Consumer auto loan company Credit Acceptance Corp (NASDAQ:CACC) has had a very good quarter. The stock price rocketed up from ~$110 late last fall to ~$130 today, and the firm beat 4Q2013 EPS consensus estimates by $0.06 a share. Revenues were up 2% quarter-over-quarter, and 10% year-over-year. Now though, just when investors may be getting the most excited about the firm, I am losing enthusiasm. While the CACC headlines looked good, the firm also saw elevated operating expenses and new advances to auto dealers seems more sluggish (up 8% y-o-y) than it should have been (I expected up 15% y-o-y) given the virtual euphoria in the markets over everything auto related.
Further, Autonation (NYSE:AN) CEO Mike...
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