5 Best Mid Cap Stocks To Own Right Now

5 Best Mid Cap Stocks To Own Right Now: Credit Acceptance Corporation(CACC)

Credit Acceptance Corporation, together with its subsidiaries, provides auto loans, and related products and services to consumers in the United States. Its loan programs include portfolio program, which advances money to dealer-partners in exchange for the right to service the underlying consumer loans; and purchase program that buys the consumer loans from the dealer-partners and keeps amounts collected from the consumers. The company markets its products through a network of approximately 55,000 independent and franchised automobile dealers. Credit Acceptance Corporation was founded in 1972 and is headquartered in Southfield, Michigan.

Advisors' Opinion:

• [By Eric Volkman]

  Credit Acceptance (NASDAQ: CACC  ) will see big blocks of its shares change hands over the next few days. The company has specified the pricing of a previously announced underwritten public secondary stock common offering of $105.00 per share. Trusts associated with the firm's founder Donald Foss, in combination with Karol Foss and people and entities connected with Prescott General Partners, aim to sell a combined 1.5 million of their shares. Additionally, the underwriters will have a 30-day option to buy up to an extra 225,000 shares.

• [By Richard Moroney]

  Credit Acceptance (CACC) provides financing for auto purchases through a national network of nearly 4,500 car dealers. Its programs help dealers sell cars by attracting credit-challenged consumers unable to get conventional loans.

source from Top Stocks For 2015:http://www.topstocksblog.com/5-best-mid-cap-stocks-to-own-right-now-2.html