{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-24-000090","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2024-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.168540+00:00","generated_at":"2026-05-31T14:42:24.761305+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Credit Acceptance reports Q2 GAAP net loss of $47.1M; adjusts forecast methodology reducing cash flows by $147.2M","bullets":["GAAP net loss $47.1M ($3.83 diluted loss) vs net income $22.2M ($1.69) in Q2 2023.","Adjusted net income $126.4M ($10.29) down from $140.0M ($10.69) YoY.","Forecasted net cash flows decreased $189.3M (1.7%) due to methodology adjustment of $147.2M and ordinary decrease of $42.1M.","Unit volume up 20.9%, dollar volume up 16.3%; average loan portfolio at record high.","Average cost of debt increased to 7.2% from 5.3%; sold building recognizing $23.7M loss."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-24-000090","json":"https://secwatch.observer/filing/0000885550-24-000090.json","markdown":"https://secwatch.observer/filing/0000885550-24-000090.md","text":"https://secwatch.observer/filing/0000885550-24-000090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000090/0000885550-24-000090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000090/cacc-20240726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T14:42:24.761305+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}