Credit Acceptance Stock Piotroski F Score

CACC Stock  USD 551.55  0.05  0.01%   
This module uses fundamental data of Credit Acceptance to approximate its Piotroski F score. Credit Acceptance F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Credit Acceptance. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Credit Acceptance financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Credit Acceptance Altman Z Score, Credit Acceptance Correlation, Credit Acceptance Valuation, as well as analyze Credit Acceptance Alpha and Beta and Credit Acceptance Hype Analysis.
For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.
  
At present, Credit Acceptance's Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Long Term Debt is expected to grow to about 5.3 B, whereas Short Term Debt is forecasted to decline to about 70.4 M. At present, Credit Acceptance's Price To Sales Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Days Of Payables Outstanding is expected to grow to 246.68, whereas Short Term Coverage Ratios is forecasted to decline to 15.43.
At this time, it appears that Credit Acceptance's Piotroski F Score is Unavailable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Unavailable
Current Return On Assets

Positive

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Credit Acceptance Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Credit Acceptance is to make sure Credit is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Credit Acceptance's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Credit Acceptance's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.05580.0376
Way Up
Slightly volatile
Asset Turnover0.180.2499
Way Down
Pretty Stable
Gross Profit Margin0.550.6754
Significantly Down
Slightly volatile
Net Debt5.3 B5.1 B
Sufficiently Up
Slightly volatile
Total Current Liabilities419.8 M399.8 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total5.7 B5.5 B
Sufficiently Up
Slightly volatile
Total AssetsB7.6 B
Sufficiently Up
Slightly volatile
Total Current Assets7.8 B7.4 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities1.1 B1.2 B
Notably Down
Slightly volatile

Credit Acceptance F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Credit Acceptance's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Credit Acceptance in a much-optimized way.

About Credit Acceptance Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Price Book Value Ratio

3.94

At present, Credit Acceptance's Price Book Value Ratio is projected to slightly decrease based on the last few years of reporting.

About Credit Acceptance Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Credit Acceptance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Credit Acceptance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Credit Acceptance based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company was founded in 1972 and is headquartered in Southfield, Michigan. Credit Acceptance operates under Credit Services classification in the United States and is traded on NASDAQ Exchange. It employs 2073 people.

Credit Acceptance Investors Sentiment

The influence of Credit Acceptance's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Credit. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Credit Acceptance's public news can be used to forecast risks associated with an investment in Credit. The trend in average sentiment can be used to explain how an investor holding Credit can time the market purely based on public headlines and social activities around Credit Acceptance. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Credit Acceptance's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Credit Acceptance's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Credit Acceptance's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Credit Acceptance.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Credit Acceptance in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Credit Acceptance's short interest history, or implied volatility extrapolated from Credit Acceptance options trading.

Pair Trading with Credit Acceptance

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Credit Acceptance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Credit Acceptance will appreciate offsetting losses from the drop in the long position's value.

Moving together with Credit Stock

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Moving against Credit Stock

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The ability to find closely correlated positions to Credit Acceptance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Credit Acceptance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Credit Acceptance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Credit Acceptance to buy it.
The correlation of Credit Acceptance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Credit Acceptance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Credit Acceptance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Credit Acceptance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Credit Acceptance offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Credit Acceptance's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Credit Acceptance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Credit Acceptance Stock:
Check out Credit Acceptance Altman Z Score, Credit Acceptance Correlation, Credit Acceptance Valuation, as well as analyze Credit Acceptance Alpha and Beta and Credit Acceptance Hype Analysis.
For information on how to trade Credit Stock refer to our How to Trade Credit Stock guide.
Note that the Credit Acceptance information on this page should be used as a complementary analysis to other Credit Acceptance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Complementary Tools for Credit Stock analysis

When running Credit Acceptance's price analysis, check to measure Credit Acceptance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Credit Acceptance is operating at the current time. Most of Credit Acceptance's value examination focuses on studying past and present price action to predict the probability of Credit Acceptance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Acceptance's price. Additionally, you may evaluate how the addition of Credit Acceptance to your portfolios can decrease your overall portfolio volatility.
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Is Credit Acceptance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Credit Acceptance. If investors know Credit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Credit Acceptance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.24)
Earnings Share
22.01
Revenue Per Share
69.418
Quarterly Revenue Growth
(0.11)
Return On Assets
0.0394
The market value of Credit Acceptance is measured differently than its book value, which is the value of Credit that is recorded on the company's balance sheet. Investors also form their own opinion of Credit Acceptance's value that differs from its market value or its book value, called intrinsic value, which is Credit Acceptance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Credit Acceptance's market value can be influenced by many factors that don't directly affect Credit Acceptance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Credit Acceptance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credit Acceptance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credit Acceptance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.