Credit Acceptance (CACC) Stock Forecast & Price Target

$447.69

+6.33 (+1.43%)

(As of 09/27/2024 ET)

Credit Acceptance - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 3 Analyst Ratings

Sell
1

Hold
2

Buy
0

Based on 3 Wall Street analysts who have issued ratings for Credit Acceptance in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 3 analysts, 1 has given a sell rating, and 2 have given a hold rating for CACC.

Consensus Price Target

$395.67
-11.62% Downside

According to the 3 analysts' twelve-month price targets for Credit Acceptance, the average price target is $395.67. The highest price target for CACC is $440.00, while the lowest price target for CACC is $347.00. The average price target represents a forecasted downside of -11.62% from the current price of $447.69.

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CACC Analyst Ratings Over Time

Type	Current Forecast 9/30/23 to 9/29/24	1 Month Ago 8/31/23 to 8/30/24	3 Months Ago 7/2/23 to 7/1/24	1 Year Ago 9/30/22 to 9/30/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$395.67	$395.67	$402.33	$400.00
Forecasted Upside	-11.62% Downside	-15.19% Downside	-22.21% Downside	-13.07% Downside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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CACC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CACC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Credit Acceptance Stock vs. The Competition

Type	Credit Acceptance	Finance Companies	S&P 500
Consensus Rating Score	1.67	2.46	2.50
Consensus Rating	Reduce	Hold	Hold
Predicted Upside	-11.62% Downside	12.81% Upside	6.16% Upside
News Sentiment Rating	Positive News See Recent CACC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/1/2024	TD Cowen 4 of 5 stars	Lower Target	Sell ➝ Sell	$440.00 ➝ $400.00	-19.47%
10/31/2023	BMO Capital Markets 4 of 5 stars	Lower Target	Market Perform ➝ Market Perform	$354.00 ➝ $347.00	-14.74%
10/31/2023	Stephens 4 of 5 stars	Reiterated Rating	Equal Weight ➝ Equal Weight	$440.00	+10.81%
5/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$400.00 ➝ $380.00	-23.81%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:37 AM ET.

CACC Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Credit Acceptance is $395.67, with a high forecast of $440.00 and a low forecast of $347.00.
: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Credit Acceptance in the last twelve months. There is currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CACC shares.
: According to analysts, Credit Acceptance's stock has a predicted downside of -11.62% based on their 12-month stock forecasts.
: Credit Acceptance has been rated by research analysts at TD Cowen in the past 90 days.
: Analysts like Credit Acceptance less than other "finance" companies. The consensus rating for Credit Acceptance is Reduce while the average consensus rating for "finance" companies is Hold. Learn more on how CACC compares to other companies.

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This page (NASDAQ:CACC) was last updated on 9/29/2024 by MarketBeat.com Staff

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