Previous close | 0.5000 |
Open | N/A |
Bid | 1.8500 |
Ask | 10.0000 |
Strike | 720.00 |
Expiry date | 2024-06-21 |
Day's range | 0.5000 - 0.5000 |
Contract range | N/A |
Volume | |
Open interest | 1 |
Southfield, Michigan, June 17, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have extended the maturity of our revolving secured line of credit facility with a commercial bank syndicate from June 22, 2026 to June 22, 2027. The interest rate on borrowings under the facility has changed from the Bloomberg Short-Term Bank Yield Index rate plus 187.5 basis points to the Secured O
Credit Acceptance's (CACC) revenues will likely continue to improve, supported by decent increases in dealer enrollments and active dealers. Yet, elevated costs might hurt profits.
Over the past year, the United States stock market has shown robust growth with a 21% increase, despite a recent dip of 1.2% over the last seven days. In this environment, companies with high insider ownership can be particularly compelling as they often signal strong confidence from those closest to the business.