---
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"
generated_at: "2026-06-20T06:10:50.984128+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance Q4 net income $127.3M ($9.58 EPS) down 41.5% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-23-000006
- JSON: https://secwatch.observer/filing/0000885550-23-000006.json
- Plain text: https://secwatch.observer/filing/0000885550-23-000006.txt

## Key facts
- Earnings Releases
  CREDIT ACCEPTANCE CORP reported three months ended December 31, 2022 results: net income $127.3 million, EPS $9.58 per diluted share.
  - Period: three months ended December 31, 2022
  - Net income: $127.3 million
  - EPS: $9.58 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885550/000088555023000006/0000885550-23-000006-index.htm

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