How did CACC's Q1 2024 EPS surprise impact short-term trading?

CACC's Q1 2024 EPS surprise had a positive impact on short-term trading, as evidenced by the backtest results. The 3-Day win rate was 52.94%, the 10-Day win rate was 70.59%, and the 30-Day win rate was 47.06%, indicating that the stock performed well in the immediate aftermath of the earnings release. The maximum return observed was 6.27% over 30 days, suggesting that there was significant price appreciation in the short term following the earnings beat expectations.