---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-24-000118"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:46:40.576389+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance Q3 GAAP EPS $6.35 vs $5.43 YoY; adjusted EPS $8.79 vs $10.70

## Summary
- GAAP net income $78.8M ($6.35/diluted share) vs $70.8M ($5.43) in Q3 2023.
- Adjusted net income $109.1M ($8.79/diluted share) vs $139.5M ($10.70) YoY.
- Forecasted collection rates declined $62.8M (0.6%) in Q3; consumer loan unit volume up 17.7%.
- Average cost of debt rose to 7.3% from 5.8% a year ago, pressuring adjusted earnings.
- Repurchased ~566K shares (4.5% of shares outstanding) since Q3 2023; none in Q3 2024.

## SEC filing metadata
- accession: 0000885550-24-000118
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/885550/000088555024000118/0000885550-24-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555024000118/cacc-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-24-000118
- JSON: https://secwatch.observer/filing/0000885550-24-000118.json
- Plain text: https://secwatch.observer/filing/0000885550-24-000118.txt

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