Credit Acceptance Corporation (CACC) : Credit Acceptance Corporation (CACC) had a healthy money flow of $4.64 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $36.81 million, whereas, investors only sold shares worth $32.18 million on downticks. The stock closed the day with an up-down ratio of 1.14.The money flow in the block trades to the tune of $0 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0 million worth of transactions were on upticks. Credit Acceptance Corporation (CACC) stock slid $5.44 intraday and traded at 193.67, a change of -2.73% over previous days close. However, for the week, the company shares are -2.18% compared to previous weeks close.
Credit Acceptance Corporation (CACC) : The highest short term price target forecast on Credit Acceptance Corporation (CACC) is $190 and the lowest target price is $150. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $167.2 with a standard deviation of $17.17.
Credit Acceptance Corporation (NASDAQ:CACC): On Fridays trading session , Opening price of the stock was $199.27 with an intraday high of $204.655. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $193. However, the stock managed to close at $193.67, a loss of 2.73% for the day. On the previous day, the stock had closed at $199.11. The total traded volume of the day was 525,022 shares.
In a related news, The Securities and Exchange Commission has divulged that Foss Donald A, director officer 10% owner (Chairman) of Credit Acceptance Corp, had unloaded 400 shares at an average price of $220.1 in a transaction dated on March 9, 2016. The total value of the transaction was worth $88,040.
Credit Acceptance Corporation (Credit Acceptance) is a provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The Companys financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers, and from sales to customers responding to advertisements for it products. The Company has two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, it advances money to dealer (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealer (Purchased Loan) and keeps all amounts collected from the consumer. Its target market is independent and franchised automobile dealers in the United States. It provides dealers the ability to offer vehicle service contracts to consumers through its relationships with third-party providers (TPPs).