---
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"
generated_at: "2026-06-22T20:49:08.873835+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance Q3 GAAP net income falls 65% to $86.8M; loan performance weakens

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-22-000081
- JSON: https://secwatch.observer/filing/0000885550-22-000081.json
- Plain text: https://secwatch.observer/filing/0000885550-22-000081.txt

## Key facts
- Earnings Releases
  CREDIT ACCEPTANCE CORP reported the three months ended September 30, 2022 results: net income $86.8 million, EPS $6.49 per diluted share.
  - Period: the three months ended September 30, 2022
  - Net income: $86.8 million
  - EPS: $6.49 per diluted share
  - Result: reported results
  source text: today announced consolidated net income of $86.8 million, or $6.49 per diluted share, for the three months ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555022000081/0000885550-22-000081-index.htm
- Earnings Releases
  CREDIT ACCEPTANCE CORP reported the nine months ended September 30, 2022 results: net income $408.5 million, EPS $29.74 per diluted share.
  - Period: the nine months ended September 30, 2022
  - Net income: $408.5 million
  - EPS: $29.74 per diluted share
  - Result: reported results
  source text: For the nine months ended September 30, 2022, consolidated net income was $408.5 million, or $29.74 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555022000081/0000885550-22-000081-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.