Credit Acceptance Corp

Price is consolidating around the converged 9/20 EMA and 50 SMA following a Bullish Pivot Point, signaling structural repair and mean-reversion upside. Medium-term bias remains bullish, but short-term timing is neutral while price holds in the EMA zone. Deferred buy entries into pullbacks near support are advised ahead of a decisive break above resistance.

• ↑Q2 GAAP net income rose 71% YoY to $135.9M; EPS $12.66.
• ↑Provision for credit losses declined while yields on new loans improved.
• ↓Forecasted loan portfolio cash flows decline 0.3%; prepayments slower than expected.