{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-24-000067","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.299339+00:00","generated_at":"2026-06-03T05:12:01.876965+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Credit Acceptance Q1 GAAP net income down 35% to $64.3M; adjusted EPS $9.28 vs $9.71 YoY","bullets":["GAAP EPS $5.08 vs $7.61 YoY; adjusted EPS $9.28 vs $9.71; net income fell on $48.6M higher provision for credit losses.","Forecasted collection rates decreased net cash flows by $30.8M (0.3%) vs a $9.4M increase in Q1 2023.","Consumer Loan unit volume up 24.1% and dollar volume up 20.2% YoY; initial spread improved to 22.0% from 21.0%.","Repurchased ~728,000 shares (5.7% of outstanding since Q1 2023); average cost of debt rose to 7.0% from 4.7%."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-24-000067","json":"https://secwatch.observer/filing/0000885550-24-000067.json","markdown":"https://secwatch.observer/filing/0000885550-24-000067.md","text":"https://secwatch.observer/filing/0000885550-24-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000067/0000885550-24-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000067/cacc-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:12:01.876965+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":"398685a38fa5bf8392aabc066cc5a839967d2d05","claim":"CREDIT ACCEPTANCE CORP reported three months ended March 31, 2024 results: net income $64.3 million, EPS $5.08 per diluted share.","evidence_excerpt":"On April 30, 2024, Credit Acceptance Corporation (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2024 and details for the related April 30, 2024 webcast.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000067/0000885550-24-000067-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Net income","value":"$64.3 million"},{"label":"EPS","value":"$5.08 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"}