CACC Price Prediction Next Week
Technical Analysis: Based on recent price action, CACC shows a bearish trend with significant resistance at $492.39 level. The stock has crossed above analyst target prices, suggesting potential overvaluation at current levels.
Fundamental Analysis:
- Recent Q4 2024 performance shows mixed results with record-high loan portfolio of $8.9 billion
- Collections improved to $1.3 billion, but growth slowed with decreased financed contracts
- Active dealer count declined slightly to 10,149 in Q4 2024
Analyst Sentiment: TD Cowen maintains Sell rating with $450 price target, citing:
- Weaknesses in loan originations
- Declining net cash flow rates over past seven quarters
- Underperformance of 2022 vintage
- Potential risks in 2023 and 2024 vintages
Price Prediction for Next Week: Based on technical and fundamental factors:
- Resistance: $492.39
- Support: $450.00
- Target Price: $465-470
Recommendation: SELL Rationale:
- Stock trading above analyst consensus target of $476.60
- Fundamental weaknesses in loan originations and cash flows
- Technical indicators showing overbought conditions
- Multiple analyst concerns about growth trajectory and vintage performance
Expected price movement: 4-5% downside potential in the next trading week, with stock likely to test support levels around $450.
CACC Similar Chart Price Prediction
The price of CACC is predicted to go up -4.51%, based on the high correlation periods with SCHL. The similarity of these two price pattern on the periods is 95.13%.
CACC
SCHL
Down: -4.51%Similarity: 95.13%
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CACC Analyst's Forecast
Kyle Joseph
Stephens & Co.
Hold
2025-01-31
Price Target
$452 → $500
Downside
-1.53%
Stephens analyst Kyle Joseph raised the firm's price target on Credit Acceptance to $500 from $452 and keeps an Equal Weight rating on the shares. Q4 adjusted EPS topped the firm's and Street's estimates as expenses were "well below" Stephens' estimate, primarily as a result of a lower than forecast provision, the analyst tells investors. Loan growth remains strong and dealer engagement is increasing, while newer, higher quality loans are replacing the troubled 2022 vintage, which "should pave the way for greater earnings stability," the analyst tells investors.
Moshe Orenbuch
TD Cowen
Strong Sell
2024-11-01
Price Target
$400 → $380
Downside
-8.94%
