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Credit Acceptance (CACC) Jumps: Stock Rises 8.1%

Credit Acceptance Corp.CACC was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the downtrend for the company since Oct 28, as the stock is now down almost 19%.

The company has seen two upward estimate revisions in the past 30 days and its Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

Credit Acceptance currently has a Zacks Rank #1 (Strong Buy).

Another favorably ranked fin-cons loan stock is Ally Financial Inc. ALLY with a Zacks Rank #2 (Buy).

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

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CREDIT ACCEPT (CACC): Free Stock Analysis Report

ALLY FINANCIAL (ALLY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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