(VIANEWS) – Shares of Credit Acceptance Corporation (NASDAQ: CACC) dropped by a staggering 15.25% to $422.67 at 11:22 EST on Tuesday, after three sequential sessions in a row of gains. NASDAQ is falling 0.44% to $12,159.39, following the last session’s downward trend. This seems, as yet, a somewhat bearish trend trading session today.
Credit Acceptance Corporation’s last close was $498.73, 23.15% below its 52-week high of $648.95.
About Credit Acceptance Corporation
Credit Acceptance Corporation engages in the provision of financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company 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. 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 incorporated in 1972 and is headquartered in Southfield, Michigan.
Earnings Per Share
As for profitability, Credit Acceptance Corporation has a trailing twelve months EPS of $40.05.
PE Ratio
Credit Acceptance Corporation has a trailing twelve months price to earnings ratio of 10.55. Meaning, the purchaser of the share is investing $10.55 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 31.08%.
More news about Credit Acceptance Corporation (CACC).
