[GlobeNewswire] - SOUTHFIELD, Mich. -- Credit Acceptance Corporation announced consolidated net income of $49.0 million, or $1.55 per diluted share, for the three months ended June 30, 2010 compared to consolidated net income of $36.2 million, or $1.15 per diluted share, for the same period in 2009.
[GlobeNewswire] - SOUTHFIELD, Mich. -- Credit Acceptance Corporation announced today that we expect to issue a news release with our second quarter 2010 earnings on Tuesday, August 3, 2010, after the market closes.
Several times a week, Seeking Alpha's Jason Aycock asks money managers about their single highest-conviction position - what they would own (or short) if they could choose just one stock or ETF.
[Editor's note: This story was updated to reflect that John Hecht of JMP Securities covers United PanAm Financial's stock; and to clarify that Consumer Portfolio Services (CPSS) did...
As we close out a tumultuous year that took us from the depths of fear about the future of capitalism as we know it, to the heights of optimism, we enter 2010 with a cautious but hopeful view that the next shoe to drop—whatever it might be—will not lead to another maelstrom.
From teetering at the edge of the abyss in March, brave investors rode a classic V-bottom recovery straight through year-end. And our list of 15 Top Stocks for 2009 (13 main picks plus 2 bonus picks) performed extremely well, chalking up a robust 41% gain...
The third quarter earnings season is about over. It's time to take stock (no pun intended, well, maybe it was).
After each quarter's earnings season, I try to pull together what I call the Growth Report. Part 1 compiles the list of stocks that have shown a year-over-year increase in both revenue and earnings AND a sequential quarter-over-quarter increase in both revenue and earnings. Given the perception that the economic downturn is easing, it will be interesting to see how many companies...
Let the good times roll! That pretty much has to be your mindset if you want to try to invest using the CANSLIM concepts presented by William O'Neil. When it comes to investment attributes, it seems like he demands just about everything -- except value. This is reflected in the track record of the model we built based upon his ideas. Relative to our full collection of all-star models, this one was top ranked during four-week periods in which the market rose, but ran dead last during periods when the market fell (performance was still positive, but the average gain...
Wednesday morning, Bloomberg Television reported that Telecommunications had overtaken Financials for the current year to date "weakness" prize. This does not mean, however, that the crisis in the financials is over, particularly from a fundamental standpoint, and this is especially true for those companies that target individual consumers. In particular, automobile finance companies face a number of continued fundamental challenges.
First, the consumer spending crunch is far from over. This is due to a number of factors including increased unemployment and an increased reticence by many consumers to purchase discretionary items. The unemployment side of the equation was highlighted...
Our most recent post on CACC generated many thoughtful comments and questions, and I wanted to provide an update on some recent negative events and address some of the questions.Based upon recent events and capital markets activity, I have increased my conviction in a $7.50 price target, which is 56% below yesterday's (7/30/08) close of $17.16.
Access to debt capital continues to be a massive overhang for Credit Acceptance (CACC), and the current stock price does not adequately discount the risk of deleveraging the balance sheet (or worse).Recent events at Wachovia...
The current bear market in U.S. equities has been characterized by broad fears regarding credit, the subprime consumer, the collapsing auto market, and the health of financial institutions. Credit Acceptance Corp (CACC) has significant exposure to every single one of these pain points, yet the stock is flat in 2008 which seems illogical compared to the carnage of the KBW Bank Index (KBE) which is down 38% year-to-date. I believe that given worsening credit, a ridiculous valuation, opaque accounting,...
CapitalSource Inc. (CSE) [Chart - Analysis - News] released its most recent earnings statement about a month ago on Friday, July 30th. CapitalSource Inc. beat expectations with a loss of 6 cents ...
By Chip Brian Below are the top five companies in the Consumer Finance industry as measured by beta. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less ...
By Chip Brian Below are the top five companies in the Consumer Finance industry as ranked by operating margin. A healthy operating margin is required for a company to pay for its fixed costs and ...
By Chip Brian Below are the top five companies in the Consumer Finance industry as measured by return on equity (ROE). The ROE is a general indication of the company's efficiency; Investors ...
By Chip Brian Below are the top five companies in the Consumer Finance industry as measured by beta. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less ...
Credit Acceptance Corp. (CACC) [Chart - Analysis - News] established a new 52-week high yesterday at $59.75. Clearly investors are enthusiastic about the firm's prospects. The rally was ...
White River Capital Inc. (AMEX:RVR) is the 1st best-performing stock year-to-date in this segment of the market. It has risen 49.91% since the beginning of this year. Its price percentage change ...
Another beautiful consolidation day where the strong stocks continued to have big gains. We are finally seeing some real moves and not just short covering on the quality names. The only problem ...
Credit Acceptance Corp. (CACC) [Chart - Analysis - News] established a new 52-week high yesterday at $58.72. Clearly investors are enthusiastic about the firm's prospects. The rally was ...
By Chip Brian Below are the top five companies in the Consumer Finance industry in terms of sales growth. First Marblehead (NYSE:FMD) had sales growth of 87.1% during the last fiscal year. The ...
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