{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-22-000081","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.860603+00:00","generated_at":"2026-06-22T20:49:08.873835+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Credit Acceptance Q3 GAAP net income falls 65% to $86.8M; loan performance weakens","bullets":["GAAP net income $86.8M ($6.49 EPS) vs $250.0M ($15.79 EPS) YoY; adjusted net income $178.5M ($13.36 EPS).","Consumer Loan unit volume up 29.3%, dollar volume up 32.1% YoY; active dealers increased 12.6%.","Provision for credit losses swung to $180.3M expense from $8.3M reversal, driven by $180.7M charge on forecast declines.","Forecasted collection rates declined for 2019-2022 loans, reducing forecasted net cash flows by $85.4M (0.9%).","Stock repurchased ~54k shares (0.4% of shares outstanding) during the quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-22-000081","json":"https://secwatch.observer/filing/0000885550-22-000081.json","markdown":"https://secwatch.observer/filing/0000885550-22-000081.md","text":"https://secwatch.observer/filing/0000885550-22-000081.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555022000081/0000885550-22-000081-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555022000081/cacc-20221101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T20:49:08.873835+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"310fbc3785230ef95feb1b44d37daa1b7a7c7d48","claim":"CREDIT ACCEPTANCE CORP reported the three months ended September 30, 2022 results: net income $86.8 million, EPS $6.49 per diluted share.","evidence_excerpt":"today announced consolidated net income of $86.8 million, or $6.49 per diluted share, for the three months ended September 30, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555022000081/0000885550-22-000081-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Net income","value":"$86.8 million"},{"label":"EPS","value":"$6.49 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"80b5e2257ee021c4aeaf7f8a9eb6dbfbce908b88","claim":"CREDIT ACCEPTANCE CORP reported the nine months ended September 30, 2022 results: net income $408.5 million, EPS $29.74 per diluted share.","evidence_excerpt":"For the nine months ended September 30, 2022, consolidated net income was $408.5 million, or $29.74 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555022000081/0000885550-22-000081-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2022"},{"label":"Net income","value":"$408.5 million"},{"label":"EPS","value":"$29.74 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}