{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-25-000054","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.609408+00:00","generated_at":"2026-05-23T03:10:18.863004+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Credit Acceptance Q1 GAAP net income $106.3M ($8.66/sh); assignment volume falls 10.1% YoY","bullets":["GAAP net income $106.3M ($8.66 diluted EPS) vs $64.3M ($5.08) in Q1 2024; adjusted net income $114.8M ($9.35).","Consumer Loan unit volume fell 10.1% and dollar volume fell 15.5% YoY; active dealers 10,789 (-0.1%).","Forecasted collection rate decline reduced net cash flows by $20.9M (0.2%); average portfolio balance rose 11% to $7.9B.","Repurchased 329,000 shares (2.7% of shares outstanding); liquidity of over $2.2B in cash and unused credit lines.","Operating expenses rose 7.5% to $9.4M increase; interest expense up 24% on higher debt balance."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-25-000054","json":"https://secwatch.observer/filing/0000885550-25-000054.json","markdown":"https://secwatch.observer/filing/0000885550-25-000054.md","text":"https://secwatch.observer/filing/0000885550-25-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000054/0000885550-25-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000054/cacc-20250430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T03:10:18.863004+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"}