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Actionable news in CACC: Credit Acceptance Corporation,

Credit Acceptance's Options Are Worth Selling Before Earnings

Credit Acceptance Corporation (CACC) is a provider of financing programs to automobile dealers that enable them to sell vehicles to consumers. The company's financing programs are offered through a nationwide network of automobile dealers; from repeat and referral sales generated by customers, and from sales to customers responding to advertisements for it products. It is reporting earnings on Friday, July 29, after market close:

(Source: TD Waterhouse)

As evident from the above, the company beat earnings estimates in 88% of time in the last eight quarters, underperforming or showing in-line results in 12% of time, and has seen substantial...


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