Credit Acceptance Corp $ 482 -13.83 (-2.79%)
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Current and historical daily P/E ratio for CACC (Credit Acceptance Corp) from 1992 to Aug 14 2020. The price to earnings ratio is calculated by taking the current stock price and dividing it by the most recent trailing twelve-month earnings per share (EPS) number. The data is updated every 20 minutes during market hours. The P/E ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. Therefore, lower-P/E stocks are more attractive than higher P/E stocks so long as the P/E ratio is positive. Also for stocks with the same P/E ratio, the one with faster growth business is more attractive. Credit Acceptance stock (CACC) PE ratio as of Aug 14 2020 is 26.58. More Details
Credit Acceptance PE Ratio (TTM) Historical Data
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Credit Acceptance PE Ratio (TTM) Comparison
|Company||Market Cap(Mil)||PE Ratio (TTM)|
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Address 25505 West Twelve Mile Road, Southfield, MI, USA, 48034-8339
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.