Alert: Positive Investment/Fundamental Signals (12/14/23)-Credit Acceptance Corp (NASDAQ: CACC)


Credit Acceptance Corp (NASDAQ: CACC). Extremely important positive changes in investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.

Marginal positive changes in Credit Acceptance Corp (NASDAQ: CACC) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CACC is expected to continue to be a major Value Builder.

Credit Acceptance has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Credit Acceptance has a neutral Appreciation Score of 49 and a neutral Power Rating of 55, triggering the Neutral Value Trend Rating.

Recent Price Action

On 12/14/23, Credit Acceptance Corp (NASDAQ: CACC) stock enjoyed a large increase of 3.5%, closing at $517.24. Moreover, this advance was accompanied by exceptionally high trading volume at 245% of normal. Relative to the market the stock has been strong over the last nine months and has risen 15.5% during the last week.

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