{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-24-000016","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.142671+00:00","generated_at":"2026-06-06T14:27:57.901190+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Credit Acceptance Q4 GAAP EPS $7.29, down 24% YoY; adjusted EPS $10.06","bullets":["GAAP net income $93.6M vs $127.3M YoY; revenue growth not disclosed.","Q4 loan origination unit volume +26.7% YoY; dollar volume +21.3%.","Forecasted collection rates declined by $57M (0.6%) in Q4, vs $41.1M (0.5%) a year ago.","Initial spread on new loans improved to 21.7%, up from 20.9% in Q4 2022.","Average cost of debt rose due to higher interest rates on recent financings."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-24-000016","json":"https://secwatch.observer/filing/0000885550-24-000016.json","markdown":"https://secwatch.observer/filing/0000885550-24-000016.md","text":"https://secwatch.observer/filing/0000885550-24-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000016/0000885550-24-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000016/cacc-20240131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T14:27:57.901190+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":"501d0834f03995659b5def3170a200492f0b3001","claim":"CREDIT ACCEPTANCE CORP reported for the three months ended December 31, 2023 results: net income $129.1 million, EPS $10.06 per diluted share.","evidence_excerpt":"Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2023 was $129.1 million, or $10.06 per diluted share, compared to $156.1 million, or $11.74 per diluted share, for the same period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000016/0000885550-24-000016-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"for the three months ended December 31, 2023"},{"label":"Net income","value":"$129.1 million"},{"label":"EPS","value":"$10.06 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"}