Credit Acceptance is set to announce its second-quarter earnings after the market closes on Tuesday. Analysts expect revenue to grow 15.6% year on year, an acceleration from the 3.8% increase in the same quarter last year. Last quarter, the company reported revenues of $406 million, up 1.4% year on year, but missed EBITDA estimates. The stock is down 13.6% over the past month, heading into earnings with an average analyst price target of $628.33 against a current share price of $568.91.
Credit Acceptance CorporationQ2 earnings report upcoming; revenue growth expected but last quarter missed EBITDA estimates, stock down 13.6%.