Credit Acceptance (CACC) has disclosed a new risk, in the Cyber Security category.
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Credit Acceptance’s reliance on secure information technology is a significant vulnerability, as both the company and its third-party service providers are continuously exposed to cyber threats. Despite existing security measures, these defenses may be inadequate against evolving cyberattacks that could lead to unauthorized access or system disruptions. Such incidents not only pose a risk of financial loss and legal repercussions for Credit Acceptance but could also severely damage its reputation and erode stakeholder trust. Consequently, these cybersecurity challenges may materially impact the company’s operations and financial health.
Overall, Wall Street has a Moderate Sell consensus rating on CACC stock based on 1 Sell and 2 Holds.
To learn more about Credit Acceptance’s risk factors, click here.
