{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-23-000050","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.609748+00:00","generated_at":"2026-06-16T05:52:35.686144+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 Q1 GAAP EPS falls to $7.61 from $14.94; provision for credit losses spikes","bullets":["GAAP net income $99.5M ($7.61/diluted) vs $214.3M ($14.94) a year ago, down 53.6%.","Adjusted net income $127.0M ($9.71/diluted) vs $197.3M ($13.76) down 35.6%.","Provision for credit losses increased 489.7% to $137.4M from $23.3M, driven by slower cash flow timing.","Consumer loan unit volume grew 22.8%, dollar volume up 18.6%; initial spread on new loans 21.0% vs 19.4% a year ago.","Operating expenses up 14.4% due to engineering headcount; interest expense up 49.0% on higher rates."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-23-000050","json":"https://secwatch.observer/filing/0000885550-23-000050.json","markdown":"https://secwatch.observer/filing/0000885550-23-000050.md","text":"https://secwatch.observer/filing/0000885550-23-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000050/0000885550-23-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000050/cacc-20230501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:52:35.686144+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":"50d1ef74a70a21812c6cfa828d9e169e006740f4","claim":"CREDIT ACCEPTANCE CORP reported the three months ended March 31, 2023 results: net income consolidated net income of $99.5 million, EPS $7.61 per diluted share.","evidence_excerpt":"Credit Acceptance Corporation (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000050/0000885550-23-000050-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Net income","value":"consolidated net income of $99.5 million"},{"label":"EPS","value":"$7.61 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"}