CACC Stock Earnings Credit Acceptance Beats EPS, Beats Revenue for Q1 2024
CACC Stock | USD 494.24 11.04 2.28% |
About 55% of Credit Acceptance's shareholders are presently thinking to get in. The current sentiment regarding investing in Credit Acceptance stock implies that some traders are interested. The current market sentiment, together with Credit Acceptance's historical and current headlines, can help investors time the market. In addition, many technical investors use Credit Acceptance stock news signals to limit their universe of possible portfolio assets.
Credit |
CACC stock results show that Credit Acceptance beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.
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Credit Acceptance Fundamental Analysis
We analyze Credit Acceptance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Credit Acceptance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Credit Acceptance based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Credit Acceptance is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Credit Acceptance Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Credit Acceptance stock to make a market-neutral strategy. Peer analysis of Credit Acceptance could also be used in its relative valuation, which is a method of valuing Credit Acceptance by comparing valuation metrics with similar companies.
Peers
Credit Acceptance Related Equities
WRLD | World Acceptance | 3.06 | ||||
FCFS | FirstCash | 1.47 | ||||
ECPG | Encore Capital | 0.65 | ||||
DORM | Dorman Products | 2.12 | ||||
CRVL | CorVel Corp | 2.49 |
Complementary Tools for Credit Stock analysis
When running Credit Acceptance's price analysis, check to measure Credit Acceptance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Credit Acceptance is operating at the current time. Most of Credit Acceptance's value examination focuses on studying past and present price action to predict the probability of Credit Acceptance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Acceptance's price. Additionally, you may evaluate how the addition of Credit Acceptance to your portfolios can decrease your overall portfolio volatility.
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