CACC Price Prediction Next Week
Analysis and Insights
News Sentiment and Analyst Ratings:
Recent news indicates mixed sentiment for Credit Acceptance Corporation (CACC). Analysts have maintained a cautious outlook, with Moshe Orenbuch from TD Cowen reiterating a Sell rating and a price target of $450, citing concerns over loan origination weaknesses and declining cash flow. However, the stock has recently surpassed the average analyst target price of $476.60, trading at $492.39, prompting some analysts to consider revising their targets.
Technical Analysis:
The stock is currently trading at $514.37, with key technical indicators showing mixed signals:
- RSI: 58.94 (RSI_6), 53.62 (RSI_12), and 52.88 (RSI_14), indicating the stock is not overbought.
- MACD: -1.13, showing a bearish signal.
- Stochastic Oscillator: StochK (88.33) and StochD (85.28) suggest overbought conditions.
- Fibonacci Levels: Resistance at 528.25 and support at 481.96.
Price Prediction and Recommendation:
Given the mixed technical signals and the cautious analyst outlook, the stock is expected to face resistance at the Fibonacci level of 528.25. A pullback to the support level of 481.96 is possible if the stock fails to break above the resistance.
Price Prediction: $510 - $505
Recommendation: Sell
CACC Similar Chart Price Prediction
The price of CACC is predicted to go up 1.55%, based on the high correlation periods with SLRC. The similarity of these two price pattern on the periods is 92.91%.
CACC
SLRC
Up: 1.55%Similarity: 92.91%
CACC Revenue Forecast
CACC EPS Forecast
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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%
