---
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"
generated_at: "2026-06-06T14:27:57.901190+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance Q4 GAAP EPS $7.29, down 24% YoY; adjusted EPS $10.06

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-24-000016
- JSON: https://secwatch.observer/filing/0000885550-24-000016.json
- Plain text: https://secwatch.observer/filing/0000885550-24-000016.txt

## Key facts
- Earnings Releases
  CREDIT ACCEPTANCE CORP reported for the three months ended December 31, 2023 results: net income $129.1 million, EPS $10.06 per diluted share.
  - Period: for the three months ended December 31, 2023
  - Net income: $129.1 million
  - EPS: $10.06 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885550/000088555024000016/0000885550-24-000016-index.htm

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