Credit Acceptance Corp (CACC)
Credit Acceptance Corp (CACC) is a leading provider of automotive financing and sale-leaseback programs in the United States. The company specializes in providing used car dealers with installment loan solutions for consumers, particularly those with subprime credit. Founded in 1972, Credit Acceptance works through a network of independent automotive dealers, offering comprehensive financing options to facilitate vehicle sales and help customers build or improve their credit profiles.
Company News
Credit Acceptance Corporation has been named to the 2024 list of Top Workplaces for Remote Work, ranking #2 out of 54 companies in the 500-plus employee-size category. The company's remote-first policy, strong culture, and recognition as a top workplace have contributed to this achievement.
The article discusses five financial stocks that may be overbought and could potentially collapse in the near future, based on their RSI (Relative Strength Index) levels.
Credit Acceptance's (CACC) revenues will likely continue to improve, supported by decent increases in dealer enrollments and active dealers. Yet, elevated costs might hurt profits.
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A new lawsuit claiming Credit Acceptance misled investors in more than $7 billion worth of subprime auto asset-backed bonds adds to sector risks.
