Credit Acceptance: A Proven Underwriter, Priced About Right (Hold) (NASDAQ:CACC)
· seekingalpha.com
Credit Acceptance is a subprime auto lender earning a 9.8% adjusted return on a cost of capital of 7.4%. Read why CACC stock is a hold.
Credit Acceptance ( CACC ) has spent over five decades financing used cars for borrowers with weak credit. They accept everyone, and they manage risk by adjusti...