Preview: Credit Acceptance's Earnings
Portfolio Pulse from Benzinga Insights
Credit Acceptance (NASDAQ:CACC) is set to release its quarterly earnings report on October 30, 2024. Analysts expect an EPS of $9.05. Despite past earnings beats, the stock has experienced price drops, highlighting the importance of future guidance. Analysts currently rate the stock as 'Sell' with a price target of $400, indicating a potential downside. Credit Acceptance faces challenges with low net margins and high debt levels, but shows strong revenue growth compared to peers.
October 29, 2024 | 6:01 pm
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Credit Acceptance is expected to report an EPS of $9.05. Despite past earnings beats, the stock has seen price drops, emphasizing the importance of future guidance. Analysts rate it as 'Sell' with a $400 price target, suggesting a potential downside.
Credit Acceptance's past earnings beats have not prevented stock price drops, indicating that future guidance is crucial. The current 'Sell' rating and $400 price target suggest a bearish outlook, with potential downside risk.
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