
Credit Acceptance (CACC) Stock Forecast & Price Target
Credit Acceptance (CACC) Analyst Ratings
Bulls say
Credit Acceptance is a solid company that has a defensive business model and a growing TAM due to a tightening credit environment. Additionally, the company is expected to see an increase in collections and a decrease in provisioning requirements, while also benefitting from elevated tax refunds and higher used car prices. However, there are risks to achieving the target price for CACC, including ongoing litigation, dealer concentration and attrition, used vehicle prices and inventory availability, competition, credit loss rates, interest rates and funding disruptions.
Bears say
Credit Acceptance is a deep subprime automobile financing company that reported an EPS of $12.40 for the first quarter, higher than the analyst estimates of $11.15. However, the company faces regulatory challenges and declined collections, leading to weaker forecasted earnings and a decline in vintage. Additionally, the company's reliance on financing charges for a large portion of its revenue may be risky for long-term sustainability.
This aggregate rating is based on analysts' research of Credit Acceptance and is not a guaranteed prediction by Public.com or investment advice.
Credit Acceptance (CACC) Analyst Forecast & Price Prediction
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