Credit Acceptance Corporation provides automobile dealers financing programs, and related products and services that enable them to sell vehicles to consumers. The company was founded in 1972 and is based in Southfield, Michigan.
CACC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Credit Acceptance Corp. To summarize, we found that Credit Acceptance Corp ranked in the 65th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 130.5%. The most interesting components of our discounted cash flow analysis for Credit Acceptance Corp ended up being:
Credit Acceptance Corp's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 9.16% of tickers in our DCF set.
Relative to other stocks in its sector (Financial Services), Credit Acceptance Corp has a reliance on debt greater than 62.35% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CACC, try TRV, PRI, DFIN, HRTG, and Y.
Shareholders will not be able to attend the Annual Meeting physically in person. Only shareholders of record of the Company at the close of business on May 21, 2020, the record date for the Annual Meeting, are entitled to notice of and to vote at the Annual Meeting. Shareholders of record as of the record date will be able to attend and participate in the Annual Meeting online by logging in to the Meeting Center at www.meetingcenter.io/217422590 using the 15-digit control number found on their proxy card or Notice of Internet Availability of Proxy Materials or on the instructions that accompanied their proxy materials.
Credit Acceptance (CACC) says the Consumer Financial Protection Bureau is seeking more information from the company related to 2019 investigation seeking information on origination and collection of consumer loans, TPPs and credit reporting.It received the second civil investigation demand on May 7, 2020; CACC raised various objections to that CID and...
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