Citron Research reiterated its bullish stance on Credit Acceptance Corp. (NASDAQ:CACC) Friday, maintaining a $714 fair value target.
Writing on X, Citron said critics have the comparison to goeasy completely backwards.
“goeasy just handed us the best proof yet of why CACC is the only non-prime lender worth owning,” Citron posted Friday.
goeasy’s Numbers Tell the Story
Andrew Left’s Citron pointed directly to goeasy’s recent results as the contrast it needed.
The firm cited $330 million in quarterly charge-offs, an emergency restructuring, and a merchant channel collapse at the Canadian lender.
Citron is waiting on an 8-K that it says will disclose the settlement details.
“That’s what non-prime lending looks like without CACC’s dealer-first structure, 30-year collections infrastructure, and pool-level loss pricing built in from day one,” Citron wrote.
What …
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