The No. 1 AI Stock of 2024 (Not Nvidia)
It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.
Financials
| Curr Year EPS Estimate | 26.63 |
| Next Quarter EPS Estimate | 6.38 |
| Profit Margin | 0.46 |
| Return on Assets | 0.06 |
| Return on Equity | 0.18 |
| Revenue | 920,400,000 |
| Earnings Per Share | 23.47 |
| Revenue Per Share | 51.54 |
| Gross Profit | 882,500,000 |
| Quarterly Revenue Growth | 0.01 |
General
| Name | Credit Acceptance Corporation |
| Ticker | CACC |
| Exchange | NASDAQ |
| Sector | Financial Services |
| Industry | Credit Services |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 2,033 |
About Credit Acceptance Corporation
Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. Credit Acceptance Corporation was founded in 1972 and is headquartered in Southfield, Michigan.
Earnings
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