Stock News Summary: Credit Acceptance Corporation (NASDAQ: CACC)

On Friday, Credit Acceptance Corporation (NASDAQ: CACC) spotted trading -16.02% off 52-week high price. On the other end, the stock has been noted 20.27% away from the low price over the last 52-weeks. The stock changed -1.00% to recent value of $428.3. The stock transacted 79519 shares during most recent day however it has an average volume of 95.68K shares. The company has 18.79M of outstanding shares and 13.19M shares were floated in the market.

Credit Acceptance Corporation (CACC) recently reported consolidated net income of $165.4M, or $8.73 per diluted share, for the three months ended September 30, 2019 contrast to consolidated net income of $151.0M, or $7.75 per diluted share, for the same period in 2018. For the nine months ended September 30, 2019, consolidated net income was $494.2M, or $26.06 per diluted share, contrast to consolidated net income of $422.1M, or $21.68 per diluted share, for the same period in 2018.

Adjusted net income, a non-GAAP financial measure, for the three months ended September 30, 2019 was $168.4M, or $8.89 per diluted share, contrast to $147.2M, or $7.56 per diluted share, for the same period in 2018. For the nine months ended September 30, 2019, adjusted net income was $484.9M, or $25.56 per diluted share, contrast to adjusted net income of $401.5M, or $20.62 per diluted share, for the same period in 2018.

Its earnings per share (EPS) expected to touch remained 0.80% for this year while earning per share for the next 5-years is expected to reach at 20.03%. CACC has an operating margin of 71.20% while its profit margin remained 44.70% for the last 12 months. According to the most recent quarter its current ratio was # ref that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.09% from the mean of 20 days, -5.09% from mean of 50 days SMA and performed -7.38% from mean of 200 days price. Company’s performance for the week was -2.42%, -2.65% for month and YTD performance remained 12.19%.

 

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