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Credit Acceptance Corp (CACC - Snapshot Report) continues to trade strong in the volatile market, recently hitting a new all-time high on another good quarter. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock has plenty of upward momentum.

Company Description

Credit Acceptence Corp provides auto and related loans in the United States. The company was founded in 1972 and has a market cap of $2.27 billion.

With consumers finding it difficult to secure credit at a big bank, specialty finance companies have been seeing strong demand. That showed up in early November when Credit Acceptence reported strong Q2 results that came in ahead of expectations.

Third-Quarter Results

Revenue for the period was up 20% from last year to $134 million. Earnings also came in strong at $1.88, 7.5% ahead of the Zacks Consensus Estimate, where the company has an average earnings surprise of 9.5% over the last four quarters.

The good quarter was driven by a simple combination of higher lending volume and stable collections rates.


We saw some pretty bullish movement in estimates off the good quarter, with the current year adding 27 cents to $7.05. The next-year estimate is pegged at $8.15, a bullish 16% growth projection.


With a PEG ratio of .78, CACC trades at a discount to the benchmark of 1 for value.

12-Month Chart

On the chart, shares have been rally for the last few months, recently hitting a new all-time high on the strong quarter. Take a look below.

Michael Vodicka is the Momentum Stock Strategist for He is also the Editor in charge of the market-beating Zacks Whisper Trader Service.

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