Is Credit Acceptance a public company?

Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.

Should I buy CACC stock?

The consensus among Wall Street analysts is that investors should “hold” Credit Acceptance stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CACC, but not buy additional shares or sell existing shares.

Who is the owner of Credit Acceptance?

Credit Acceptance is led by chairman, CEO, and founder Donald A. Foss, who controls approximately 52 percent of the company’s stock. Don Foss, named to the Forbes list of the 400 wealthiest Michigan residents in 1996, graduated from Detroit High School in 1964. By 1967, Foss had opened his first used car lot.

How does Credit Acceptance make money?

The way the business works is that Credit Acceptance works directly with car dealers to help them sell cars to customers who want to use financing for the purchase. The dealer attracts the customer, and Credit Acceptance provides the financing.

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