Credit Acceptance Corp. (MI) (CACC) was one of the Russell 2000's biggest losers for Monday January 11 as the stock slid 5.07% to $196.32, a loss of $-10.48 per share. Starting at an opening price of $207.70 a share, the stock traded between $192.57 and $207.70 over the course of the trading day. Volume was 104,392 shares over 1,307 trades, against an average daily volume of 170,450 shares and a total float of 20.6 million.
The losses send Credit Acceptance Corp. (MI) down to a market cap of $4.04 billion. In the last year, Credit Acceptance Corp. (MI) has traded between $277.98 and $132.42, and its 50-day SMA is currently $201.03 and 200-day SMA is $214.35.
The stock has a P/E Ratio of 14.9.
Credit Acceptance Corp is a financing company. The Company offers automobile dealers financing programs that enable them to sell vehicles to consumers regardless of their credit history.
Credit Acceptance Corp. (MI) is based out of Southfield, MI and has some 1,303 employees. Its CEO is Brett A. Roberts.
For a complete fundamental analysis analysis of Credit Acceptance Corp. (MI), check out Equities.com’s Stock Valuation Analysis report for CACC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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