{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-23-000006","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2023-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.393997+00:00","generated_at":"2026-06-20T06:10:50.984128+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Credit Acceptance Q4 net income $127.3M ($9.58 EPS) down 41.5% YoY","bullets":["Adjusted EPS $11.74 vs $14.26 prior year; forecasted collection rates for 2021-2022 loans decreased.","Unit volume up 25.6% YoY, active dealers up 15.0%, but GAAP net income fell 41.5% to $127.3M.","Provision for credit losses surged 403.1% to $130.3M due to $110.4M negative forecast changes.","Full year 2022 net income $535.8M ($39.32 EPS) down 44.1% from $958.3M in 2021.","Stock repurchases of 208k shares (1.6% of shares outstanding) in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-23-000006","json":"https://secwatch.observer/filing/0000885550-23-000006.json","markdown":"https://secwatch.observer/filing/0000885550-23-000006.md","text":"https://secwatch.observer/filing/0000885550-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000006/0000885550-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000006/cacc-20230131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T06:10:50.984128+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":"59e724c0ebe987a9777d3409a074349e656650d3","claim":"CREDIT ACCEPTANCE CORP reported three months ended December 31, 2022 results: net income $127.3 million, EPS $9.58 per diluted share.","evidence_excerpt":"Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $127.3 million, or $9.58 per diluted share, for the three months ended December 31, 2022 compared to consolidated net income of $217.6 million, or $14.60 per diluted share, for the same period in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000006/0000885550-23-000006-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Net income","value":"$127.3 million"},{"label":"EPS","value":"$9.58 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"}