CREDIT ACCEPTANCE CORP (CACC) Form 8-K — Oct 29, 2026
Credit Acceptance reported a Q3 2026 GAAP net loss of $56.6 million, or $5.43 per diluted share, versus net income of $108.2 million ($9.43 per diluted share) in Q3 2025. The swing was driven by a 170.3% increase in provision for credit losses to $410.9 million, including a $193.8 million increase tied to a downward adjustment in its loan cash-flow forecasting methodology for 2022-2026 vintages. On an adjusted basis the picture was much stronger: adjusted net income rose 14.9% to $135.5 million ($13.01 per diluted share), economic profit rose 17.9% to $50.7 million, and Consumer Loan assignment volume jumped 37.7% in units and 51.0% in dollars to a record 12,093 active dealers.
Key figures
- Revenue
- 594600000
- Cash Position
- 1200000000
- Shares Outstanding
- 10137333
- Buyback cost
- 161600000
- Active dealers
- 12093
- Buyback shares
- 269150
- Economic profit
- 50700000
- Total liquidity
- 1200000000
- Adjusted net income
- 135500000
- Unit volume yoy pct
- 37.7
- Dollar volume yoy pct
- 51
- Average loan portfolio
- 8100000000
- Provision increase pct
- 170.3
- Abs financing completed
- 600000000
- Assignment dollar volume
- 1400000000
- Adjusted net income yoy pct
- 14.9
- Diluted weighted avg shares
- 10416624
- Loan assignment unit volume
- 110010
- Provision on forecast changes
- 281900000
- Forecast cash flow decline pct
- -2.5
- Total provision for credit losses
- 410900000
- Adjusted net income per diluted share
- 13.01
AI analysis
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