(VIANEWS) – Shares of Credit Acceptance Corporation (NASDAQ: CACC) jumped by a staggering 10.5% to $511.20 at 10:28 EST on Wednesday, following the last session’s upward trend. NASDAQ is rising 1.67% to $11,584.55, following the last session’s upward trend. This seems, up to now, an all-around positive trend exchanging session today.
Credit Acceptance Corporation’s last close was $462.64, 28.71% under its 52-week high of $648.95.
About Credit Acceptance Corporation
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. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was founded in 1972 and is headquartered in Southfield, Michigan.
Earnings Per Share
As for profitability, Credit Acceptance Corporation has a trailing twelve months EPS of $40.02.
PE Ratio
Credit Acceptance Corporation has a trailing twelve months price to earnings ratio of 12.77. Meaning,
the purchaser of the share is investing $12.77 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 40.34%.
Volatility
Credit Acceptance Corporation’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.75%, a negative 0.14%, and a positive 2.61%.
Credit Acceptance Corporation’s highest amplitude of average volatility was 3.36% (last week), 3.91% (last month), and 2.61% (last quarter).
More news about Credit Acceptance Corporation (CACC).
