weighed in on the company. Zacks Investment Research downgraded Credit Acceptance from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BidaskClub downgraded Credit Acceptance from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BMO Capital Markets boosted their price target on Credit Acceptance to $390.00 and gave the company a “market perform” rating in a research note on Monday, February 4th. Oppenheimer restated a “market perform” rating on shares of Credit Acceptance in a research note on Thursday, January 31st. They noted that the move was a valuation call. Finally, BTIG Research began coverage on Credit Acceptance in a research note on Wednesday, January 23rd. They issued a “sell” rating and a $340.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $395.00.

TRADEMARK VIOLATION WARNING: “Credit Acceptance (CACC) to Release Earnings on Monday” was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://dakotafinancialnews.com/2019/04/23/credit-acceptance-cacc-to-release-earnings-on-monday.html.

Credit Acceptance Company Profile

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers.

Featured Article: What is a conference call?

Earnings History for Credit Acceptance (NASDAQ:CACC)

Receive News & Ratings for Credit Acceptance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Acceptance and related companies with MarketBeat.com's FREE daily email newsletter.