{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-23-000108","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.251790+00:00","generated_at":"2026-06-09T06:28:28.899315+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Credit Acceptance Q3 GAAP EPS $5.43, adjusted EPS $10.70; net income down 18% YoY","bullets":["GAAP net income $70.8M ($5.43/diluted share) vs $86.8M ($6.49) in Q3 2022.","Adjusted net income $139.5M ($10.70/diluted) vs $178.5M ($13.36) YoY.","Loan assignment unit volume +13%, dollar volume +10.5% YoY; average spread on new loans 21.4% vs 20.2%.","Forecasted collection rates decreased by $69.4M (0.7%) in Q3 vs $85.4M (0.9%) in prior year Q3.","Board expanded to six; elected Sean E. Quinn as director, effective Oct 27, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-23-000108","json":"https://secwatch.observer/filing/0000885550-23-000108.json","markdown":"https://secwatch.observer/filing/0000885550-23-000108.md","text":"https://secwatch.observer/filing/0000885550-23-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000108/0000885550-23-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000108/cacc-20231027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:28:28.899315+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":"91ae4d24eade106f69a76d5477e63c1fca73f6e0","claim":"CREDIT ACCEPTANCE CORP reported three months ended September 30, 2023 results: net income 139.5 million, EPS 10.70.","evidence_excerpt":"Adjusted net income, a non-GAAP financial measure, for the three months ended September 30, 2023 was $139.5 million, or $10.70 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000108/0000885550-23-000108-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended September 30, 2023"},{"label":"Net income","value":"139.5 million"},{"label":"EPS","value":"10.70"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d7fdc27bbd","claim":"Sean E. Quinn was elected as Director at CREDIT ACCEPTANCE CORP.","evidence_excerpt":"elected Sean E. Quinn as a director of the Company to fill the vacancy created by the increase in the size of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000108/0000885550-23-000108-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}