Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. It advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. The company is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. It serves independent and franchised automobile dealers. The company was founded in 1972 and is headquartered in Southfield, Michigan.
Research context
Credit Acceptance Corporation appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- USD
- Sector
- Financial Services
- Industry
- Credit Services
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5 years, 6 months ago
Credit Acceptance Corporation is currently in a long term uptrend where the price is trading 19.0% above its 200 day moving average.
From a valuation standpoint, the stock is 57.0% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.9.
Credit Acceptance Corporation's total revenue rose by 15.9% to $447M since the same quarter in the previous year.
Its net income has increased by 2.7% to $166M since the same quarter in the previous year.
Finally, its free cash flow grew by 0.1% to $201M since the same quarter in the previous year.
Based on the above factors, Credit Acceptance Corporation gets an overall score of 5/5.