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Stock impact report

Andrew Left throws in the towel on his bearish call on a subprime lending stock that he now says is poised to rally [Business Insider]

Credit Acceptance Corporation (CACC) 
Last credit acceptance corporation earnings: 1/30 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.creditacceptance.com/investor-relations
Have an account? Log in Andrew Left has changed his tune on a subprime auto lender he had criticized. His firm recently published a report on Credit Acceptance Corp, which Left now says is mispriced. The famed short-seller is optimistic about its growth prospects as regulatory headwinds ease. Andrew Left has correctly called some famous market blowups, but this week, he's reversed course on a stock and is turning bullish. Loading audio narration... The short-seller wrote that he has turned bullish on Credit Acceptance Corporation , a subprime auto lender. His firm, Citron Research, published a report on the company, arguing that it has changed course, with the stock poised to gain. According to Citron, the stock has a fair value of $714 a share, about 40% higher than current levels. Citron has covered the stock for years, but, as Left noted in the report, the firm's view has been mostly negative. However, the shifting of multiple regulatory headwinds has led him to a Show less Read more
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