BTIG Keeps a Sell Rating on Credit Acceptance Corp (CACC)

By Austin Angelo

BTIG analyst Giuliano Bologna reiterated a Sell rating on Credit Acceptance Corp (CACCResearch Report) yesterday and set a price target of $340. The company’s shares closed yesterday at $486.95, close to its 52-week high of $509.99.

According to TipRanks.com, Bologna is a 1-star analyst with an average return of -9.4% and a 45.0% success rate. Bologna covers the Financial sector, focusing on stocks such as Santander Consumer USA, OneMain Holdings Inc, and Synchrony Financial.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Credit Acceptance Corp with a $391.67 average price target, implying a -19.6% downside from current levels. In a report released today, Credit Suisse also reiterated a Sell rating on the stock with a $380 price target.

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The company has a one-year high of $509.99 and a one-year low of $356.12. Currently, Credit Acceptance Corp has an average volume of 94.26K.

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Credit Acceptance Corp. engages in the provision of dealer financing programs that enables automobile dealers to sell vehicles to consumers, regardless of its credit history. Its financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers.