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Strength Seen in Credit Acceptance Corporation (CACC): Stock Soars 8.8%

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Credit Acceptance Corporation (CACC - Free Report) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $240.99 –$256.83 in the past one-month time frame, witnessed a sharp increase yesterday/on Friday.

The move came after the company reported solid second-quarter 2017 results.

The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future. 

Credit Acceptance currently has a Zacks Rank #3 (Hold) while its Earnings ESP is  0.00%.

Credit Acceptance Corporation Price and Consensus

A better-ranked stock in the Financial - Consumer Loansindustry is First Cash, Inc. (FCFS - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is CACC going up? Or down? Predict to see what others think: Up or Down

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