---
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"
generated_at: "2026-05-31T14:42:24.761305+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance reports Q2 GAAP net loss of $47.1M; adjusts forecast methodology reducing cash flows by $147.2M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-24-000090
- JSON: https://secwatch.observer/filing/0000885550-24-000090.json
- Plain text: https://secwatch.observer/filing/0000885550-24-000090.txt

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