(VIANEWS) – The NASDAQ ended the session with Credit Acceptance Corporation rising 11.17% to $514.30 on Wednesday, following the last session’s upward trend. NASDAQ rose 2% to $11,816.32, following the last session’s upward trend on what was an all-around bullish trend trading 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 12.85. Meaning,
the purchaser of the share is investing $12.85 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%.
Volume
Today’s last reported volume for Credit Acceptance Corporation is 273981 which is 117.68% above its average volume of 125863.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 51% and a negative 48.6%, respectively.
More news about Credit Acceptance Corporation (CACC).
