Credit Acceptance Corp
CACC
$532.55
Closing
▼-0.99%
1D
▼-0.03%
YTD
Market cap
$6.55B
52 week high
$614.99
52 week low
$380.00
Volume
15,383
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Market cap
$6.55B
Analysts' Rating
HOLD
Price Target (Mean)
405
Total Analysts
4
P/E
24.42
Operating Margin
34.89%
Beta
1.44
Revenue Growth (Annual)
-1.27%
52 week high
$614.99
52 week low
$380.00
Div. Yield
%
EPS Annual Growth
221.30
Note on Purification and Zakat
- Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
- If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
- For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Credit Acceptance Corporation is engaged in offering financing programs that enable automobile dealers to sell vehicles to consumers. The Company’s financing programs are offered through a nationwide network of automobile dealers. The Company offers two programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers, which is referred to as dealer loan in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers, which is referred to as a purchased loan and keep all amounts collected from the consumer. Its target market consists of approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers, and support active dealers.
