Credit Acceptance Corp (CACC) Receives a Hold from BMO Capital


BMO Capital analyst James Fotheringham maintained a Hold rating on Credit Acceptance Corp (NASDAQ: CACC) today and set a price target of $333. The company’s shares opened today at $428.37.

According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 13.9% and a 72.5% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Oaktree Specialty Lending Corporation, Focus Financial Partners Inc, and Corporate Capital Trust Inc.

Currently, the analyst consensus on Credit Acceptance Corp is a Hold with an average price target of $395.

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Based on Credit Acceptance Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $332 million and net profit of $151 million. In comparison, last year the company had a net profit of $101 million.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.

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Credit Acceptance Corp. engages in the the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. Its financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers.

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