CACC Stock Summary and Trading Ideas (Credit Acceptance | NASDAQ:CACC)

Credit Acceptance Corp 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 a source of revenue.

Credit Acceptance trades on the NASDAQ stock market under the symbol CACC.

As of April 22, 2024, CACC stock price declined to $519.18 with 79,285 million shares trading.

CACC has a beta of 1.40, meaning it tends to be more sensitive to market movements. CACC has a correlation of 0.28 to the broad based SPY ETF.

CACC has a market cap of $6.39 billion. This is considered a Mid Cap stock.

Last quarter Credit Acceptance reported $492 million in Revenue and $10.06 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $4.63.

In the last 3 years, CACC stock traded as high as $703.27 and as low as $358.00.

The top ETF exchange traded funds that CACC belongs to (by Net Assets): VTI, VB, VXF, VBK, FNDA.

CACC has underperformed the market in the last year with a price return of +5.8% while the SPY ETF gained +22.9%. CACC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.7% and -6.7%, respectively, while the SPY returned +3.7% and -3.7%, respectively.

CACC support price is $525.48 and resistance is $545.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CACC stock will trade within this expected range on the day.