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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%.
Is CACC going up? Or down? Predict to see what others think: Up or Down
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
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Strength Seen in Credit Acceptance Corporation (CACC): Stock Soars 8.8%
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
Credit Acceptance Corporation Price and Consensus | Credit Acceptance Corporation Quote
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
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>