Published on 16 Mar 2024 on Simply Wall St. via Yahoo Finance
Those who invested in Credit Acceptance (NASDAQ:CACC) three years ago are up 51%
By buying an index fund, you can roughly match the market return with ease. But many of us dare to dream of bigger returns, and build a portfolio ourselves. Just take a look at Credit Acceptance Corporation (NASDAQ:CACC), which is up 51%, over three years, soundly beating the market return of 16% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 39% in the last year.
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
View our latest analysis for Credit Acceptance