secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0000885550-25-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credit Acceptance Q4 2024: GAAP net income $151.9M ($12.26 EPS); adjusted EPS $10.17; unit volume growth slows to 0.3%
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- GAAP net income $151.9M vs $93.6M YoY; diluted EPS $12.26 vs $7.29.
- Adjusted net income $126.0M ($10.17/diluted share) vs $129.1M ($10.06) YoY.
- Consumer loan assignment unit volume grew only 0.3% YoY vs 26.7% in Q4 2023.
- Initial spread increased to 22.4% from 21.7%; average cost of debt rose to 7.2% from 6.3%.
- Repurchased ~590,000 shares (4.7% of outstanding) since Q4 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555025000009/0000885550-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555025000009/cacc-20250130.htm
  HTML page:      https://secwatch.observer/filing/0000885550-25-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer